<SEC-DOCUMENT>0001081400-21-000496.txt : 20210526
<SEC-HEADER>0001081400-21-000496.hdr.sgml : 20210526
<ACCEPTANCE-DATETIME>20210526172035
ACCESSION NUMBER:		0001081400-21-000496
CONFORMED SUBMISSION TYPE:	PRE 14A
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20210521
FILED AS OF DATE:		20210526
DATE AS OF CHANGE:		20210526

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WELLS FARGO UTILITIES & HIGH INCOME FUND
		CENTRAL INDEX KEY:			0001279014
		IRS NUMBER:				364548459
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		PRE 14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-21507
		FILM NUMBER:		21967473

	BUSINESS ADDRESS:	
		STREET 1:		525 MARKET STREET
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94105
		BUSINESS PHONE:		800-222-2222

	MAIL ADDRESS:	
		STREET 1:		200 BERKELEY STREET
		STREET 2:		FLOOR 21
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02116

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	WELLS FARGO ADVANTAGE UTILITIES & HIGH INCOME FUND
		DATE OF NAME CHANGE:	20100719

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EVERGREEN UTILITIES & HIGH INCOME FUND
		DATE OF NAME CHANGE:	20040209

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EVERGREEN UTILITIES TRUST
		DATE OF NAME CHANGE:	20040206
</SEC-HEADER>
<DOCUMENT>
<TYPE>PRE 14A
<SEQUENCE>1
<FILENAME>wrappererh.htm
<TEXT>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:6;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="center"><a name="chapter_1_6338"></a><a name="chapter_1-sect1_1_6338"></a><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:12.024pt;"><b>SCHEDULE 14A INFORMATION</b></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:6;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="center"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:12.024pt;">PROXY STATEMENT PURSUANT TO SECTION 14(A)</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:12.024pt;">OF THE SECURITIES EXCHANGE ACT OF 1934</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:6;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="center"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:12.024pt;">Filed by the Registrant [X]</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:12.024pt;">Filed by a Party other than the Registrant [ ]</font></p>
         <p style="background-color:#FFFFFF;padding-left:46.5pt;padding-top:6;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:12.024pt;"><b>Check the Appropriate Box:</b></font></p>
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                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"><font style="padding-left:0pt;"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">[X]</font></font></p>
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                  <p style="background-color:#FFFFFF;padding-left:9pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">Preliminary Proxy Statement</font></p>
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                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"><font style="padding-left:0pt;"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">[ ]</font></font></p>
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                  <p style="background-color:#FFFFFF;padding-left:9pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</font></p>
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                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"><font style="padding-left:0pt;"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">[]</font></font></p>
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                  <p style="background-color:#FFFFFF;padding-left:9pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">Definitive Proxy Statement</font></p>
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                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"><font style="padding-left:0pt;"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">[ ]</font></font></p>
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                  <p style="background-color:#FFFFFF;padding-left:9pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">Definitive Additional Materials</font></p>
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                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"><font style="padding-left:0pt;"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">[ ]</font></font></p>
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                  <p style="background-color:#FFFFFF;padding-left:9pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12</font></p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:18;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="center"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;"><b>WELLS FARGO UTILITIES AND HIGH INCOME FUND</b></font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">(Name of Registrant as Specified in Its Charter)</font></p>
         <p style="background-color:#FFFFFF;padding-left:46.5pt;padding-top:6;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:12.024pt;"><b>Payment of filing fee (check the appropriate box):</b></font></p>
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                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">[</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;"><b>X</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">]</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;margin-left:NaNpt;">[ ]</font></p>
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               <td align="left" valign="top" colspan="1" style="border-bottom:0.9pt solid #000000;vertical-align:top">
                  <p style="background-color:#FFFFFF;padding-left:9pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">No fee required.</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;margin-left:NaNpt;">Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.</font></p>
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               <td align="center" valign="top" colspan="1" style="border-right:0.4pt solid #000000;border-bottom:0.9pt solid #000000;vertical-align:top">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"></p>
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               <td align="left" valign="top" colspan="1" style="border-bottom:0.9pt solid #000000;vertical-align:top">
                  <p style="background-color:#FFFFFF;padding-left:9pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">(a) Title of each class of securities to which transaction applies:</font></p>
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                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"></p>
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               <td align="left" valign="top" colspan="1" style="border-bottom:0.9pt solid #000000;vertical-align:top">
                  <p style="background-color:#FFFFFF;padding-left:9pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">(b) Aggregate number of securities to which transaction applies:</font></p>
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                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"></p>
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               <td align="left" valign="top" colspan="1" style="border-bottom:0.9pt solid #000000;vertical-align:top">
                  <p style="background-color:#FFFFFF;padding-left:9pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">(c) Per unit price or other underlying value of transaction computed pursuant to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">and state how it was determined):</font></p>
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                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"></p>
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               <td align="left" valign="top" colspan="1" style="border-bottom:0.9pt solid #000000;vertical-align:top">
                  <p style="background-color:#FFFFFF;padding-left:9pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">(d) Proposed maximum aggregate value of transaction:</font></p>
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                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"></p>
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               <td align="left" valign="top" colspan="1" style="border-bottom:0.9pt solid #000000;vertical-align:top">
                  <p style="background-color:#FFFFFF;padding-left:9pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">(e) Total fee paid:</font></p>
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                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"><font style="padding-left:0pt;"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">[ ]</font></font></p>
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               <td align="left" valign="top" colspan="1" style="border-bottom:0.9pt solid #000000;vertical-align:top">
                  <p style="background-color:#FFFFFF;padding-left:9pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">Fee paid previously with preliminary material</font></p>
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                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"><font style="padding-left:0pt;"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">[ ]</font></font></p>
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               <td align="left" valign="top" colspan="1" style="border-bottom:0.9pt solid #000000;vertical-align:top">
                  <p style="background-color:#FFFFFF;padding-left:9pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">Check box if any part of the fee is offset as provided by Exchange Act Rule </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">Identify the previous filing by registration statement number, or the Form or </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">Schedule and the date of its filing.</font></p>
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                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"></p>
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                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:11pt;"><b>WELLS FARGO UTILITIES AND HIGH INCOME FUND</b></font></p>
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:2;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:11pt;"><b>June xx, 2021</b></font></p>
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      <div style="clear:both;width:82.49548852797113%;margin-top:10pt;margin-left:8.765145656096932%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:4;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">Dear Shareholder:</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:4;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">I am pleased to invite you to a special meeting of shareholders of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">Wells Fargo Utilities and High </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">Income Fund (the &#8220;Fund&#8221;), as detailed in the attached Notice of Special Meeting of Shareholders </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">and in the attached Proxy Statement to be held at 525 Market Street, 12th Floor, San Francisco, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">California 94105 on July 15, 2021 at </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">12:00 p.m. Pacific Time (the &#8220;Meeting&#8221;). We continue to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">monitor the recommendations of public health officials and governmental restrictions as the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">situation continues to evolve in light of the COVID-19 pandemic. If we decide to hold the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">meeting at a different time, in a different location, or partially or entirely by means of remote </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">communication (i.e., a virtual meeting), we will make an announcement, as applicable or </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">appropriate.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:4;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">The Meeting is being held to approve matters important to the continuing operations of the Fund. </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">On February 23, 2021, Wells Fargo &amp; Company (&#8220;Wells Fargo&#8221;) announced that it had entered into a </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">definitive agreement to sell Wells Fargo Asset Management (&#8220;WFAM&#8221;) to a holding company </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">affiliated with private funds of GTCR LLC and Reverence Capital Partners, L.P. (the &#8220;Transaction&#8221;). </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">WFAM is the trade name used by the asset management businesses of Wells Fargo and includes </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">Wells Fargo Funds Management, LLC (&#8220;Funds Management&#8221;), the investment adviser to the Fund, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">and Wells Capital Management Incorporated, the sub-adviser to the Fund (&#8220;Wells Capital&#8221;, and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">together with Funds Management, the &#8220;Advisers&#8221;).</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:4;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">Consummation of the Transaction will result in the automatic termination of the Fund&#8217;s investment </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">advisory agreement with Funds Management and sub-advisory agreement with Wells Capital. The </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">Board of Trustees of the Fund approved a new investment advisory agreement with Funds </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">Management and a new sub-advisory agreement with Wells Capital Management, LLC, and the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">Fund is now asking Shareholders to approve the new agreements to replace the existing agreements </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">that will terminate. The Transaction is expected to close in the second half of 2021, subject to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">customary closing conditions.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:4;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">The Board recommends you vote &#8220;IN FAVOR OF&#8221; each of the proposals applicable to your Fund. </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">However, before you vote, please read the full text of the Proxy Statement for an explanation of each </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">of the proposals.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:4;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">Whether or not you plan to attend the Meeting, please cast your vote by mail, by telephone or over </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">Internet, as promptly as possible. Instructions for the proper execution of the proxy card, as well as </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">instructions on how to vote by telephone or over the Internet, are included at the end of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">accompanying proxy statement. If you have any questions about the proxy materials, the proposals </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">or about how to vote your shares, you may call the Fund&#8217;s proxy solicitor, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">[Proxy Solicitor Name] at </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">[Proxy Solicitor Phone]. Thank you for your participation in this important initiative. Your vote is </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">important to us, no matter how many shares you own.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:4;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">Very truly yours,</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:4;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">Andrew Owen</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">President</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">Wells Fargo Utilities and High Income Fund</font></p>
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      <div style="clear:both;width:87.59989688063935%;margin-top:10pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:11;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a name="chapter_1-sect1_2_6252"></a><font style="text-transform:uppercase;"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:12.024pt;text-transform:uppercase;"><b>NOTICE OF SPECIAL MEETING OF SHAREHOLDERS</b></font></font><br><font style="text-transform:uppercase;"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:12.024pt;text-transform:uppercase;"><b>JULY 15, 2021</b></font></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:6;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font style="text-transform:uppercase;"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:12.024pt;text-transform:uppercase;"><b>WELLS FARGO UTILITIES AND HIGH INCOME FUND</b></font></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(the &#8220;Fund&#8221;)</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">525 Market Street, 12th Floor, San Francisco, California 94105</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font style="text-transform:uppercase;"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;text-transform:uppercase;">TO THE SHAREHOLDERS OF THE FUND</font></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:7;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Notice is hereby given that a Special Meeting of Shareholders (the &#8220;Meeting&#8221;) of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Fund will be held on July 15, 2021 at </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">12:00 p.m. Pacific time, at the offices of the Fund, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">525 Market Street, 12th Floor, San Francisco, California 94105. With respect to the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Fund, the purposes of the Meeting are as follows:</font></p>
         <p style="padding-left:0pt;padding-top:0pt;padding-bottom:0pt;margin:0;"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:3pt;">&#160;</font></p>
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               <td valign="top" style="padding-top:0pt;width:3%;padding-bottom:0pt;padding-left:0pt;text-align:left;valign:top;"><font face="Arial, Helvetica, sans-serif" size="2">&#160;</font></td>
               <td valign="top" style="padding-bottom:0pt;padding-top:0pt;width:97%;padding-left:0pt;align:left;valign:top;"><font face="Arial, Helvetica, sans-serif" size="2"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(1) To consider and approve a new investment advisory agreement with Wells </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Fargo Funds Management, LLC;</font></font></td>
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               <td valign="top" style="padding-bottom:0pt;padding-top:0pt;width:97%;padding-left:0pt;align:left;valign:top;"><font face="Arial, Helvetica, sans-serif" size="2"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(2) To consider and approve a new investment sub-advisory agreement with Wells </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Capital Management, LLC;</font></font></td>
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               <td valign="top" style="padding-top:0pt;width:3%;padding-bottom:0pt;padding-left:0pt;text-align:left;valign:top;"><font face="Arial, Helvetica, sans-serif" size="2">&#160;</font></td>
               <td valign="top" style="padding-bottom:0pt;padding-top:0pt;width:97%;padding-left:0pt;align:left;valign:top;"><font face="Arial, Helvetica, sans-serif" size="2"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(3) To transact such other business as may properly come before the Meeting or </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">any adjournments thereof.</font></font></td>
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               <td>&#160;</td>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Shareholders of record at the close of business on May 28, 2021 will be entitled to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">vote at the Meeting.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">You are welcome to attend the Meeting, but if you cannot do so, please complete and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">sign the enclosed proxy card and return it in the accompanying envelope as promptly </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">as possible or vote by telephone or Internet. Any shareholder attending the Meeting </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">can vote in person even though a proxy may have already been designated by the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">shareholder. We intend to hold the Meeting in person. However, we are sensitive to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the public health and travel concerns that shareholders may have and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">recommendations that public health officials may issue in light of the evolving </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">coronavirus (COVID-19) situation. As a result, we may impose additional procedures or </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">limitations on Meeting attendees or may decide to hold the Meeting in a different </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">location or solely by means of remote communication. We plan to announce any such </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">updates on our website (www.wfam.com), and we encourage you to check this </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">website prior to the Meeting if you plan to attend. Instructions for the proper </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">execution of the proxy card, as well as instructions on how to vote by telephone and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Internet, are set forth at the end of this proxy statement.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">THE BOARD OF TRUSTEES OF THE FUND UNANIMOUSLY RECOMMENDS THAT YOU </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">VOTE IN FAVOR OF THE PROPOSALS OUTLINED ABOVE.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">By Order of the Board of Trustees of the Fund,</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Catherine F. Kennedy, Secretary</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">June XX, 2021</font></p>
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      <div style="clear:both;float:left;margin-top:0pt; margin-bottom:0pt;width:100%;"><hr style="clear:both;float:left;size:3;color:#999999;width:100%;margin-top:6pt;"></div>
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         <p style="margin: 0pt">&#160;</p>
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      <div style="clear:both;width:87.39365815931941%;margin-top:10pt;margin-left:6.187161639597835%;"><a name="TOC_6252">
            <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font style="text-transform:uppercase;"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;text-transform:uppercase;"><b>Table of Contents</b></font></font></p></a><table width="100%" cellspacing="0" style="width:100%;cellspacing:0;padding-bottom:5pt;padding-top:5pt;margin-left:0pt;">
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                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:3;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a style="text-decoration: none;" href="#chapter_2_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;"><b>Proxy Statement</b></font></a></p>
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                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:4;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a style="text-decoration: none;" href="#chapter_2-sect1_1_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">Proxy Statement </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, 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sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font></a></p>
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                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:3;padding-bottom:0;align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="right"><a style="text-decoration: none;" href="#chapter_2-sect1_1_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">2</font></a></p>
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               <td align="left" valign="top" colspan="1" style="vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:4;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a style="text-decoration: none;" href="#chapter_2-sect1_2_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">Proxy Solicitation </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font></a></p>
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                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:3;padding-bottom:0;align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="right"><a style="text-decoration: none;" href="#chapter_2-sect1_2_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">2</font></a></p>
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            <tr>
               <td align="left" valign="top" colspan="1" style="vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:4;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a style="text-decoration: none;" href="#chapter_2-sect1_3_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">Principal Holders of Fund Shares </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, 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Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font></a></p>
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               <td align="right" valign="bottom" colspan="1" style="vertical-align:bottom;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:3;padding-bottom:0;align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="right"><a style="text-decoration: none;" href="#chapter_2-sect1_3_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">4</font></a></p>
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               <td align="left" valign="top" colspan="1" style="vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:4;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a style="text-decoration: none;" href="#chapter_2-sect1_4_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">Information About The Proposals</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;"> </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font></a></p>
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               <td align="right" valign="bottom" colspan="1" style="vertical-align:bottom;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:3;padding-bottom:0;align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="right"><a style="text-decoration: none;" href="#chapter_2-sect1_4_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">5</font></a></p>
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                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:4;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a style="text-decoration: none;" href="#chapter_2-sect1_5_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">Board Considerations </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font></a></p>
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               <td align="right" valign="bottom" colspan="1" style="vertical-align:bottom;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:3;padding-bottom:0;align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="right"><a style="text-decoration: none;" href="#chapter_2-sect1_5_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">10</font></a></p>
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                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:4;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a style="text-decoration: none;" href="#chapter_2-sect1_6_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">Section 15(f) of the 1940 Act </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font></a></p>
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                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:3;padding-bottom:0;align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="right"><a style="text-decoration: none;" href="#chapter_2-sect1_6_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">18</font></a></p>
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                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:4;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a style="text-decoration: none;" href="#chapter_2-sect1_7_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">Service Providers </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font></a></p>
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                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:3;padding-bottom:0;align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="right"><a style="text-decoration: none;" href="#chapter_2-sect1_7_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">18</font></a></p>
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               <td align="left" valign="top" colspan="1" style="vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:4;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a style="text-decoration: none;" href="#chapter_2-sect1_8_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">Other Business </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font></a></p>
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               <td align="right" valign="bottom" colspan="1" style="vertical-align:bottom;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:3;padding-bottom:0;align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="right"><a style="text-decoration: none;" href="#chapter_2-sect1_8_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">19</font></a></p>
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               <td align="left" valign="top" colspan="1" style="vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:4;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a style="text-decoration: none;" href="#chapter_2-sect1_9_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">Required Vote For Each Proposal </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font></a></p>
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               <td align="right" valign="bottom" colspan="1" style="vertical-align:bottom;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:3;padding-bottom:0;align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="right"><a style="text-decoration: none;" href="#chapter_2-sect1_9_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">19</font></a></p>
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               <td align="left" valign="top" colspan="1" style="vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:4;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a style="text-decoration: none;" href="#chapter_2-sect1_10_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">Annual and Semi-Annual Reports </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font></a></p>
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               <td align="right" valign="bottom" colspan="1" style="vertical-align:bottom;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:3;padding-bottom:0;align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="right"><a style="text-decoration: none;" href="#chapter_2-sect1_10_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">19</font></a></p>
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                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:4;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a style="text-decoration: none;" href="#chapter_2-sect1_11_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">Shareholder Proposals </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font></a></p>
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               <td align="right" valign="bottom" colspan="1" style="vertical-align:bottom;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:3;padding-bottom:0;align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="right"><a style="text-decoration: none;" href="#chapter_2-sect1_11_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">19</font></a></p>
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               <td align="left" valign="top" colspan="1" style="vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:4;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a style="text-decoration: none;" href="#chapter_2-sect1_12_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">Instructions for Executing Proxy Card </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font></a></p>
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                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:3;padding-bottom:0;align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="right"><a style="text-decoration: none;" href="#chapter_2-sect1_12_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">21</font></a></p>
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                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:4;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a style="text-decoration: none;" href="#chapter_3_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;"><b>Exhibits</b></font></a></p>
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                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:4;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a style="text-decoration: none;" href="#chapter_3-sect1_1_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">Exhibit A &#8211; Number of Shares Outstanding as of the Record Date </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font></a></p>
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                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:3;padding-bottom:0;align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="right"><a style="text-decoration: none;" href="#chapter_3-sect1_1_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">A-1</font></a></p>
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                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:4;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a style="text-decoration: none;" href="#chapter_3-sect1_2_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">Exhibit B - Principal Holders of Fund Shares</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;"> </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font></a></p>
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               <td align="right" valign="bottom" colspan="1" style="vertical-align:bottom;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:3;padding-bottom:0;align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="right"><a style="text-decoration: none;" href="#chapter_3-sect1_2_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">B-1</font></a></p>
               </td>
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               <td align="left" valign="top" colspan="1" style="vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:4;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a style="text-decoration: none;" href="#chapter_3-sect1_3_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">Exhibit C &#8211; Form of New Investment Advisory Agreement </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font></a></p>
               </td>
               <td align="right" valign="bottom" colspan="1" style="vertical-align:bottom;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:3;padding-bottom:0;align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="right"><a style="text-decoration: none;" href="#chapter_3-sect1_3_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">C-1</font></a></p>
               </td>
            </tr>
            <tr>
               <td align="left" valign="top" colspan="1" style="vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:4;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a style="text-decoration: none;" href="#chapter_3-sect1_4_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">Exhibit D &#8211; Date of Last Shareholder Approval of Current Investment Advisory </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">Agreement </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font></a></p>
               </td>
               <td align="right" valign="bottom" colspan="1" style="vertical-align:bottom;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:3;padding-bottom:0;align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="right"><a style="text-decoration: none;" href="#chapter_3-sect1_4_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">D-1</font></a></p>
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            <tr>
               <td align="left" valign="top" colspan="1" style="vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:4;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a style="text-decoration: none;" href="#chapter_3-sect1_5_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">Exhibit E &#8211; Current Funds Management Officers and Directors</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;"> </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font></a></p>
               </td>
               <td align="right" valign="bottom" colspan="1" style="vertical-align:bottom;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:3;padding-bottom:0;align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="right"><a style="text-decoration: none;" href="#chapter_3-sect1_5_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">E-1</font></a></p>
               </td>
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            <tr>
               <td align="left" valign="top" colspan="1" style="vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:4;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a style="text-decoration: none;" href="#chapter_3-sect1_6_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">Exhibit F - Form of New Sub-Advisory Agreement </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font></a></p>
               </td>
               <td align="right" valign="bottom" colspan="1" style="vertical-align:bottom;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:3;padding-bottom:0;align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="right"><a style="text-decoration: none;" href="#chapter_3-sect1_6_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">F-1</font></a></p>
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            <tr>
               <td align="left" valign="top" colspan="1" style="vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:4;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a style="text-decoration: none;" href="#chapter_3-sect1_7_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">Exhibit G &#8211; Date of Last Shareholder Approval of Current Sub-Advisory Agreement</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;"> </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font></a></p>
               </td>
               <td align="right" valign="bottom" colspan="1" style="vertical-align:bottom;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:3;padding-bottom:0;align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="right"><a style="text-decoration: none;" href="#chapter_3-sect1_7_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">G-1</font></a></p>
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            <tr>
               <td align="left" valign="top" colspan="1" style="vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:4;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a style="text-decoration: none;" href="#chapter_3-sect1_8_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">Exhibit H &#8211; Current Wells Capital Officers and Directors</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;"> </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;color:#0000ff;">.</font></a></p>
               </td>
               <td align="right" valign="bottom" colspan="1" style="vertical-align:bottom;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:3;padding-bottom:0;align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="right"><a style="text-decoration: none;" href="#chapter_3-sect1_8_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">H-1</font></a></p>
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            <tr>
               <td align="left" valign="top" colspan="1" style="vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:4;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a style="text-decoration: none;" href="#chapter_3-sect1_9_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">Exhibit I &#8211; Investment Management Fees Paid </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">.</font></a></p>
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               <td align="right" valign="bottom" colspan="1" style="vertical-align:bottom;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:3;padding-bottom:0;align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="right"><a style="text-decoration: none;" href="#chapter_3-sect1_9_6252"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">I-1</font></a></p>
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         <p style="margin: 0pt">&#160;</p>
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      <div style="clear:both;width:139.4689352926012%;margin-top:10pt;margin-left:6.187161639597835%;"></div>
      <div style="clear:both;width:87.59989688063935%;margin-top:10pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a name="chapter_2_6252"></a><a name="chapter_2-sect1_1_6252"></a><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:11.424pt;"><b>WELLS FARGO UTILITIES AND HIGH INCOME FUND</b></font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:11.424pt;"><b>PROXY STATEMENT</b></font><hr color="#000000" width="100%" align="left" size="0.4"></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">This proxy statement is furnished in connection with the solicitation of proxies for a </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Special Meeting of Shareholders (the &#8220;Meeting&#8221;) to be held at 525 Market Street, 12th </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Floor, San Francisco, California 94105, the address of the principal office of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Wells </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Fargo Utilities and High Income Fund (the &#8220;Fund&#8221;) on July 15, 2021 at </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">12:00 p.m. </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Pacific time. If you wish to participate in the Meeting, you may submit the proxy card </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">included with this proxy statement by mail, vote by telephone or the Internet, or </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">attend the Meeting in person. (See &#8220;Instructions for Executing Proxy Card&#8221; at the end </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">of this proxy statement for voting instructions.) If you wish to attend the Meeting in </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">person, please call (XXX) XXX-XXXX for instructions. We intend to hold the Meeting in </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">person. However, we are sensitive to the public health and travel concerns that </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">shareholders may have and recommendations that public health officials may issue in </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">light of the evolving coronavirus (COVID-19) situation. As a result, we may impose </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">additional procedures or limitations on Meeting attendees or may decide to hold the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Meeting in a different location or solely by means of remote communication. We plan </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">to announce any such updates on our website (www.wfam.com), and we encourage </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">you to check this website prior to the Meeting if you plan to attend.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">This proxy statement, the accompanying Notice of Special Meeting of Shareholders </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">and the proxy card will be first sent to Shareholders on or about June xx, 2021.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR </b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>THE MEETING OF SHAREHOLDERS TO BE HELD ON JULY 15, 2021:</b></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>You may obtain a copy of this proxy statement, the accompanying Notice of </b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Special Meeting of Shareholders and the proxy card without charge by visiting </b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>the website indicated on your proxy card.</b></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:10;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a name="chapter_2-sect1_2_6252"></a><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:11.424pt;"><b>PROXY SOLICITATION</b></font><hr color="#000000" width="100%" align="left" size="0.4"></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Under </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Proposal 1</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">, shareholders in the Fund are being asked to approve a new </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">investment advisory agreement (the &#8220;New Investment Advisory Agreement&#8221;) with </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Wells Fargo Funds Management, LLC (&#8220;Funds Management&#8221;).</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Under </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Proposal 2</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">, shareholders in the Fund are being asked to approve a new </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">sub-advisory agreement (the &#8220;New Sub-Advisory Agreement&#8221;) with Wells Capital </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Management, LLC (&#8220;Wells Capital&#8221;, and together with Funds Management, the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">&#8220;Advisers&#8221;).</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">As explained in further detail below, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Proposals 1 and 2</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"> relate to a definitive </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">agreement entered into by Wells Fargo &amp; Company (&#8220;Wells Fargo&#8221;) to sell Wells Fargo </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Asset Management (&#8220;WFAM&#8221;) to a holding company (&#8220;NewCo&#8221;) affiliated with private </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">funds of GTCR LLC (&#8220;GTCR&#8221;) and Reverence Capital Partners, L.P. (&#8220;Reverence Capital&#8221;, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">and such transaction, the &#8220;Transaction&#8221;). WFAM is the trade name used by the asset </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">management businesses of Wells Fargo and includes the Advisers. In connection with </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Transaction, Wells Capital Management Incorporated is expected to convert from </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">a California corporation to a Delaware limited liability company. Throughout this </font></p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="right"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0 pt;">&#160;|&#160;</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>2</b></font>&#160;</p>
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         <p style="padding:0"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><a href="#TOC_6252" style="color:#0000FF;">Back To Table of Contents</a></FONT></p>
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      <div style="clear:both;width:87.59989688063935%;margin-top:10pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">proxy statement, references to &#8220;Wells Capital&#8221; refer to Wells Capital Management </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Incorporated for periods before such conversion, and to Wells Capital Management, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">LLC for periods after such conversion.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Consummation of the Transaction will result in the automatic termination of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Fund&#8217;s existing investment advisory agreement with Funds Management and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">sub-advisory agreement with Wells Capital. As such, shareholders are being asked to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">approve the New Investment Advisory Agreement with Funds Management and the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">New Sub-Advisory Agreement with Wells Capital to replace the existing agreements </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">that will terminate.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Holders of shares (the &#8220;Shares&#8221;) of the Fund at the close of business on </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">May 28 2021 </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(the &#8220;Shareholders&#8221;) will be entitled to vote at the Meeting on the proposals set forth </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">in the accompanying notice. Shareholders of the Fund vote separately on each </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">proposal set forth in such notice. You can vote by returning your properly executed </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">proxy card in the envelope provided or you may vote by telephone or Internet by </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">following the instructions at the end of this proxy statement. When you complete and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">sign your proxy card, the proxies named will vote on your behalf at the Meeting (or </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">any adjournments thereof) exactly as you have indicated. If no choice is specified, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">your Shares will be voted IN FAVOR OF the New Investment Advisory Agreement and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the New Sub-Advisory Agreement. If any other matters are properly presented at the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Meeting for action, the persons named as proxies will vote in accordance with the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">views of management of the Fund. Any Shareholder who has returned a properly </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">executed proxy card, including a broker who may hold Shares on your behalf, has the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">right to revoke it at any time prior to its exercise by attending the Meeting and voting </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">his or her Shares in person, by submitting a letter of revocation to the Fund at the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">above address prior to the date of the Meeting or by submitting a later-dated and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">properly executed proxy card to the Fund at the above address prior to the date of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Meeting.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">The Fund&#8217;s Amended and Restated Declaration of Trust (the &#8220;Declaration&#8221;) provides </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">that the holders of thirty three and one-third percent (33 1/3%) of the Fund&#8217;s Shares </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">issued and outstanding, entitled to vote in person or by proxy, shall constitute a </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">quorum for the transaction of business at the Meeting (although a larger percentage </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">is required for approval of each proposal). Votes may be cast IN FAVOR OF or AGAINST </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">each proposal or you may ABSTAIN from voting. Abstentions, broker non-votes (i.e., </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Shares held by brokers or nominees as to which (i) instructions have not been </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">received from the beneficial owners or other persons entitled to vote and (ii) the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">broker or nominee does not have discretionary voting power on a particular matter), </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">and votes that are withheld will count for purposes of determining whether a quorum </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">is present and will have the effect of a vote against each proposal.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">The approval of each proposal requires the affirmative vote of a majority of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">outstanding voting securities of the Fund as defined in the Investment Company Act </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">of 1940 (the &#8220;1940 Act&#8221;). The 1940 Act defines the vote of a majority of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">outstanding voting securities of the Fund to mean the affirmative vote of the lesser of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(a) 67% or more of the Shares of the Fund present at the Meeting, if more than 50% of </font></p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0pt;"><b>3</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>&#160;|&#160;</b></font>&#160;</p>
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         <p style="margin: 0pt">&#160;</p>
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         <p style="padding:0"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><a href="#TOC_6252" style="color:#0000FF;">Back To Table of Contents</a></FONT></p>
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      <div style="clear:both;width:87.59989688063935%;margin-top:10pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the outstanding Shares of the Fund are present in person or represented by proxy at </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Meeting, or (b) more than 50% of the outstanding Shares of the Fund.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">In the event a quorum is not present at the Meeting or a quorum is present but </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">sufficient votes to approve one or more proposals are not received with respect to the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Fund, the persons named as proxies may propose one or more adjournments of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Meeting to permit further solicitation of proxies. The persons named as proxies will </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">vote in favor of an adjournment those votes that may be voted in favor of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">proposal. The persons named as proxies will vote against any such adjournment those </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">votes marked against the proposal. The Meeting, whether or not a quorum is present, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">may be adjourned from time to time by the vote of a majority of the Shares </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">represented at the Meeting, either in person or by proxy, or by the chair of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Meeting, in his or her discretion. Abstentions and broker non-votes will not be voted </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">on a motion to adjourn. Any adjourned Meeting may be held within a reasonable </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">time after the date of the original Meeting without the necessity of a further notice. At </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">such adjourned Meeting at which a quorum is present, any business may be </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">transacted which might have been transacted at the Meeting as originally notified.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Any one or more proposals for which sufficient favorable votes have been received by </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the time of the Meeting may be acted upon and considered final regardless of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">whether the Meeting is adjourned to permit additional solicitation with respect to any </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">other proposal. In certain circumstances in which the Fund has received sufficient </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">votes to approve a matter being recommended for approval by the Board of Trustees </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">of the Fund (the &#8220;Board&#8221;), the Fund may request that brokers and nominees, in their </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">discretion, withdraw or withhold submission of broker non-votes in order to avoid the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">need for solicitation of additional votes in favor of a proposal.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">[Proxy Solicitor Name], the Fund&#8217;s proxy solicitor, will make proxy solicitations and will </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">receive compensation for seeking Shareholder votes and answering Shareholder </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">questions in an amount estimated to be [$xxx,xxx] with respect to the proposals </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">covered by this proxy statement. Funds Management or one of its affiliates will bear </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the costs associated with this proxy statement including the costs of preparing, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">printing, and mailing this proxy statement, soliciting proxies, and any costs related to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">adjournments, whether or not the Proposals are approved by Shareholders. The Fund </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">will not bear any portion of the costs of the Meeting. Proxy solicitations will be made </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">primarily by mail, but proxy solicitations may also be made by telephone, through the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Internet or personal solicitations conducted by officers and employees of Funds </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Management, its affiliates, or other representatives of the Fund (who will not be paid </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">for their soliciting activities).</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:10;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a name="chapter_2-sect1_3_6252"></a><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:11.424pt;"><b>PRINCIPAL HOLDERS OF FUND SHARES</b></font><hr color="#000000" width="100%" align="left" size="0.4"></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Shareholders of record at the close of business on </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">May 28 2021 (the &#8220;Record Date&#8221;) are </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">entitled to vote at the Meeting or any adjournment thereof to the extent set forth in </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">this proxy statement. Please see Exhibit A for information regarding the number of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Shares outstanding for the Fund as of the Record Date.</font></p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="right"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0 pt;">&#160;|&#160;</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>4</b></font>&#160;</p>
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         <p style="padding:0"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><a href="#TOC_6252" style="color:#0000FF;">Back To Table of Contents</a></FONT></p>
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      <div style="clear:both;width:139.4689352926012%;margin-top:10pt;margin-left:6.187161639597835%;"></div>
      <div style="clear:both;width:87.59989688063935%;margin-top:10pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Each Shareholder is entitled to one vote for each Share, and a fractional vote for each </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">fraction of a Share, as to any matter on which the Share is entitled to vote.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Please see Exhibit B for a list of persons reflected on the books and records of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Fund as owning beneficially or of record 5% or more of the outstanding Shares of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Fund as of the Record Date.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">As of the Record Date, the officers and Trustees of the Fund as a group beneficially </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">owned in the aggregate less than 1% of Shares of the Fund and less than 1% of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">outstanding securities of Wells Fargo, the parent company of Funds Management and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Wells Capital.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:10;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a name="chapter_2-sect1_4_6252"></a><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:11.424pt;"><b>INFORMATION ABOUT THE PROPOSALS </b></font><hr color="#000000" width="100%" align="left" size="0.4"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:11.424pt;"><b> </b></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">On February 23, 2021, Wells Fargo announced that it had entered into a definitive </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">agreement to sell WFAM to GTCR and Reverence Capital. WFAM is the trade name </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">used by the asset management businesses of Wells Fargo and includes Funds </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Management and Wells Capital.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Founded in 1980, GTCR is a leading private equity firm focused on investing in growth </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">companies in the Healthcare, Financial Services &amp; Technology, Technology, Media &amp; </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Telecommunications, and Growth Business Services Industries. The Chicago-based </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">firm pioneered The Leaders Strategy&#8482; &#8212; finding and partnering with management </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">leaders in core domains to identify, acquire, and build market-leading companies </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">through transformational acquisitions and organic growth. Since its inception, GTCR </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">has invested more than $20 billion in over 250 companies.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Reverence Capital is a private investment firm focused on thematic investing in </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">leading global, middle-market financial services businesses through control and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">influence-oriented investments in five sectors: (1) Depositories and Finance </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Companies, (2) Asset and Wealth Management, (3) Insurance, (4) Capital Markets and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(5) Financial Technology/Payments. The firm was founded in 2013 by Milton Berlinski, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Peter Aberg, and Alex Chulack, who collectively bring over 90 years of advisory and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">investing experience across a wide range of financial services sectors.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">In connection with the Transaction, GTCR and Reverence Capital created NewCo, a </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">new portfolio holdings company. In the Transaction, NewCo will acquire all of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">issued and outstanding equity interests of Wells Fargo Asset Management Holdings, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">LLC (&#8220;WFAM Holdings&#8221;), the direct parent company of Funds Management and Wells </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Capital. WFAM Holdings&#8217; ownership interest in Wells Capital will be transferred to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">NewCo at closing of the Transaction, but NewCo would transfer such ownership back </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">to WFAM Holdings after the Transaction. The Transaction is not expected to have a </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">material impact on the advisory business conducted by the Advisers. The current </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">portfolio manager(s) and investment teams of the Fund are expected to continue to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">manage the Fund with the same investment objective, investment strategies and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">policies. The Transaction will also not result in any change in investment objective or </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">principal investment strategy for the Fund, nor will it result in any change to the </font></p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">services provided to the Fund or to its fees and expenses. Following the closing of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Transaction, NewCo expects to announce a new name for each of WFAM Holdings, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Funds Management and Wells Capital. In connection with the name change to the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">legal entities, it is expected that the Fund will also change names. As previously noted, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">in connection with the Transaction, Wells Capital Management Incorporated is </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">expected to convert from a California corporation to a Delaware limited liability </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">company. The proposed New Sub-Advisory Agreement that you are being asked to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">approve is with the converted entity, Wells Capital Management, LLC.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Consummation of the Transaction will constitute a &#8220;change of control&#8221; under the 1940 </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Act with respect to the Advisers and will result in the automatic termination of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Fund&#8217;s investment advisory agreement with Funds Management and sub-advisory </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">agreement with Wells Capital. The Board approved the New Investment Advisory </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Agreement with Funds Management and the New Sub-Advisory Agreement with </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Wells Capital (the &#8220;New Agreements&#8221;) to replace the existing agreements that will </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">terminate upon the consummation of the Transaction. As such, Shareholders are </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">being asked to approve the New Agreements to replace the existing agreements that </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">will terminate upon the consummation of the Transaction. The Transaction is </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">expected to close in the second half of 2021, subject to customary closing conditions.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">The Board also approved interim investment advisory and sub-advisory agreements </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(the &#8220;Interim Agreements&#8221;) to permit continuity of management upon the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">consummation of the Transaction while the solicitation of Shareholder approval of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">New Agreements continue. The terms of the Interim Agreements are identical to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">those of the Current Investment Advisory Agreement and the Current Sub-Advisory </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Agreement (each as defined below) except for a change to the term and escrow </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">provisions required by applicable law. Each Interim Agreement will continue in effect </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">for a term ending on the earlier of 150 days from the closing of the Transaction (the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">&#8220;150-day period&#8221;) or when Shareholders of your Fund approve the corresponding </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">New Agreement. Under each Interim Agreement, all investment advisory or </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">sub-advisory fees, as applicable, will be held in an escrow account until Shareholders </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">approve the corresponding New Agreement. If Shareholders do not approve the New </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Investment Advisory Agreement and the New Sub-Advisory Agreement by the close </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">of the Transaction on which date the Current Investment Advisory Agreement and the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Current Sub-Advisory Agreement terminate, the Interim Agreements may be relied </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">upon to replace the Current Investment Advisory Agreement and the Current </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Sub-Advisory Agreement.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:6;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:11.424pt;">Proposal 1: Approval of New Investment Advisory Agreement </font><hr color="#000000" width="100%" align="left" size="0.4"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:11.424pt;"><b> </b></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">At their meeting on May 17-19th, 2021, the Board approved the New Investment </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Advisory Agreement. The New Investment Advisory Agreement will become effective </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">upon the closing of the Transaction, contingent upon Shareholder approval. The </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">terms of the New Investment Advisory Agreement are described generally below, but </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">this description is qualified entirely by reference to the Form of New Investment </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Advisory Agreement included in Exhibit C. The New Investment Advisory Agreement </font></p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">is substantially similar to the investment advisory agreement that is currently in effect </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(the &#8220;Current Investment Advisory Agreement&#8221;), and any key differences between the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Current Investment Advisory Agreement and the New Investment Advisory </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Agreement are outlined below.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><i>Duties of Investment Adviser</i></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. As with the Current Investment Advisory Agreement, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">under the New Investment Advisory Agreement, subject to the supervision of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Board, Funds Management manages the investment and reinvestment of the Fund&#8217;s </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">assets in conformity with its investment objective and restrictions, selects </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">broker-dealers for the Fund&#8217;s portfolio trades, maintains books and records as </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">required by applicable law, participates in class actions, votes proxies on behalf of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Fund, and makes regular reports to the Board regarding the Fund&#8217;s performance and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">other matters. The key differences between the Current Investment Advisory </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Agreement and the New Investment Advisory Agreement with respect to duties are </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">that the New Investment Advisory Agreement:</font></p>
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               <td valign="top" style="padding-bottom:0pt;padding-top:0pt;width:97%;padding-left:2pt;align:left;valign:top;"><font face="Arial, Helvetica, sans-serif" size="2"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">streamlines the provisions outlining the requirement that Funds Management </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">maintain certain books and records, although there are no changes to Funds </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Management&#8217;s substantive responsibilities;</font></font></td>
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         <p style="padding-left:0pt;padding-top:0pt;padding-bottom:5pt;margin:0;font-size:1pt;float:left;"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:3pt;">&#160;</font></p>
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               <td valign="top" style="color:#000000;padding-top:0pt;width:3%;padding-bottom:0pt;padding-left:0pt;text-align:left;valign:top;size:3;"><font face="Arial, Helvetica, sans-serif" size="3">&#9632;</font></td>
               <td valign="top" style="padding-bottom:0pt;padding-top:0pt;width:97%;padding-left:2pt;align:left;valign:top;"><font face="Arial, Helvetica, sans-serif" size="2"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">removes references to Wells Fargo and certain banking laws and regulations </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">applicable to Wells Fargo, and removes a provision permitting the use of the Wells </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Fargo name, as references to &#8220;Wells Fargo&#8221; in the name of the Fund and the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Advisers will be removed in connection with the Transaction;</font></font></td>
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               <td valign="top" style="color:#000000;padding-top:0pt;width:3%;padding-bottom:0pt;padding-left:0pt;text-align:left;valign:top;size:3;"><font face="Arial, Helvetica, sans-serif" size="3">&#9632;</font></td>
               <td valign="top" style="padding-bottom:0pt;padding-top:0pt;width:97%;padding-left:2pt;align:left;valign:top;"><font face="Arial, Helvetica, sans-serif" size="2"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">clarifies that, where the effect of a requirement of the 1940 Act reflected in any </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">provision of the New Investment Advisory Agreement is modified or interpreted by </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">any applicable order or orders of the SEC or any rules or regulations adopted by, or </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">interpretative releases of, the SEC thereunder, such provision will be deemed to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">incorporate the effect of such order, rule, regulation or interpretative release;</font></font></td>
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               <td valign="top" style="color:#000000;padding-top:0pt;width:3%;padding-bottom:0pt;padding-left:0pt;text-align:left;valign:top;size:3;"><font face="Arial, Helvetica, sans-serif" size="3">&#9632;</font></td>
               <td valign="top" style="padding-bottom:0pt;padding-top:0pt;width:97%;padding-left:2pt;align:left;valign:top;"><font face="Arial, Helvetica, sans-serif" size="2"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">obligates Funds Management to notify the Board of any material violation of any </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">requirement, provision, policy or restriction under the New Investment Advisory </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Agreement, while the Current Investment Advisory Agreement obligates Funds </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Management to notify the Board of all violations, not just material violations; and</font></font></td>
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               <td valign="top" style="color:#000000;padding-top:0pt;width:3%;padding-bottom:0pt;padding-left:0pt;text-align:left;valign:top;size:3;"><font face="Arial, Helvetica, sans-serif" size="3">&#9632;</font></td>
               <td valign="top" style="padding-bottom:0pt;padding-top:0pt;width:97%;padding-left:2pt;align:left;valign:top;"><font face="Arial, Helvetica, sans-serif" size="2"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">provides that Funds Management may delegate to sub-advisers, while the Current</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Investment Advisory Agreement provides that Funds Management will</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">delegate to sub-advisers.</font></font></td>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><i>Fees</i></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. For providing these services under the New Investment Advisory Agreement, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Funds Management would be entitled to receive an investment advisory fee based on </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Fund&#8217;s average daily total assets (defined as net assets of the Fund plus </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">borrowings or other leverage for investment purposes to the extent excluded in </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">calculating net assets), computed as of the close of business on each business day by </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">applying the annual rate indicated on Exhibit C. This fee rate is identical to the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">investment advisory fee rate set forth in the Current Investment Advisory Agreement. </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">As such, the investment advisory fee to be paid by the Fund to Funds Management </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">under the New Investment Advisory Agreement is the same as the investment </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">advisory fee paid by the Fund to Funds Management under the Current Investment </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Advisory Agreement.</font></p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0pt;"><b>7</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>&#160;|&#160;</b></font>&#160;</p>
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         <p style="padding:0"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><a href="#TOC_6252" style="color:#0000FF;">Back To Table of Contents</a></FONT></p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><i>Standard of Care</i></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. As with the Current Investment Advisory Agreement, the New </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Investment Advisory Agreement states that Funds Management will give the Fund </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the benefit of Funds Management&#8217;s best judgment and efforts in rendering its </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">services to the Fund, and provides that Funds Management will not liable for any </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">mistake in judgement and in the absence of willful misfeasance, bad faith, negligence </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">or reckless disregard of its obligations or duties, shall not be subject to liability to the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Fund or to any shareholders of the Fund for any act or omission in the course of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">rendering services, or for any losses that may be sustained in the purchase, holding or </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">sale of any security.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><i>Term and Termination</i></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. The term of the New Investment Advisory Agreement has been </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">updated to be effective for an initial two-year term upon Board and Shareholder </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">approval, and following this initial two-year term, will continue from year to year </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">thereafter so long as the continuance is approved by a vote of the Trustees, including </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">a separate vote of a majority of the independent Trustees. As with the Current </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Investment Advisory Agreement, the New Investment Advisory Agreement may be </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">terminated, without payment of any penalty, by Funds Management, by the Board, or </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">by a majority vote of the outstanding Shares of the Fund upon 60 days prior written </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">notice. As with the Current Investment Advisory Agreement, the New Investment </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Advisory Agreement will terminate automatically in the event of its &#8220;assignment&#8221; as </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">such term is defined in the 1940 Act.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><i>Other Information</i></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. Please refer to Exhibit D for the date on which the Current </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Investment Advisory Agreement was last approved by Shareholders of the Fund. The </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">date on which its continuance was last approved by the Trustees was May 19, 2021.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Please refer to Exhibit E for a list of Funds Management&#8217;s current principal executive </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">officers and directors.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:6;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:11.424pt;">Proposal 2: Approval of New Sub-Advisory Agreement</font><hr color="#000000" width="100%" align="left" size="0.4"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:11.424pt;"> </font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">At their meeting on May 17-19th, 2021, the Board approved the New Sub-Advisory </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Agreement with Wells Capital. The New Sub-Advisory Agreement will become </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">effective upon the closing of the Transaction, contingent upon Shareholder approval. </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">The terms of the New Sub-Advisory Agreement are described generally below, but </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">this description is qualified entirely by reference to the Form of New Sub-Advisory </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Agreement included in Exhibit F. The New Sub-Advisory Agreement is substantially </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">similar to the sub-advisory agreement with Wells Capital that is currently in effect (the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">&#8220;Current Sub-Advisory Agreement&#8221;), and there are no key differences between the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Current Sub-Advisory Agreement and the New Sub-Advisory Agreement other than </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">applicable conforming changes to the New Sub-Advisory Agreement to match those </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">described in the previous sub-section as key differences between the Current </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Investment Advisory Agreement and the New Investment Advisory Agreement.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><i>Duties of Sub-Adviser</i></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. As with the Current Sub-Advisory Agreement, under the New </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Sub-Advisory Agreement, subject to the direction and control of the Board, Wells </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Capital shall manage the investment and reinvestment of the assets of the Fund and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">shall provide management and other services in such manner and to such extent as </font></p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">may be directed from time to time by Funds Management, including maintaining </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">books and records relating to portfolio transactions and allocations of brokerage </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">orders as required by the 1940 Act, and reporting to the Board at each of its regular </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">meetings all material changes in the Fund since the prior report, as well as important </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">developments affecting the Fund or Wells Capital and any other such information as </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Wells Capital believes appropriate. In addition, the New Sub-Advisory Agreement </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">requires that Wells Capital furnish the Board and Funds Management with statistical </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">and analytical information regarding securities held by the Fund, on Wells Capital&#8217;s </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">own initiative or upon reasonable request by the Board or Funds Management, which </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">is the same information that Wells Capital is required to furnish under the Current </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Sub-Advisory Agreement.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">As with the Current Sub-Advisory Agreement, under the New Sub-Advisory </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Agreement Wells Capital would not be responsible for voting proxies or for </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">participating in class actions or other legal proceedings on behalf of the Fund but </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">would provide assistance as reasonably requested by Funds Management.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">The key differences between the Current Sub-Advisory Agreement and the New </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Sub-Advisory Agreement with respect to duties are that the New Sub-Advisory </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Agreement:</font></p>
         <p style="padding-left:0pt;padding-top:0pt;padding-bottom:5pt;margin:0;font-size:1pt;float:left;"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:3pt;">&#160;</font></p>
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               <td valign="top" style="padding-bottom:0pt;padding-top:0pt;width:97%;padding-left:2pt;align:left;valign:top;"><font face="Arial, Helvetica, sans-serif" size="2"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">streamlines the provisions outlining the requirement that Wells Capital maintain </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">certain books and records, although there are no changes to Wells Capital&#8217;s </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">substantive responsibilities;</font></font></td>
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               <td valign="top" style="padding-bottom:0pt;padding-top:0pt;width:97%;padding-left:2pt;align:left;valign:top;"><font face="Arial, Helvetica, sans-serif" size="2"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">removes references to Wells Fargo and certain banking laws and regulations </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">applicable to Wells Fargo, and removes the provision permitting the use of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Wells Fargo name, as references to &#8220;Wells Fargo&#8221; in the name of the Fund and the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Advisers will be removed in connection with the Transaction; and</font></font></td>
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         <p style="padding-left:0pt;padding-top:0pt;padding-bottom:5pt;margin:0;font-size:1pt;float:left;"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:3pt;">&#160;</font></p>
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               <td valign="top" style="color:#000000;padding-top:0pt;width:3%;padding-bottom:0pt;padding-left:0pt;text-align:left;valign:top;size:3;"><font face="Arial, Helvetica, sans-serif" size="3">&#9632;</font></td>
               <td valign="top" style="padding-bottom:0pt;padding-top:0pt;width:97%;padding-left:2pt;align:left;valign:top;"><font face="Arial, Helvetica, sans-serif" size="2"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">clarifies that, where the effect of a requirement of the 1940 Act reflected in any </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">provision of the New Sub-Advisory Agreement is modified or interpreted by any </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">applicable order or orders of the SEC or any rules or regulations adopted by, or </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">interpretative releases of, the SEC thereunder, such provision will be deemed to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">incorporate the effect of such order, rule, regulation or interpretative release.</font></font></td>
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               <td>&#160;</td>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><i>Fees</i></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. For providing these services under the New Sub-Advisory Agreement, Wells </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Capital would be entitled to receive a sub-advisory fee based on the Fund&#8217;s average </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">daily total assets (defined as net assets of the Fund plus borrowings or other leverage </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">for investment purposes to the extent excluded in calculating net assets), computed </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">as of the close of business on each business day by applying the annual rate indicated </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">on Exhibit F. This sub-advisory fee rate is identical to the sub-advisory fee rate set forth </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">in the Current Sub-Advisory Agreement. As such, the sub-advisory fee to be paid by </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Funds Management to Wells Capital under the New Sub-Advisory Agreement is the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">same as the sub-advisory fee paid by Funds Management to Wells Capital under the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Current Sub-Advisory Agreement. This sub-advisory fee is paid by Funds </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Management, not the Fund.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><i>Standard of Care</i></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. As with the Current Sub-Advisory Agreement, the New Sub-Advisory </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Agreement states that Wells Capital will give the Fund the benefit of Wells Capital&#8217;s </font></p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0pt;"><b>9</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>&#160;|&#160;</b></font>&#160;</p>
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         <p style="padding:0"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><a href="#TOC_6252" style="color:#0000FF;">Back To Table of Contents</a></FONT></p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">best judgment and efforts in rendering its services to the Fund, and provides that </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Wells Capital will not liable for any mistake in judgement and in the absence of willful </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">misfeasance, bad faith, negligence or reckless disregard of its obligations or duties, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">shall not be subject to liability to the Fund or to any shareholders of the Fund for any </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">act or omission in the course of rendering services, or for any losses that may be </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">sustained in the purchase, holding or sale of any security.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><i>Term and Termination</i></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. The term of the New Sub-Advisory Agreement has been </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">updated to be effective for an initial two-year term upon Board and Shareholder </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">approval, and following this initial two-year term, will continue from year to year </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">thereafter so long as the continuance is approved by a vote of the Trustees, including </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">a separate vote of a majority of the independent Trustees. As with the Current </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Sub-Advisory Agreement, the New Sub-Advisory Agreement may be terminated, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">without payment of any penalty, by Funds Management, by Wells Capital, by the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Board, or by a majority vote of the outstanding Shares of the Fund upon 60 days prior </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">written notice. As with the Current Sub-Advisory Agreement, the New Sub-Advisory </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Agreement will terminate automatically in the event of its &#8220;assignment&#8221; as such term </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">is defined in the 1940 Act.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><i>Other Information</i></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. Please refer to Exhibit F for the date on which the Fund&#8217;s Current </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Sub-Advisory Agreement was last approved by Shareholders. The date on which its </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">continuance was last approved by the Trustees was May 19, 2021.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Please refer to Exhibit H for a list of Wells Capital&#8217;s current principal executive officers </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">and directors.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:10;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a name="chapter_2-sect1_5_6252"></a><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:11.424pt;"><b>BOARD CONSIDERATIONS</b></font><hr color="#000000" width="100%" align="left" size="0.4"></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Overview of the Board Evaluation Process</b></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">At a meeting held on May 13, 17-19, 2021 (the &#8220;Board Meeting&#8221;), the Board approved </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the continuation of the Fund&#8217;s Current Investment Advisory Agreement and the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Current Sub-Advisory Agreement (collectively, the &#8220;Current Agreements&#8221;). Each </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Trustee on the Board is not an &#8220;interested person&#8221; (as defined in the 1940 Act) of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Fund (collectively, the &#8220;Independent Trustees&#8221;). The factors considered and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">conclusions reached by the Board in reviewing and approving the continuation of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Fund&#8217;s Current Agreements will be described in the Fund&#8217;s next shareholder report. </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Shareholders are </b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b><u style="0.5 #000000 solid baseline 0 1 0">not</u></b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b> being asked to approve the Current Agreements at the </b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>upcoming Meeting.</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"> The process followed by the Board in considering and approving </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the continuation of the Current Agreements is referred to herein as the &#8220;2021 Annual </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Approval Process.&#8221;</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">As noted above, the closing will result in a change of control of Funds Management </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">and Wells Capital, which will be considered to be an &#8220;assignment&#8221; of the Fund&#8217;s </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Current Agreements under the 1940 Act that will result in the automatic termination </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">of the Fund&#8217;s Current Agreements. In light of the expected termination of the Fund&#8217;s </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Current Agreements upon the closing, at the Board Meeting the Board also </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">considered and approved the New Agreements, which are: (i) the New Investment </font></p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Management Agreement between the Trust, on behalf of the Fund, and Funds </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Management; and (ii) the New Sub-Advisory Agreement among the Trust, on behalf </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">of the Fund, Funds Management and Wells Capital (the &#8220;Sub-Adviser&#8221;), each of which </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">is intended to go into effect upon the closing. </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Shareholders are being asked to </b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>approve the New Agreements at the upcoming Meeting.</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"> The process followed by </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Board in reviewing and approving the New Agreements is referred to herein as </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the &#8220;New Agreement Approval Process.&#8221;</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">At a series of meetings held in April and May 2021 (collectively, &#8220;April and May 2021 </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Meetings&#8221;) and at the Board Meeting, the Trustees conferred extensively among </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">themselves and with senior representatives of Funds Management, GTCR and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Reverence Capital about the New Agreements and related matters. The Board </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">reviewed and discussed information furnished by Funds Management, GTCR and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Reverence Capital that the Board considered reasonably necessary to evaluate the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">terms of the New Agreements and the services to be provided. At these meetings, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">senior representatives from Funds Management, GTCR and Reverence Capital made </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">presentations to, and responded to questions from, the Board.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">In providing information to the Board in connection with the 2021 Annual Approval </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Process and the New Agreement Approval Process, Funds Management, GTCR and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Reverence Capital (as applicable) were guided by requests for information submitted </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">by independent legal counsel on behalf of the Independent Trustees. In considering </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">and approving the New Agreements, the Trustees considered the information they </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">believed relevant, including but not limited to the information discussed herein. The </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Board considered not only the specific information presented in connection with the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">April and May 2021 Meetings as well as the Board Meeting, but also the knowledge </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">gained over time through interaction with Funds Management and the Sub-Adviser </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">about various topics. In this regard, the Board reviews reports of Funds Management </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">at each of its regular Board meetings, which includes, among other things, portfolio </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">reviews and investment performance reports. In addition, the Board confers with </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">portfolio managers at various times throughout the year. The Board was assisted in its </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">evaluation of the New Agreements by independent legal counsel, from whom the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Independent Trustees received separate legal advice and with whom the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Independent Trustees met separately. The Board did not identify any particular </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">information or consideration that was all-important or controlling, and each </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">individual Trustee may have attributed different weights to various factors.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Among other information considered by the Board in connection with the Transaction </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">was:</font></p>
         <p style="padding-left:0pt;padding-top:0pt;padding-bottom:5pt;margin:0;font-size:1pt;float:left;"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:3pt;">&#160;</font></p>
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               <td valign="top" style="padding-bottom:0pt;padding-top:0pt;width:97%;padding-left:2pt;align:left;valign:top;"><font face="Arial, Helvetica, sans-serif" size="2"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><i>Information regarding NewCo, GTCR and Reverence Capital</i></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">: (i) information about </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">NewCo, including information about its expected financial condition and access to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">capital, and senior leadership team; (ii) the experience of senior management at </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">GTCR and Reverence Capital in acquiring portfolio companies; (iii) the plan to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">operationalize NewCo, including the transition of necessary infrastructure services </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">through a transition services agreement with Wells Fargo under which Wells Fargo </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">will continue to provide NewCo with certain services for a specified period of time </font></font></td>
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               <td valign="top" style="padding-bottom:0pt;padding-top:0pt;width:97%;padding-left:2pt;align:left;valign:top;"><font face="Arial, Helvetica, sans-serif" size="2"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">after the closing; and (iv) information regarding regulatory matters, compliance, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">and risk management functions at NewCo, including resources to be dedicated </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">thereto.</font></font></td>
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               <td valign="top" style="padding-bottom:0pt;padding-top:0pt;width:97%;padding-left:2pt;align:left;valign:top;"><font face="Arial, Helvetica, sans-serif" size="2"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">I</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><i>mpact of the Transaction on WFAM and Service Providers</i></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">: (i) information regarding </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">any changes to personnel and/or other resources of the Advisers as a result of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Transaction, including assurances regarding comparable and competitive </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">compensation arrangements to attract and retain highly qualified personnel; and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(ii) information about the organizational and operating structure with respect to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">NewCo, the Advisers and the Fund.</font></font></td>
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               <td valign="top" style="padding-bottom:0pt;padding-top:0pt;width:97%;padding-left:2pt;align:left;valign:top;"><font face="Arial, Helvetica, sans-serif" size="2"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><i>Impact of the Transaction on the Fund and its Shareholders</i></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">: (i) information regarding </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">anticipated benefits to the Fund as a result of the Transaction; (ii) a commitment </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">that the Fund would not bear any expenses, directly or indirectly, in connection </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">with the Transaction; (iii) confirmation that the Advisers intend to continue to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">manage the Fund in a manner consistent with the Fund&#8217;s current investment </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">objectives and principal investments strategies; and (iv) a commitment that neither </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">NewCo nor WFAM will take any steps that would impose any &#8220;unfair burden&#8221; (as </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">that term is used in section 15(f)(1)(B) of the 1940 Act) on the Fund as a result of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Transaction.</font></font></td>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">With respect to the New Agreements, the Board considered: (i) a representation that, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">after the closing, all of the Fund will continue to be managed and advised by their </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">current Advisers, and that the same portfolio managers of the Sub-Adviser are </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">expected to continue to manage the Fund after the Transaction; (ii) information </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">regarding the terms of the New Agreements, including changes as compared to the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Current Agreements, which are summarized above in the Section titled </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><i>Information </i></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><i>about the Proposals</i></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">; (iii) information confirming that the fee rates payable under the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">New Agreements will not increase as a result of the Transaction as compared to the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">rates under the Current Agreements; and (iv) assurances that the Transaction is not </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">expected to cause any diminution with respect to the nature, extent and quality of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">any of the services currently provided to the Fund by the Advisers as a result of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Transaction.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">In addition to considering information furnished specifically to evaluate the impact of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Transaction on the Fund and their respective shareholders in connection with the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">New Agreement Approval Process, the Board considered information furnished at </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">prior meetings of the Board and its committees, including detailed information </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">provided in connection with the 2021 Annual Approval Process. In this regard, in </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">connection with the 2021 Annual Approval Process, the Board received information </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">about complex-wide and individual Fund performance, fees and expenses, including: </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(i) a report from an independent data provider comparing the investment </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">performance of the Fund to the investment performance of comparable funds and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">benchmark indices, over various time periods; (ii) a report from an independent data </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">provider comparing the Fund&#8217;s total expense ratio (and its components) to those of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">comparable funds; (iii) comparative information concerning the fees charged and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">services provided by the Advisers to the Fund in managing other accounts (which </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">may include other mutual funds, collective investment funds and institutional </font></p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">accounts), if any, that employ investment strategies and techniques similar to those </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">used in managing such Fund(s); and (iv) profitability analyses of Funds Management, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">as well as the profitability of both WFAM and Wells Fargo from providing services to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the fund family as a whole.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">After its deliberations, the Board unanimously determined that the compensation </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">payable to Funds Management and the Sub-Adviser under the New Agreements is </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">reasonable, approved the New Agreements for a two-year term, and voted to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">recommend that Fund shareholders approve the New Agreements at the Meeting. </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">The Board considered the approval of the New Agreements as part of its </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">consideration of agreements for funds across the complex, but its approvals were </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">made on a fund-by-fund basis. The following summarizes a number of important, but </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">not necessarily all, factors considered by the Board in support of its approvals.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b><i><u style="0.5 #000000 solid baseline 0 1 0">Nature, Extent and Quality of Services</u></i></b></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">In connection with the 2021 Annual Approval Process, the Board received and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">considered various information regarding the nature, extent and quality of services </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">provided to the Fund by Funds Management and the Sub-Adviser under the Advisory </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Agreements. This information included, among other things, a summary of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">background and experience of senior management of WFAM, of which Funds </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Management and the Sub-Adviser are a part, and a summary of investments made in </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the business of WFAM. The Board also received a description of Funds Management&#8217;s </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">and the Sub-Adviser&#8217;s business continuity plans, including a summary of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">performance of such plans and any changes thereto during the COVID-19 pandemic, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">and of their approaches to data privacy and cybersecurity.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">The Board considered the additional services provided to the Fund due to the fact </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">that the Fund is a closed-end fund, including, but not limited to, leverage </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">management and monitoring, evaluating, and, where appropriate, making </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">recommendations with respect to the Fund&#8217;s trading discount, share repurchase </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">program, managed distribution program, and distribution rates, as well as </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">shareholder relations activities</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">In connection with the 2021 Annual Approval Process, the Board also considered the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">qualifications, background, tenure and responsibilities of each of the portfolio </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">managers primarily responsible for the day-to-day portfolio management of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Funds. The Board evaluated the ability of Funds Management and the Sub-Adviser to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">attract and retain qualified investment professionals, including research, advisory and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">supervisory personnel.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">In connection with the 2021 Annual Approval Process, the Board further considered </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the compliance programs and compliance records of Funds Management and the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Sub-Adviser. In addition, the Board took into account the full range of services </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">provided to the Fund by Funds Management and its affiliates.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">In connection with the New Agreement Approval Process, the Board considered, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">among other information, the structure of the Transaction and expected impact, if </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">any, of the Transaction on the operations, facilities, organization and personnel of the </font></p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0pt;"><b>13</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>&#160;|&#160;</b></font>&#160;</p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Advisers. The Board received assurances from the Advisers that the Fund will continue </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">to be advised by its current Advisers after the closing, and that the same individual </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">portfolio managers are expected to continue to manage the Funds after the closing. </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">With respect to the recruitment and retention of key personnel, the Board noted </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">information from GTCR, Reverence Capital and the Advisers regarding the potential </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">benefits for employees of joining NewCo. The Board recognized that the personnel </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">who had been extended offers may not accept such offers and personnel changes </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">may occur in the future in the ordinary course.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">In addition, the Board considered information regarding the infrastructure, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">operational capabilities and support staff in place to assist in the portfolio </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">management and operations of the Funds, including the provision of administrative </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">services, and the anticipated impact of the Transaction on such matters. The Board </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">also considered the business-related and other risks to which the Advisers may be </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">subject in managing the Funds and in connection with the Transaction. The Board </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">also considered the transition and integration plans as a result of the change in </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">ownership of the Advisers from Wells Fargo to NewCo. The Board considered the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">resources and infrastructure that NewCo intends to devote to its compliance program </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">to ensure compliance with applicable laws and regulations, as well as its risk </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">management program and cybersecurity program. The Board also took into account </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">assurances received from the Advisers, GTCR and Reverence Capital that the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Transaction is not expected to cause any diminution in the nature, extent and quality </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">of services provided by the Advisers to the Funds and their shareholders.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b><u style="0.5 #000000 solid baseline 0 1 0">Fund Investment Performance and Expenses</u></b></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">In connection with the 2021 Annual Approval Process, the Board considered the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">investment performance results for the Fund over various time periods ended </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">December 31, 2020. The Board considered these results in comparison to the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">investment performance of funds in a universe that was determined by Broadridge </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Inc. (&#8220;Broadridge&#8221;) to be similar to the Fund (the &#8220;Universe&#8221;), and in comparison to the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Fund&#8217;s benchmark index and to other comparative data. Broadridge is an </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">independent provider of investment company data. The Board received a description </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">of the methodology used by Broadridge to select the mutual funds in the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">performance Universe. Where applicable, the Board received information concerning, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">and discussed factors contributing to, underperformance of Funds relative to the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Universe and benchmark for any underperformance periods.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">In connection with the 2021 Annual Approval Process, the Board also received and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">considered information regarding the Fund&#8217;s net operating expense ratio and its </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">various components, including actual management fees, custodian and other </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">non-management fees. The Board considered this ratio in comparison to the median </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">ratio of funds in an expense group that was determined by Broadridge to be similar to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Fund (the &#8220;Group&#8221;). The Board received a description of the methodology used by </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Broadridge to select the mutual funds in the expense Group and an explanation of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">how funds comprising expense groups and their expense ratios may vary from </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">year-to-year.</font></p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="right"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0 pt;">&#160;|&#160;</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>14</b></font>&#160;</p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">In connection with the New Agreement Approval Process, the Board received a </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">commitment that WFAM will maintain fee and expense commitments for at least two </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">years after the closing. The Board took into account the Fund&#8217;s investment </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">performance and expense information among the factors considered in deciding to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">approve the New Agreements.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b><u style="0.5 #000000 solid baseline 0 1 0">Investment Advisory and Sub-Advisory Fee Rates</u></b></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">In connection with the 2021 Annual Approval Process, the Board reviewed and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">considered the contractual fee rate payable by the Fund to Funds Management under </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Current Investment Advisory Agreement, both on a stand-alone basis and on a </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">combined basis with the Fund&#8217;s contractual administration fee rate (the &#8220;Management </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Rate&#8221;).The Board also reviewed and considered the contractual investment </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">sub-advisory fee rate that is payable by Funds Management to the Sub-Adviser under </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Current Sub-Advisory Agreement for investment sub-advisory services (the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">&#8220;Sub-Advisory Fee Rate&#8221;).</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Among other information reviewed by the Board in connection with the 2021 Annual </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Approval Process, was a comparison of the Fund&#8217;s Management Rate with those of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">other funds in the expense Group at a common asset level.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">In connection with the 2021 Annual Approval Process, the Board also received and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">considered information about the portion of the total advisory fee that was retained </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">by Funds Management after payment of the Sub-Advisory Fee Rate. In assessing the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">reasonableness of this amount, the Board received and evaluated information about </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the nature and extent of responsibilities retained and risks assumed by Funds </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Management and not delegated to or assumed by the Sub-Adviser, and about Funds </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Management&#8217;s on-going oversight services. Given the affiliation between Funds </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Management and the Sub-Adviser, the Board ascribed limited relevance to the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">allocation of fees between them.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">In connection with the 2021 Annual Approval Process, the Board also received and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">considered information about the nature and extent of services offered and fee rates </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">charged by Funds Management and the Sub-Adviser to other types of clients, if any, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">with investment strategies similar to those of the Fund. In this regard, the Board </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">received information about the significantly greater scope of services, and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">compliance, reporting and other legal burdens and risks of managing proprietary </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">mutual funds compared with those associated with managing assets of other types of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">clients, including third-party sub-advised fund clients and non-mutual fund clients </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">such as institutional separate accounts.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">In connection with the New Agreement Approval Process, the Board noted the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">assurances received by it that there would be no increases to any of the Management </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Rate or the Sub-Advisory Fee Rate as a result of the Transaction. The Board also </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">considered that the New Agreements do not change the computation method for </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">calculating such fees, and there is no present intention to reduce expense waiver and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">reimbursement arrangements that are currently in effect. Based on its consideration </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">of the factors and information it deemed relevant, including those described here, the </font></p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0pt;"><b>15</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>&#160;|&#160;</b></font>&#160;</p>
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      <div style="clear:both;width:87.59989688063935%;margin-top:10pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Board determined that the compensation payable to Funds Management under the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">New Management Agreement and to the Sub-Adviser under the New Sub-Advisory </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Agreement was reasonable.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b><u style="0.5 #000000 solid baseline 0 1 0">Profitability</u></b></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">In connection with the 2021 Annual Approval Process, the Board received and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">considered information concerning the profitability of Funds Management, as well as </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the profitability of both WFAM and Wells Fargo from providing services to the fund </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">family as a whole. The Board noted that the Sub-Adviser&#8217;s profitability information </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">with respect to providing services to the Fund and other funds in the family was </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">subsumed in the WFAM and Wells Fargo profitability analysis.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Funds Management reported on the methodologies and estimates used in </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">calculating profitability in connection with the 2021 Annual Approval Process, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">including a description of the methodology used to allocate certain expenses. Among </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">other things, the Board noted that the levels of profitability reported on a </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">fund-by-fund basis varied widely, depending on factors such as the size, type and age </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">of fund.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">In connection with the New Agreement Approval Process, the Board received certain </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">information about NewCo&#8217;s projected financial condition, and reviewed with senior </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">representatives of Funds Management, GTCR and Reverence Capital the underlying </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">assumptions on which such information was based. The Board considered that </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">NewCo is a newly formed entity, with no historical operations, revenues or expenses, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">and that it is difficult to predict with any degree of certainty the future profitability of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">NewCo and the Advisers from advisory activities under the New Agreements. The </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Board considered that the fee rates payable under the New Agreements will not </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">increase as a result of the Transaction as compared to the rates under the Current </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Agreements, and that the current contractual expense limitations applicable to the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Fund will not increase. The Board noted that if the New Agreements are approved by </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">shareholders and the Transaction closes, the Board will have the opportunity in the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">future to review the profitability of NewCo and the Advisers from advisory activities </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">under the New Agreements.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b><u style="0.5 #000000 solid baseline 0 1 0">Economies of Scale</u></b></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">In connection with the 2021 Annual Approval Process, the Board received and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">considered information about the potential for Funds Management to experience </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">economies of scale in the provision of management services to the Funds, the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">difficulties of calculating economies of scale at an individual fund level, and the extent </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">to which potential scale benefits are shared with Fund shareholders. The Board noted </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">that the Fund is not engaged in a continuous offering that could help its assets grow, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">and that, as is typical of closed-end funds, there are no breakpoints in the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Management Rate. Although the Fund would not share in any potential economies of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">scale through contractual breakpoints, the Board noted that Funds Management </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">shares potential economies of scale from its management business in a variety of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">ways, including through fee waiver and expense reimbursement arrangements, </font></p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="right"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0 pt;">&#160;|&#160;</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>16</b></font>&#160;</p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">services that benefit shareholders, competitive management fee rates set at the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">outset without regard to breakpoints, and investments in the business intended to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">enhance services available to shareholders.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">In connection with the New Agreement Approval Process, the Board noted that </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">NewCo and the Advisers may benefit from possible growth of the Funds resulting </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">from enhanced distribution capabilities. However, the Board noted that other factors </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">could also affect the potential for economies of scale, and that it was not possible to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">quantify any potential future economies of scale. However, based upon the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">information furnished to the Board in connection with the 2021 Annual Approval </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Process and the New Agreement Approval Process, the Board concluded that Funds </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Management&#8217;s arrangements with respect to the Fund constituted a reasonable </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">approach to sharing potential economies of scale with the Fund and its shareholders.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b><i><u style="0.5 #000000 solid baseline 0 1 0">&#8220;Fall-Out&#8221; Benefits to Funds Management and the Sub-Adviser</u></i></b></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">In connection with the 2021 Annual Approval Process, the Board received and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">considered information regarding potential &#8220;fall-out&#8221; or ancillary benefits received by </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Funds Management and its affiliates, including the Sub-Adviser, as a result of their </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">relationships with the Funds. Ancillary benefits could include, among others, benefits </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">directly attributable to other relationships with the Funds and benefits potentially </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">derived from an increase in Funds Management&#8217;s and the Sub-Adviser&#8217;s business as a </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">result of their relationships with the Funds. The Board noted that various current </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">affiliates of Funds Management may receive distribution-related fees, shareholder </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">servicing payments and sub-transfer agency fees in respect of shares sold or held </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">through them and services provided.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">In connection with the 2021 Annual Approval Process, the Board also reviewed </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">information about soft dollar credits earned and utilized by the Sub-Adviser, fees </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">earned by Funds Management and the Sub-Adviser from managing a private </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">investment vehicle for the fund family&#8217;s securities lending collateral, and commissions </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">earned by an affiliated broker of Wells Fargo from portfolio transactions.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">In connection with the New Agreement Approval Process, the Board received </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">information to the effect that the Transaction is not expected to have a material </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">impact on the fall-out benefits currently realized by Funds Management and its </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">affiliates, including the Sub-Adviser. The information reviewed by the Board also </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">noted that several of the ancillary benefits identified for WFAM would be potential </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">ancillary benefits for NewCo, including that the scale and reputation of the Funds </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">might benefit NewCo&#8217;s broader reputation, product initiatives, technology investment </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">and talent acquisition. Based on its consideration of the factors and information it </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">deemed relevant, including those described here, the Board did not find that any </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">ancillary benefits expected to be received by Funds Management and its affiliates, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">including NewCo and the Sub-Adviser, under the New Agreements were </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">unreasonable.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b><u style="0.5 #000000 solid baseline 0 1 0">Conclusion</u></b></font></p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0pt;"><b>17</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>&#160;|&#160;</b></font>&#160;</p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">At the Board Meeting, after considering the above-described factors and based on its </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">deliberations and its evaluation of the information described above, the Board </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">unanimously determined that the compensation payable to Funds Management and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Sub-Adviser under the New Agreements is reasonable, approved the New </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Agreements for a two-year term, and voted to recommend that Fund shareholders </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">approve the New Agreements at the Meeting.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:10;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a name="chapter_2-sect1_6_6252"></a><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:11.424pt;"><b>SECTION 15(F) OF THE 1940 ACT</b></font><br><hr color="#000000" width="100%" align="left" size="0.4"></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Section 15(f) of the 1940 Act provides a non-exclusive &#8220;safe harbor&#8221; for an investment </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">company&#8217;s adviser or any affiliated persons of the adviser to receive any amount or </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">benefit in connection with a change of control of the investment adviser if two </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">conditions are met. First, for a period of three years after the change of control, at </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">least 75% of the investment company&#8217;s trustees must not be interested persons of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">adviser or of the predecessor adviser. Second, there must not be any &#8220;unfair burden&#8221; </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">imposed on the investment company as a result of the transaction or any express or </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">implied terms, conditions or understandings relating to the transaction.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">&#8220;Unfair burden&#8221; includes any arrangement during the two year period after the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">transaction in which the adviser or predecessor adviser (or any interested person of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">them) receives or is entitled to receive any compensation, directly or indirectly, from </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the investment company or its security holders, other than fees for bona fide </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">investment advisory or other services, or from any person in connection with the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">purchase or sale of securities or other property to, from or on behalf of the investment </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">company, other than bona fide ordinary compensation as principal underwriter of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">investment company. Funds Management has informed the Board that neither it, nor </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">GTCR or Reverence Capital, after reasonable inquiry, is aware of any express or implied </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">term, condition, understanding or any arrangement that would impose an &#8220;unfair </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">burden&#8221; on the Fund as a result of the Transaction. Representatives of Funds </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Management have committed that the Fund will not bear the burden of expenses </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">relating to the Transaction, including the costs of this proxy solicitation.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:10;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a name="chapter_2-sect1_7_6252"></a><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:11.424pt;"><b>SERVICE PROVIDERS</b></font><hr color="#000000" width="100%" align="left" size="0.4"></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><i>Investment Adviser.</i></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"> Funds Management currently serves as the Fund&#8217;s investment </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">adviser. Funds Management is currently an indirect, wholly owned subsidiary of Wells </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Fargo. The principal business address of Funds Management is 525 Market Street, San </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Francisco, California 94105. After the close of the Transaction, Funds Management will </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">be a wholly-owned subsidiary of NewCo, which in turn will be a subsidiary of GTCR </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">and Reverence Capital. Please refer to Exhibit I for the investment advisory fees paid </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">and waived during the Fund&#8217;s most recent fiscal year.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><i>Sub-Adviser.</i></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"> Wells Capital currently serves as the Fund&#8217;s sub-adviser. Wells Capital is an </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">indirect, wholly owned subsidiary of Wells Fargo. The principal business address of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Wells Capital is 525 Market Street, San Francisco, California 94105. In connection with </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Transaction, Wells Capital Management Incorporated is expected to convert from </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">a California corporation to a Delaware limited liability company. After the close of the </font></p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="right"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0 pt;">&#160;|&#160;</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>18</b></font>&#160;</p>
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         <p style="margin: 0pt">&#160;</p>
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         <p style="padding:0"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><a href="#TOC_6252" style="color:#0000FF;">Back To Table of Contents</a></FONT></p>
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      <div style="clear:both;width:87.59989688063935%;margin-top:10pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Transaction, Wells Capital will be a wholly-owned subsidiary of NewCo, which in turn </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">will be a subsidiary of GTCR and Reverence Capital.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><i>Brokerage Commissions to Affiliates.</i></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"> For the latest fiscal year, the Fund did not pay any </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">brokerage commissions to affiliates.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">There will be no changes to the Fund&#8217;s other service providers in connection with the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Transaction.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:10;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a name="chapter_2-sect1_8_6252"></a><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:11.424pt;"><b>OTHER BUSINESS</b></font><hr color="#000000" width="100%" align="left" size="0.4"></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">As of the date of this proxy statement, neither the Fund&#8217;s officers nor Funds </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Management are aware of any other business to come before the Meeting other than </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">as set forth in the Notice of Special Meeting of Shareholders. If any other business is </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">properly brought before the Meeting, or any adjournment thereof, the persons </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">named as proxies in the enclosed proxy card will vote in accordance with the views of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">management of the Fund.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:10;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a name="chapter_2-sect1_9_6252"></a><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:11.424pt;"><b>REQUIRED VOTE FOR EACH PROPOSAL</b></font><hr color="#000000" width="100%" align="left" size="0.4"></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">With respect to the Fund, approval of each proposal requires the affirmative vote of a </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">majority of the outstanding voting securities of the Fund as defined in the 1940 Act. </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">The 1940 Act defines the vote of a majority of the outstanding voting securities of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Fund to mean the affirmative vote of the lesser of (a) 67% or more of the Shares of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Fund present at the Meeting, if more than 50% of the outstanding Shares of the Fund </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">are present in person or represented by proxy at the Meeting, or (b) more than 50% of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the outstanding Shares of the Fund.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:10;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a name="chapter_2-sect1_10_6252"></a><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:11.424pt;"><b>ANNUAL AND SEMI-ANNUAL REPORTS</b></font><hr color="#000000" width="100%" align="left" size="0.4"></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">The Fund&#8217;s annual and semi-annual reports contain additional information about the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Fund and are available upon request, without charge, by writing to Wells Fargo Funds, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">P.O. Box 219967, Kansas City, MO 64121-9967, by calling 1.800.222.8222 or by visiting </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Wells Fargo Funds website at www.wfam.com.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:9;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a name="chapter_2-sect1_11_6252"></a><font style="text-transform:uppercase;"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:11.424pt;text-transform:uppercase;"><b>Shareholder Proposals</b></font></font><br><hr color="#000000" width="100%" align="left" size="0.4"></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:6;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">The only matters to be considered and voted upon at the Meeting are those discussed </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">herein. Shareholders may introduce proposals at the Fund&#8217;s annual meeting </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">scheduled to be held in 2022. Proposals intended to be presented by a Shareholder at </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the annual meeting of Shareholders to be held in 2021 must be received by the Fund&#8217;s </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Secretary at the Fund&#8217;s principal executive office by July 2, 2021 in order to be </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">considered for inclusion in the Fund&#8217;s proxy statement and proxy card relating to that </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">meeting pursuant to Rule 14a-8 under the Exchange Act. If a Shareholder wishes to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">present a proposal at the annual meeting of Shareholders to be held in 2021 without </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">having the proposal included in the Fund&#8217;s proxy statement, including a proposal to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">nominate any persons for election to the Board, such proposal must be delivered to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Fund&#8217;s Secretary at the Fund&#8217;s principal executive office not earlier than the close </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">of business on July 2, 2021 and not later than the close of business on August 1, 2021. </font></p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0pt;"><b>19</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>&#160;|&#160;</b></font>&#160;</p>
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         <p style="margin: 0pt">&#160;</p>
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         <p style="padding:0"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><a href="#TOC_6252" style="color:#0000FF;">Back To Table of Contents</a></FONT></p>
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      <div style="clear:both;width:139.4689352926012%;margin-top:10pt;margin-left:6.187161639597835%;"></div>
      <div style="clear:both;width:87.59989688063935%;margin-top:10pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Timely receipt or delivery of a proposal does not necessarily mean that such proposal </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">will be included in the Fund&#8217;s proxy statement or presented at the meeting, given that </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">such inclusion and presentation are subject to various conditions and requirements, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">including those specified by applicable law and by the Fund&#8217;s governing documents. </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">The Chair of the meeting may refuse to acknowledge a nomination or other proposal </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">by a Shareholder that is not made in the manner described above.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>THE BOARD OF TRUSTEES OF </b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>WELLS FARGO UTILITIES AND HIGH INCOME FUND </b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>UNANIMOUSLY RECOMMENDS THAT YOU VOTE IN FAVOR OF THE NEW </b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>INVESTMENT ADVISORY AGREEMENT AND THE NEW SUB-ADVISORY </b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>AGREEMENT.</b></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">By Order of the Board of Trustees of the Fund,</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Catherine F. Kennedy, Secretary</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">June XX, 2021</font></p>
      </div>
      <div style="clear:both;width:87.59989688063935%;margin-top:14pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="right"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0 pt;">&#160;|&#160;</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>20</b></font>&#160;</p>
      </div>
      <div style="clear:both;float:left;margin-top:0pt; margin-bottom:0pt;width:100%;"><hr style="clear:both;float:left;size:3;color:#999999;width:100%;margin-top:6pt;"></div>
      <div style="clear:both;page-break-before: always; margin-top: 6pt; margin-bottom: 12pt;width:100%;">
         <p style="margin: 0pt">&#160;</p>
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      <div style="clear:both;float:left;width:95%;margin-left:2%;margin-bottom:10pt;margin-top:5pt;margin-right:2%;">
         <p style="padding:0"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><a href="#TOC_6252" style="color:#0000FF;">Back To Table of Contents</a></FONT></p>
      </div>
      <div style="clear:both;width:139.4689352926012%;margin-top:10pt;margin-left:6.187161639597835%;"></div>
      <div style="clear:both;width:87.59989688063935%;margin-top:10pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:9;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a name="chapter_2-sect1_12_6252"></a><font style="text-transform:uppercase;"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:12.024pt;text-transform:uppercase;"><b>INSTRUCTIONS FOR EXECUTING PROXY CARD</b></font></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:6;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">The following general rules for signing proxy cards may be of assistance to you and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">may help to avoid the time and expense involved in validating your vote if you fail to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">sign your proxy card properly.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">1. INDIVIDUAL ACCOUNTS: Sign your name exactly as it appears in the Registration on </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the proxy card.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">2. JOINT ACCOUNTS: Either party may sign, but the name of the party signing should </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">conform exactly to a name shown in the Registration on the proxy card. </font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">3. ALL OTHER ACCOUNTS: The capacity of the individual signing the proxy card should </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">be indicated unless it is reflected in the form of Registration. For example:</font></p>
         <table width="100%" cellspacing="0" style="width:100%;cellspacing:0;padding:0;margin-top:4pt;margin-bottom:0pt;margin-left:0;margin-right:0;">
            <tr style="height:1px;"><td style="height:1px;" width="100%"></td></tr>
         </table>
         <table width="100%" cellspacing="0" style="width:100%;cellspacing:0;padding-bottom:2pt;padding-top:0pt;margin-left:0pt;">
            <tr style="height:1px;">
               <td style="height:1px;" width="60%"></td>
               <td style="height:1px;" width="39.99999999999999%"></td>
            </tr>
            <tr>
               <td align="left" valign="top" colspan="1" style="border-bottom:0.9pt solid #000000;vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:6pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>CORPORATE ACCOUNTS REGISTRATION</b></font></p>
               </td>
               <td align="left" valign="top" colspan="1" style="border-bottom:0.9pt solid #000000;vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>VALID SIGNATURE</b></font></p>
               </td>
            </tr>
            <tr>
               <td align="left" valign="top" colspan="1" style="vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:6pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font style="padding-left:0pt;"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(1) ABC Corp.</font></font></p>
               </td>
               <td align="left" valign="top" colspan="1" style="vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">ABC Corp.</font></p>
               </td>
            </tr>
            <tr>
               <td align="left" valign="top" colspan="1" style="vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:6pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font style="padding-left:0pt;"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(2) ABC Corp.</font></font></p>
               </td>
               <td align="left" valign="top" colspan="1" style="vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">John Doe, Treasurer</font></p>
               </td>
            </tr>
            <tr>
               <td align="left" valign="top" colspan="1" style="vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:6pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font style="padding-left:0pt;"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(3) ABC Corp. c/o John Doe, Treasurer</font></font></p>
               </td>
               <td align="left" valign="top" colspan="1" style="vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">John Doe</font></p>
               </td>
            </tr>
            <tr>
               <td align="left" valign="top" colspan="1" style="border-bottom:0.9pt solid #000000;vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:6pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font style="padding-left:0pt;"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(4) ABC Corp. Profit Sharing Plan</font></font></p>
               </td>
               <td align="left" valign="top" colspan="1" style="border-bottom:0.9pt solid #000000;vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">John Doe, Trustee</font></p>
               </td>
            </tr>
            <tr>
               <td align="left" valign="top" colspan="1" style="border-bottom:0.9pt solid #000000;vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:6pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>TRUST ACCOUNTS REGISTRATION</b></font></p>
               </td>
               <td align="left" valign="top" colspan="1" style="border-bottom:0.9pt solid #000000;vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"></p>
               </td>
            </tr>
            <tr>
               <td align="left" valign="top" colspan="1" style="vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:6pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font style="padding-left:0pt;"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(1) ABC Trust</font></font></p>
               </td>
               <td align="left" valign="top" colspan="1" style="vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Jane B. Doe, Trustee</font></p>
               </td>
            </tr>
            <tr>
               <td align="left" valign="top" colspan="1" style="border-bottom:0.9pt solid #000000;vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:6pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font style="padding-left:0pt;"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(2) Jane B. Doe, Trustee u/t/d 12/28/78</font></font></p>
               </td>
               <td align="left" valign="top" colspan="1" style="border-bottom:0.9pt solid #000000;vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Jane B. Doe, Trustee</font></p>
               </td>
            </tr>
            <tr>
               <td align="left" valign="top" colspan="1" style="border-bottom:0.9pt solid #000000;vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:6pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>CUSTODIAL OR ESTATE ACCOUNTS </b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>REGISTRATION</b></font></p>
               </td>
               <td align="left" valign="top" colspan="1" style="border-bottom:0.9pt solid #000000;vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"></p>
               </td>
            </tr>
            <tr>
               <td align="left" valign="top" colspan="1" style="vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:6pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font style="padding-left:0pt;"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(1) John B. Smith, Cust. f/b/o John B. Smith, Jr. </font></font><font style="padding-left:0pt;"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">UGMA</font></font></p>
               </td>
               <td align="left" valign="top" colspan="1" style="vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">John B. Smith</font></p>
               </td>
            </tr>
            <tr>
               <td align="left" valign="top" colspan="1" style="vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:6pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font style="padding-left:0pt;"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(2) John B. Smith</font></font></p>
               </td>
               <td align="left" valign="top" colspan="1" style="vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">John B. Smith, Jr., Executor</font></p>
               </td>
            </tr>
         </table>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:12;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">After completing your proxy card, return it in the enclosed postage-paid envelope.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>OTHER WAYS TO VOTE YOUR PROXY</b></font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>(Certain of the options outlined below may not be available to all Shareholders. </b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Please consult your proxy card for a list of the voting methods that are available </b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>to you).</b></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">VOTE BY TELEPHONE:</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">1. Read the prospectus/proxy statement and have your proxy card at hand.</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">2. Call the toll-free number on your proxy card.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">VOTE BY INTERNET:</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">1. Read the prospectus/proxy statement and have your proxy card at hand.</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">2. Go to the Web site indicated on your proxy card and follow the voting instructions.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">The Internet and telephone voting procedures are designed to authenticate </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Shareholder identities, to allow Shareholders to give their voting instructions, and to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">confirm that Shareholders&#8217; instructions have been recorded properly. Please note that, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">although there is no charge to you for voting by telephone or electronically through </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Internet associated with this prospectus/proxy statement, there may be costs </font></p>
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      <div style="clear:both;width:87.59989688063935%;margin-top:14pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0pt;"><b>21</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>&#160;|&#160;</b></font>&#160;</p>
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      <div style="clear:both;float:left;margin-top:0pt; margin-bottom:0pt;width:100%;"><hr style="clear:both;float:left;size:3;color:#999999;width:100%;margin-top:6pt;"></div>
      <div style="clear:both;page-break-before: always; margin-top: 6pt; margin-bottom: 12pt;width:100%;">
         <p style="margin: 0pt">&#160;</p>
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      <div style="clear:both;float:left;width:95%;margin-left:2%;margin-bottom:10pt;margin-top:5pt;margin-right:2%;">
         <p style="padding:0"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><a href="#TOC_6252" style="color:#0000FF;">Back To Table of Contents</a></FONT></p>
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      <div style="clear:both;width:139.4689352926012%;margin-top:10pt;margin-left:6.187161639597835%;"></div>
      <div style="clear:both;width:87.59989688063935%;margin-top:10pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">associated with electronic access, such as usage charges from Internet service </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">providers and telephone companies, that must be borne by the Shareholders.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Voting by telephone or Internet is generally available 24 hours a day. Do not mail the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">proxy card if you are voting by telephone or Internet. If you have any questions about </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">voting, please call </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">[Proxy Solicitor Name]</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">, our proxy solicitor, at </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">[Proxy Solicitor Phone] </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(toll free).</font></p>
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      <div style="clear:both;width:87.59989688063935%;margin-top:14pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="right"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0 pt;">&#160;|&#160;</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>22</b></font>&#160;</p>
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      <div style="clear:both;float:left;margin-top:0pt; margin-bottom:0pt;width:100%;"><hr style="clear:both;float:left;size:3;color:#999999;width:100%;margin-top:6pt;"></div>
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         <p style="margin: 0pt">&#160;</p>
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      <div style="clear:both;float:left;width:95%;margin-left:2%;margin-bottom:10pt;margin-top:5pt;margin-right:2%;">
         <p style="padding:0"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><a href="#TOC_6252" style="color:#0000FF;">Back To Table of Contents</a></FONT></p>
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      <div style="clear:both;width:139.4689352926012%;margin-top:10pt;margin-left:6.187161639597835%;"></div>
      <div style="clear:both;width:87.59989688063935%;margin-top:10pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:4;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a name="chapter_3_6252"></a><a name="chapter_3-sect1_1_6252"></a><font style="text-transform:uppercase;"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:12.024pt;text-transform:uppercase;"><b>EXHIBIT A</b></font></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font style="text-transform:uppercase;"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:12.024pt;text-transform:uppercase;"><b>Number of Shares Outstanding as of the Record Date</b></font></font></p>
         <table width="100%" cellspacing="0" style="width:100%;cellspacing:0;padding:0;margin-top:4pt;margin-bottom:0pt;margin-left:0;margin-right:0;">
            <tr style="height:1px;"><td style="height:1px;" width="100%"></td></tr>
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               <td style="height:1px;" width="91.3007651559741%"></td>
               <td style="height:1px;" width="8.699234844025897%"></td>
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            <tr>
               <td align="left" valign="bottom" colspan="1" style="border-bottom:1.5pt solid #7F7F7F;vertical-align:bottom;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;"><b>Fund</b></font></p>
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               <td align="center" valign="bottom" colspan="1" style="border-bottom:1.5pt solid #7F7F7F;vertical-align:bottom;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;"><b>Shares </b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;"><b>Outstanding</b></font></p>
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            </tr>
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               <td align="left" valign="top" colspan="1" style="vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">Wells Fargo Utilities &amp; High Income Fund</font></p>
               </td>
               <td align="center" valign="top" colspan="1" style="vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"></p>
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      <div style="clear:both;width:87.59989688063935%;margin-top:14pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0pt;"><b>A-1</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>&#160;|&#160;</b></font>&#160;</p>
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      <div style="clear:both;float:left;margin-top:0pt; margin-bottom:0pt;width:100%;"><hr style="clear:both;float:left;size:3;color:#999999;width:100%;margin-top:6pt;"></div>
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         <p style="margin: 0pt">&#160;</p>
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      <div style="clear:both;float:left;width:95%;margin-left:2%;margin-bottom:10pt;margin-top:5pt;margin-right:2%;">
         <p style="padding:0"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><a href="#TOC_6252" style="color:#0000FF;">Back To Table of Contents</a></FONT></p>
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      <div style="clear:both;width:139.4689352926012%;margin-top:10pt;margin-left:6.187161639597835%;"></div>
      <div style="clear:both;width:87.59989688063935%;margin-top:10pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:6;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a name="chapter_3-sect1_2_6252"></a><font style="text-transform:uppercase;"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:12.024pt;text-transform:uppercase;"><b>EXHIBIT B</b></font></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font style="text-transform:uppercase;"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:12.024pt;text-transform:uppercase;"><b>Principal Holders of Fund Shares</b></font></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:6;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">As of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">May 28 2021, the Depository Trust Company owned of record approximately </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">100% of the outstanding Shares. No other person is reflected on the books and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">records of the Fund as owning beneficially 5% or more of the outstanding Shares of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">any class of the Fund as of [Record Date]. However, the entities listed below have </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">made filings with the Securities and Exchange Commission (&#8220;SEC&#8221;) disclosing their </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">ownership of beneficial interests in the outstanding shares of the Fund in the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">amounts set forth opposite their names below. The filings are available at the SEC&#8217;s </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Web site (www.sec.gov).</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">[Table(s) to be added.]</font></p>
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      <div style="clear:both;width:87.59989688063935%;margin-top:14pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0pt;"><b>B-1</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>&#160;|&#160;</b></font>&#160;</p>
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      <div style="clear:both;float:left;margin-top:0pt; margin-bottom:0pt;width:100%;"><hr style="clear:both;float:left;size:3;color:#999999;width:100%;margin-top:6pt;"></div>
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         <p style="margin: 0pt">&#160;</p>
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      <div style="clear:both;float:left;width:95%;margin-left:2%;margin-bottom:10pt;margin-top:5pt;margin-right:2%;">
         <p style="padding:0"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><a href="#TOC_6252" style="color:#0000FF;">Back To Table of Contents</a></FONT></p>
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      <div style="clear:both;width:139.4689352926012%;margin-top:10pt;margin-left:6.187161639597835%;"></div>
      <div style="clear:both;width:87.59989688063935%;margin-top:10pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:9;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a name="chapter_3-sect1_3_6252"></a><font style="text-transform:uppercase;"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:12.024pt;text-transform:uppercase;"><b>EXHIBIT C</b></font></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:6;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:11.424pt;"><b>Form Of New Investment Advisory Agreement</b></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">This </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>INVESTMENT ADVISORY AGREEMENT</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"> (this &#8220;Agreement&#8221;) is made as of this [ ] </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">day of [ ] 2021, among Wells Fargo Utilities And High Income Fund (the &#8220;Fund&#8221;), a </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">statutory trust organized under the laws of the State of Delaware with its principal </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">place of business at 525 Market Street, 12th Floor, San Francisco, California 94105 and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Wells Fargo Funds Management, LLC (the &#8220;Adviser&#8221;), a limited liability company </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">organized under the laws of the State of Delaware with its principal place of business </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">at 525 Market Street, 12th Floor, San Francisco, California 94105.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>WHEREAS</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">, the Fund is registered under the Investment Company Act of 1940, as </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">amended (the &#8220;1940 Act&#8221;), as a closed-end management investment company;</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>WHEREAS</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">, the Adviser is an investment adviser registered with the Securities and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Exchange Commission (the &#8220;Commission&#8221;) as such under the Investment Advisers Act </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">of 1940, as amended (the &#8220;Advisers Act&#8221;); and</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>WHEREAS</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">, the Fund desires that the Adviser provide investment advisory services to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Fund, and the Adviser is willing to provide those services on the terms and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">conditions set forth in this Agreement;</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>NOW THEREFORE</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">, the Fund and the Adviser agree as follows:</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 1. Appointment of the Adviser</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. The Fund is engaged in the business of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">investing and reinvesting its assets in securities of the type and in accordance with </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the limitations specified in its Declaration of Trust, as amended and supplemented </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">from time to time, By-Laws (if any) and one or more of its Registration Statement(s) </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">filed with the Commission under the 1940 Act and the Securities Act of 1933 (the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">&#8220;Securities Act&#8221;), including any representations made in the prospectus and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">statement of additional information relating to the Fund contained therein and as </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">may be amended or supplemented from time to time, all in such manner and to such </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">extent as may from time to time be authorized by the Fund&#8217;s Board of Trustees (the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">&#8220;Board&#8221;).</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">The investment authority granted to the Adviser shall include the authority to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">exercise whatever powers the Fund may possess with respect to any of its assets held </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">by the Fund, including, but not limited to, the power to exercise rights, options, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">warrants, conversion privileges, redemption privileges, and to tender securities </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">pursuant to a tender offer, and participate in class actions and other legal proceedings </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">on behalf of the Fund.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">The Fund hereby appoints the Adviser, subject to the direction and control of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Board, to manage the investment and reinvestment of the assets in the Fund and, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">without limiting the generality of the foregoing, to provide the other services </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">specified in Section 2 hereof.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 2. Duties of the Adviser.</b></font></p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0pt;"><b>C-1</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>&#160;|&#160;</b></font>&#160;</p>
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         <p style="margin: 0pt">&#160;</p>
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         <p style="padding:0"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><a href="#TOC_6252" style="color:#0000FF;">Back To Table of Contents</a></FONT></p>
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      <div style="clear:both;width:139.4689352926012%;margin-top:10pt;margin-left:6.187161639597835%;"></div>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(a) The Adviser shall make decisions with respect to all purchases and sales of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">securities and other investment assets for the Fund. Among other things, the Adviser </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">shall make all decisions with respect to the allocation of the Fund&#8217;s investments in </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">various securities or other assets, in investment styles and, if applicable, in other </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">investment companies or pooled vehicles in which the Fund may invest. To carry out </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">such decisions, the Adviser is hereby authorized, as agent and attorney-in-fact for the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Fund, for the account of, at the risk of and in the name of the Fund, to place orders </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">and issue instructions with respect to those transactions of the Fund. In all purchases, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">sales and other transactions in securities for the Fund, the Adviser is authorized to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">exercise full discretion and act for the Fund in the same manner and with the same </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">force and effect as the Fund might or could do with respect to such purchases, sales </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">or other transactions, as well as with respect to all other things necessary or incidental </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">to the furtherance or conduct of such purchases, sales or other transactions.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(b) The Adviser will report to the Board at each regular meeting thereof regarding the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">investment performance of the Fund since the prior report, and will also keep the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Board informed of important developments affecting the Fund and the Adviser, and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">on its own initiative will furnish the Board from time to time with such information as </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Adviser may believe appropriate, whether concerning the individual companies </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">whose securities are held by the Fund, the industries in which they engage, or the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">economic, social or political conditions prevailing in each country in which the Fund </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">maintains investments. The Adviser will also furnish the Board with such statistical and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">analytical information with respect to securities in the Fund as the Adviser may </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">believe appropriate or as the Board reasonably may request.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">The Adviser shall promptly notify the Fund of (i) any changes regarding the Adviser </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">that would impact disclosure in the Fund&#8217;s Registration Statement(s), or (ii) any </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">material violation of any requirement, provision, policy or restriction that the Adviser </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">is required to comply with under Section 6 of this Agreement. The Adviser shall </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">immediately notify the Fund of any legal process served upon it in connection with its </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">activities hereunder, including any legal process served upon it on behalf of the Fund.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(c) The Adviser may from time to time employ or sub-contract the services to certain </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">persons as the Adviser believes to be appropriate or necessary to assist in the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">execution of the Adviser&#8217;s duties hereunder; provided, however, that the employment </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">or sub-contracting with any such person shall not relieve the Adviser of its </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">responsibilities or liabilities hereunder and provided further that the Adviser shall not </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">have the authority to sub-contract advisory responsibilities without the consent of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Fund. The cost of performance of such duties will be borne and paid by the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Adviser. No obligation may be imposed on the Fund in any such respect.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">The Adviser shall supervise and monitor the activities of its representatives, personnel, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">sub-contractors, and agents in connection with the execution of its duties and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">obligations hereunder. The appropriate personnel of the Adviser will be made </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">available to consult with the Board at reasonable times and upon reasonable notice </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">concerning the business of the Fund.</font></p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="right"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0 pt;">&#160;|&#160;</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>C-2</b></font>&#160;</p>
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         <p style="padding:0"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><a href="#TOC_6252" style="color:#0000FF;">Back To Table of Contents</a></FONT></p>
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      <div style="clear:both;width:87.59989688063935%;margin-top:10pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 3. Delivery of Documents to the Adviser.</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"> The Fund has furnished the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Adviser with true, correct and complete copies of the following documents:</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(a) The Declaration of Trust, as in effect on the date hereof;</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(b) The Registration Statement(s) filed with the Commission under the 1940 Act and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Securities Act; and</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(c) Written guidelines, policies and procedures adopted by the Fund.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">The Fund will furnish the Adviser with all future amendments and supplements to the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">foregoing as soon as practicable after such documents become available. The Fund </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">shall furnish the Adviser with any further documents, materials or information that </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Adviser may reasonably request in connection with the performance of its duties </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">hereunder.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 4. Delegation of Responsibilities</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. The Adviser may carry out any of its </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">obligations under this Agreement by employing, subject to supervision by the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Adviser, one or more sub-adviser(s) who are registered as investment advisers </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">pursuant to the Investment Advisers Act of 1940 (&#8220;Sub-Advisers&#8221;). Each Sub-Adviser&#8217;s </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">employment will be evidenced by a separate written agreement approved by the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Board and, if required, receiving any other approvals required under the 1940 Act </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(unless the Commission or its staff has given or issued authorization, relief, guidance, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">or interpretation dispensing with any such requirement). The Adviser shall not be </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">liable hereunder for any act or omission of any Sub-Adviser, except for failure to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">exercise good faith in the employment of the Sub-Adviser and for failure to exercise </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">appropriate supervision of such Sub-Adviser, and as may otherwise be agreed in </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">writing. The Adviser shall be solely responsible for compensating any Sub-Adviser for </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">services rendered under any Sub- Advisory Agreement. The Adviser may, from time to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">time and at any time, terminate any Sub-Advisory Agreement and reassume the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">responsibilities assigned to such Sub-Adviser with respect to any Fund without </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">obtaining the approval of the shareholders of the Fund.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 5. Control by Board</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. Any investment advisory activities undertaken by the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Adviser pursuant to this Agreement, as well as any other activities undertaken by the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Adviser on behalf of the Fund, shall at all times be subject to the direction and control </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">of the Board.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 6. Compliance with Applicable Requirements</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. In carrying out its </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">obligations under this Agreement, the Adviser shall at all times comply with:</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(a) all applicable provisions of the 1940 Act, the Advisers Act and any rules and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">regulations adopted thereunder;</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(b) the Registration Statement(s) of the Fund, as it or they may be amended from time </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">to time (including any information transmitted to shareholders pursuant to Rule </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">8b-16 under the 1940 Act), filed with the Commission under the Securities Act and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the 1940 Act;</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(c) the provisions of the Declaration of Trust of the Fund, as it may be amended from </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">time to time;</font></p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0pt;"><b>C-3</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>&#160;|&#160;</b></font>&#160;</p>
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         <p style="margin: 0pt">&#160;</p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(d) the provisions of the Internal Revenue Code of 1986, as amended, applicable to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Fund, and any rules and regulations adopted thereunder; and</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(e) any other applicable provisions of state or federal law, and any rules and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">regulations adopted thereunder.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 7. Proxies</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. The Adviser shall have responsibility to vote proxies solicited with </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">respect to issuers of securities in which assets of the Fund are invested in accordance </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">with the Fund&#8217;s policies on proxy voting.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 8. Broker-Dealer Relationships</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. In connection with the purchase and sale of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">securities for the Fund, the Adviser is responsible for broker-dealer selection and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">negotiation of brokerage commission rates. The Adviser&#8217;s primary consideration in </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">effecting a security transaction will be to seek the best price and execution. In </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">selecting a broker-dealer to execute each particular transaction for the Fund, the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Adviser will consider among other things: the best net price available, the reliability, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">integrity and financial condition of the broker-dealer; the size of and difficulty in </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">executing the order; the value of the expected contribution of the broker- dealer to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Fund on a continuing basis; and any applicable policies and procedures approved </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">by the Board. Accordingly, the price to the Fund in any transaction may be less </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">favorable than that available from another broker-dealer if the difference is </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">reasonably justified by other aspects of the portfolio execution services offered. </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Subject to such policies as the Board may from time to time determine, the Adviser </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">shall not be deemed to have acted unlawfully or to have breached any duty created </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">by this Agreement or otherwise solely by reason of having caused the Fund to pay a </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">broker or dealer that provides brokerage and research services to the Adviser an </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">amount of commission for effecting a portfolio investment transaction in excess of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the amount of commission another broker or dealer would have charged for effecting </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">that transaction, if the Adviser determines in good faith that such amount of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">commission was reasonable in relation to the value of the brokerage, research and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">other services provided by such broker or dealer, viewed in terms of either that </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">particular transaction or the overall responsibilities of the Adviser with respect to the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Fund and to other clients of the Adviser. The Adviser is further authorized to allocate </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the orders placed by it on behalf of the Fund to brokers and dealers who also provide </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">brokerage and research services within the meaning of Section 28(e) of the Securities </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Exchange Act of 1934 and in compliance therewith. Such allocation shall be in such </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">amounts and proportions as the Adviser shall determine and the Adviser will report </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">on said allocations regularly to the Board, indicating the brokers to whom such </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">allocations have been made and the basis therefore.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 9. Expenses</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. All of the ordinary business expenses incurred in the operations </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">of the Fund and the offering of its securities shall be borne by the Fund unless </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">specifically provided otherwise in this Agreement or otherwise agreed by the Adviser </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">and the Fund. The expenses borne by the Fund include, but are not limited to, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">brokerage commissions, taxes, legal, auditing or governmental fees, the cost of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">preparing share certificates, custodian, transfer agent and registrar costs, all stock </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">exchange listing expenses, expense of issue, sale, and repurchase of securities, </font></p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="right"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0 pt;">&#160;|&#160;</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>C-4</b></font>&#160;</p>
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      <div style="clear:both;width:87.59989688063935%;margin-top:10pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">expenses of registering and qualifying shares for sale, expenses relating to trustees </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">and shareholder meetings, the cost of preparing and distributing reports, notices to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Fund shareholders, the fees and other expenses incurred by the Fund in connection </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">with membership in investment company organizations and the cost of making </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">prospectuses and statements of additional information available to the Fund&#8217;s </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">shareholders.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">The Adviser shall pay its own expenses in connection with the services to be provided </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">by it pursuant to this Agreement and shall, at its own expense, provide its own office </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">space, facilities and equipment. In addition, the Adviser shall be responsible for </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">reasonable out- of-pocket costs and expenses incurred by the Fund: (a) to prepare </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">press releases or to amend the Fund&#8217;s registration statement or supplement the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Fund&#8217;s prospectus, and circulate the same, to reflect a change in the personnel of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Adviser responsible for making investment decisions in relation to the Fund; (b) to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">obtain approval required by the 1940 Act of a new sub-advisory agreement as a result </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">of a &#8220;change in control&#8221; (as such term in defined in Section 2(a)(9) of the 1940 Act) of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Adviser, if required pursuant to the 1940 Act, the Securities Act, or any other </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">applicable statute, law, rule or regulation, as a result of such change; or (c) to meet </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">other legal or regulatory obligations caused by actions of the Adviser.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 10. Compensation.</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"> As compensation for the advisory services provided </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">under this Agreement, the Fund shall pay the Adviser fees at the annual rates </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">indicated on Schedule A hereto, as such Schedule may be amended or supplemented </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">from time to time.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 11. Standard of Care</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. The Fund will expect of the Adviser, and the Adviser </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">will give the Fund the benefit of, the Adviser&#8217;s best judgment and efforts in rendering </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">its services to the Fund, and the Adviser shall not be liable hereunder for any mistake </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">in judgment. In the absence of willful misfeasance, bad faith, negligence or reckless </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">disregard of obligations or duties hereunder on the part of the Adviser or any of its </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">officers, directors, employees or agents, the Adviser shall not be subject to liability to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Fund or to any other person for any act or omission in the course of, or connected </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">with, rendering services hereunder or for any losses that may be sustained in the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">purchase, holding or sale of any security.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 12. Non-Exclusivity</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. The services of the Adviser to the Fund are not to be </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">deemed to be exclusive, and the Adviser shall be free to render investment advisory </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">or other services to others (including other investment companies) and to engage in </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">other activities. It is understood and agreed that officers or directors of the Adviser </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">may serve as officers and directors of the Fund, and that officers or directors of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Fund may serve as officers or directors of the Adviser, to the extent that such services </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">may be permitted by law, and that the officers and directors of the Adviser are not </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">prohibited from engaging in any other business activity or from rendering services to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">any other person, or from serving as partners, officers, directors or trustees of any </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">other firm or trust, including other investment advisory companies.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">The Adviser may include the Fund in its representative client list.</font></p>
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      <div style="clear:both;width:87.59989688063935%;margin-top:14pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0pt;"><b>C-5</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>&#160;|&#160;</b></font>&#160;</p>
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         <p style="margin: 0pt">&#160;</p>
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         <p style="padding:0"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><a href="#TOC_6252" style="color:#0000FF;">Back To Table of Contents</a></FONT></p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 13. Records</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. The Adviser shall prepare and maintain, or cause to be prepared </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">and maintained, in such form, for such periods and in such locations as may be </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">required by applicable law, all documents and records relating to the services </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">provided by the Adviser pursuant to this Agreement required to be prepared and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">maintained by the Fund pursuant to the rules and regulations of any national, state, or </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">local government entity with jurisdiction over the Fund, including the Commission </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">and the Internal Revenue Service. The Adviser shall maintain records relating to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">portfolio transactions and the placing and allocation of brokerage orders, including </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">with respect to orders the Adviser places for the purchase and sale of portfolio </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">securities of the Fund, as are required to be maintained by the Fund under the 1940 </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Act, as well as such records as the Fund&#8217;s administrator reasonably requests to be </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">maintained, including, but not limited to, trade tickets and confirmations for portfolio </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">trades. All such records shall be maintained in a form acceptable to the Fund and in </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">compliance with the provisions of Rule 31a-1 or any successor rule. The books and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">records pertaining to the Fund which are in possession of the Adviser shall be the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">property of the Fund. The Fund, or the Fund&#8217;s authorized representative, shall have </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">access to such books and records at all times during the Adviser&#8217;s normal business </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">hours. Upon the reasonable request of the Fund, copies of any such books and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">records shall be provided promptly by the Adviser to the Fund or the Fund&#8217;s </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">authorized representatives.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 14. Term and Approval</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. This Agreement shall become effective with respect </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">to the Fund for an initial two-year term after being approved in accordance with the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">requirements of the 1940 Act, and executed by the Adviser and the Fund, and shall </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">thereafter continue from year to year, provided that the continuation of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Agreement is specifically approved in accordance with the requirements of the 1940 </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Act, which currently requires that the continuation be approved at least annually:</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(a) by the Board, or by the vote of &#8220;a majority of the outstanding voting securities&#8221; of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Fund (as defined in Section 2(a)(42) of the 1940 Act), and</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(b) by the affirmative vote of a majority of the Fund&#8217;s Trustees who are not parties to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">this Agreement or &#8220;interested persons&#8221; (as defined in the 1940 Act) of a party to this </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Agreement (other than as Trustees of the Fund), by votes cast in person at a meeting </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">specifically called for such purpose.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 15. Termination</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. As required under the 1940 Act, this Agreement may be </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">terminated with respect to the Fund at any time, without the payment of any penalty, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">by vote of the Board or by vote of a majority of the Fund&#8217;s outstanding voting </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">securities, or by the Adviser, on sixty (60) days&#8217; written notice to the other party. The </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">notice provided for herein may be waived by the party entitled to receipt thereof. This </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Agreement shall automatically terminate in the event of its assignment, the term </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">&#8220;assignment&#8221; for purposes of this paragraph having the meaning defined in Section </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">2(a)(4) of the 1940 Act, as it may be interpreted by the Commission or its staff in </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">interpretive releases, or by the Commission staff in no-action letters issued under the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">1940 Act.</font></p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="right"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0 pt;">&#160;|&#160;</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>C-6</b></font>&#160;</p>
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         <p style="margin: 0pt">&#160;</p>
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      <div style="clear:both;width:87.59989688063935%;margin-top:10pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">This Agreement may also be terminated immediately by the Fund or the Adviser in </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the event that either party (i) breaches a material term of this Agreement; or (ii) </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">commits a material violation of any governing law or regulation; or (iii) engages in </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">conduct that would have a material adverse effect upon the reputation or business </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">prospects of such other party.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 16. Indemnification by the Adviser</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. The Fund shall not be responsible for, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">and the Adviser shall indemnify and hold the Fund or any Fund harmless from and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">against, any and all losses, damages, costs, charges, counsel fees, payments, expenses </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">and liability arising out of or attributable to the willful misfeasance, bad faith, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">negligent acts or reckless disregard of obligations or duties on the part of the Adviser </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">or any of its officers, directors, employees or agents.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 17. Indemnification by the Fund</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. In the absence of willful misfeasance, bad </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">faith, negligence or reckless disregard of duties hereunder on the part of the Adviser </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">or any of its officers, directors, employees or agents, the Fund hereby agrees to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">indemnify and hold harmless the Adviser against all claims, actions, suits or </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">proceedings at law or in equity whether brought by a private party or a governmental </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">department, commission, board, bureau, agency or instrumentality of any kind, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">arising from the advertising, solicitation, sale, purchase or pledge of securities, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">whether of the Fund or other securities, undertaken by the Fund, its officers, directors, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">employees or affiliates, resulting from any violations of the securities laws, rules, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">regulations, statutes and codes, whether federal or of any state, by the Fund, its </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">officers, directors, employees or affiliates.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 18. Notices</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. Each party giving or making any notice, request, demand or </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">other communication (each, a &#8220;Notice&#8221;) pursuant to this Agreement must give the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Notice in writing and use one of the following methods of delivery: personal delivery, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">U.S. mail, internationally recognized overnight courier (with all fees prepaid), facsimile </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">or e-mail. Any party giving a Notice shall address the Notice to the appropriate Person </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">at the receiving party at the address listed below or to another address as designated </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">by a party in a Notice pursuant to this Clause:</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">If to the Trust:</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">525 Market Street, 12th Floor</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">San Francisco, California, 94105</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">If to the Adviser:</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">525 Market Street, 12th Floor</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">San Francisco, California, 94105</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 19. Questions of Interpretation</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. Any question of interpretation of any term </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">or provision of this Agreement having a counterpart in or otherwise derived from a </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">term or provision of the 1940 Act shall be resolved by reference to such terms or </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">provision of the 1940 Act and to interpretations thereof, if any, by the United States </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Courts or in the absence of any controlling decision of any such court, by rules, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">regulations or orders of the Commission, interpretations of the Commission or its </font></p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0pt;"><b>C-7</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>&#160;|&#160;</b></font>&#160;</p>
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         <p style="margin: 0pt">&#160;</p>
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         <p style="padding:0"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><a href="#TOC_6252" style="color:#0000FF;">Back To Table of Contents</a></FONT></p>
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      <div style="clear:both;width:87.59989688063935%;margin-top:10pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">staff, or Commission staff no-action letters, issued pursuant to the 1940 Act. In </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">addition, where the effect of a requirement of the 1940 Act reflected in any provision </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">of this Agreement is modified or interpreted by any applicable order or orders of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Commission or any rules or regulations adopted by, or interpretative releases of, the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Commission thereunder, such provision will be deemed to incorporate the effect of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">such order, rule, regulation or interpretative release. The duties and obligations of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">parties under this Agreement shall be governed by and construed in accordance with </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the laws of the State of Delaware to the extent that state law is not preempted by the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">provisions of any law of the United States heretofore or hereafter enacted.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 20. Amendment of this Agreement</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. No provision of this Agreement may be </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">amended, changed, waived, discharged or terminated orally, but only by an </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">instrument in writing signed by the party against which enforcement of the change, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">waiver, discharge or termination is sought. No amendment shall become effective </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">until approved in accordance with applicable requirements under the 1940 Act.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 21. Risk Acknowledgement</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. The Adviser does not guarantee the future </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">performance of the Fund or any specific level of performance, the success of any </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">investment decision or strategy that the Adviser may use, or the success of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Adviser&#8217;s overall management of the Fund. The Fund understands that investment </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">decisions made for the Fund by the Adviser are subject to various market, currency, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">economic and business risks, and that those investment decisions will not always be </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">profitable. The Adviser will manage only the securities, cash and other investments for </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">which management responsibility is delegated to it and which are held in the Fund&#8217;s </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">account(s) and, in making investment decisions for the Fund, the Adviser will not </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">consider any other securities, cash or other investments owned by the Fund.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 22. No Third Party Beneficiaries</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. Nothing in this Agreement shall be </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">deemed to confer on any person other than the parties hereto any benefits, rights, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">remedies, obligations or liabilities under or by reason of this Agreement. No person </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">shall be deemed to be a third-party beneficiary of this Agreement.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 23. Miscellaneous.</b></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(a) If any term or provision of this Agreement or the application thereof to any person </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">or circumstance is held to be invalid or unenforceable to any extent, the remainder of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">this Agreement or the application of such provision to other persons or circumstances </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">shall not be affected thereby and shall be enforced to the fullest extent permitted by </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">law.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(b) This Agreement may be executed by the parties hereto in any number of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">counterparts, and all of said counterparts taken together shall be deemed to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">constitute one and the same instrument.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">in duplicate by their respective officers on the day and year first written above.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">WELLS FARGO UTILITIES AND HIGH INCOME FUND</font></p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="right"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0 pt;">&#160;|&#160;</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>C-8</b></font>&#160;</p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">By:</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Name:</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Title:</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">WELLS FARGO FUNDS MANAGEMENT, LLC</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">By:</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Name:</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Title:</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="center"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>SCHEDULE A</b></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="center"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>WELLS FARGO FUNDS MANAGEMENT, LLC</b></font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>INVESTMENT ADVISORY AGREEMENT</b></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">As compensation for the Adviser&#8217;s services to the Fund during the period of this </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Agreement, the Fund will pay to the Adviser a fee at the annual rate of 0.50% of its </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">average daily total assets (defined as net assets of the Fund plus borrowings or other </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">leverage for investment purposes to the extent excluded in calculating net assets).</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">The Adviser&#8217;s fee is computed as of the close of business on each business day.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Approved as of [ ], 2021</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">The foregoing fee schedule is agreed to as of [ ], 2021 and shall remain in effect until </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">changed in writing by the parties.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">WELLS FARGO UTILITIES AND HIGH INCOME FUND</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">By: Name:</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Title:</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">WELLS FARGO FUNDS MANAGEMENT, LLC</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">By: Name:</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Title:</font></p>
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      <div style="clear:both;width:87.59989688063935%;margin-top:14pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0pt;"><b>C-9</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>&#160;|&#160;</b></font>&#160;</p>
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         <p style="margin: 0pt">&#160;</p>
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      <div style="clear:both;width:87.59989688063935%;margin-top:10pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:9;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a name="chapter_3-sect1_4_6252"></a><font style="text-transform:uppercase;"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:12.024pt;text-transform:uppercase;"><b>EXHIBIT D</b></font></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:6;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:12.024pt;"><b>Date of Last Shareholder Approval of Current Investment Management </b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:12.024pt;"><b>Agreement </b></font></p>
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            <tr style="height:1px;"><td style="height:1px;" width="100%"></td></tr>
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            <tr style="height:1px;">
               <td style="height:1px;" width="79.99999999999999%"></td>
               <td style="height:1px;" width="19.999999999999996%"></td>
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            <tr>
               <td align="left" valign="bottom" colspan="1" style="border-bottom:1.5pt solid #7F7F7F;vertical-align:bottom;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;"><b>Fund</b></font></p>
               </td>
               <td align="center" valign="bottom" colspan="1" style="border-bottom:1.5pt solid #7F7F7F;vertical-align:bottom;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;"><b>Date of Last </b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;"><b>Shareholder </b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;"><b>Approval</b></font></p>
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               <td align="left" valign="top" colspan="1" style="vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">Wells Fargo Utilities &amp; High Income Fund</font></p>
               </td>
               <td align="center" valign="top" colspan="1" style="vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">July 9, 2010</font></p>
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      <div style="clear:both;width:87.59989688063935%;margin-top:14pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0pt;"><b>D-1</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>&#160;|&#160;</b></font>&#160;</p>
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         <p style="margin: 0pt">&#160;</p>
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      <div style="clear:both;width:139.4689352926012%;margin-top:10pt;margin-left:6.187161639597835%;"></div>
      <div style="clear:both;width:87.59989688063935%;margin-top:10pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a name="chapter_3-sect1_5_6252"></a><font style="text-transform:uppercase;"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:12.024pt;text-transform:uppercase;"><b>EXHIBIT E</b></font></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:6;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:12.024pt;"><b>Current Funds Management Officers and Directors</b></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">The name and principal occupation of Funds Management&#8217;s principal executive </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">officers and directors as of the date of this proxy statement are set forth below. The </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">business address of each such officer and/or director is 525 Market Street, San </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Francisco, California 94105.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Robert Guerin, Senior Vice President and Chief Compliance Officer</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Paul Haast, Senior Vice President, Head of Product Development and External </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Investments, and Manager</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Molly McMillin, Chief Financial Officer</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Andrew Owen, President, CEO and Manager</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Michelle Rhee, Secretary</font></p>
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      <div style="clear:both;width:87.59989688063935%;margin-top:14pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0pt;"><b>E-1</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>&#160;|&#160;</b></font>&#160;</p>
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         <p style="margin: 0pt">&#160;</p>
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      <div style="clear:both;width:87.59989688063935%;margin-top:10pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:9;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a name="chapter_3-sect1_6_6252"></a><font style="text-transform:uppercase;"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:12.024pt;text-transform:uppercase;"><b>EXHIBIT F</b></font></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:6;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:11.424pt;"><b>Form Of New Sub-Advisory Agreement</b></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">This </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>SUB-ADVISORY AGREEMENT</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"> (the &#8220;Agreement&#8221;) is made as of this [ ] day of [ ], </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">2021, by and among Wells Fargo Utilities and High Income Fund (the &#8220;Fund&#8221;), a </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">statutory trust organized under the laws of the State of Delaware with its principal </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">place of business at 525 Market Street, 12th Floor, San Francisco, California 94105, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Wells Fargo Funds Management, LLC (the &#8220;Adviser&#8221;), a limited liability company </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">organized under the laws of the State of Delaware with its principal place of business </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">at 525 Market Street, 12th Floor, San Francisco, California 94105, and Wells Capital </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Management, LLC (the &#8220;Sub-Adviser&#8221;), a limited liability company organized under the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">laws of the State of Delaware with its principal place of business at 525 Market Street, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">12th Floor, San Francisco, California 94105.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>WHEREAS</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">, the Adviser and the Sub-Adviser are registered investment advisers under </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Investment Advisers Act of 1940, as amended (the &#8220;Advisers Act&#8221;); and</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>WHEREAS</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">, the Fund is engaged in business as an closed-end investment company </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">and is registered under the Investment Company Act of 1940, as amended (the &#8220;1940 </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Act&#8221;); and</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>WHEREAS</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">, the Fund&#8217;s Board of Trustees (the &#8220;Board&#8221;) has engaged the Adviser to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">perform investment advisory services for the Fund under the terms of an investment </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">advisory agreement, dated [___], 2021, between the Adviser and the Fund (the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">&#8220;Advisory Agreement&#8221;); and</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>WHEREAS</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">, the Adviser, acting pursuant to the Advisory Agreement, wishes to retain </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Sub-Adviser, and the Fund&#8217;s Board has approved the retention of the Sub-Adviser, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">to provide investment advisory services to the Fund, and the Sub-Adviser is willing to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">provide those services on the terms and conditions set forth in this Agreement;</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>NOW THEREFORE</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">, the Fund, the Adviser and Sub-Adviser agree as follows:</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 1. Appointment of Sub-Adviser</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. The Fund is engaged in the business of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">investing and reinvesting its assets in securities of the type and in accordance with </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the limitations specified in its Declaration of Trust, as amended or supplemented from </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">time to time, By-Laws (if any) and Registration Statement(s) filed with the Securities </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">and Exchange Commission (the &#8220;Commission&#8221;) under the 1940 Act and the Securities </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Act of 1933 (the &#8220;Securities Act&#8221;), including any representations made in the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">prospectus and statement of additional information relating to the Fund contained </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">therein and as may be amended or supplemented from time to time, all in such </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">manner and to such extent as may from time to time be authorized by the Board.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Subject to the direction and control of the Board, the Adviser manages the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">investment and reinvestment of the assets of the Fund and provides for certain </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">management and other services as specified in the Advisory Agreement.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Subject to the direction and control of the Board and the Adviser, the Sub-Adviser </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">shall manage the investment and reinvestment of that portion of the assets of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Fund identified from time to time by the Board or the Adviser (the &#8220;WCM Portion&#8221;) as </font></p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0pt;"><b>F-1</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>&#160;|&#160;</b></font>&#160;</p>
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         <p style="margin: 0pt">&#160;</p>
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         <p style="padding:0"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><a href="#TOC_6252" style="color:#0000FF;">Back To Table of Contents</a></FONT></p>
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      <div style="clear:both;width:87.59989688063935%;margin-top:10pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">specified in this Agreement, and shall provide the management and other services </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">specified below in Section 2(a), all in such manner and to such extent as may be </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">directed in writing from time to time by the Adviser. Notwithstanding anything in this </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Agreement to the contrary, the Adviser shall be responsible for compliance with any </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">statute, rule, regulation, guideline or investment restriction that applies to the Fund&#8217;s </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">investment portfolio as a whole and the Sub-Adviser&#8217;s responsibility and liability shall </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">be limited to following any written instruction the Sub-Adviser receives from the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Adviser.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">The investment authority granted to the Sub-Adviser shall include the authority to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">exercise whatever powers the Fund may possess with respect to any of the assets of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Fund&#8217;s WCM Portion, including, but not limited to, the power to exercise rights, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">options, warrants, conversion privileges, redemption privileges, and to tender </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">securities pursuant to a tender offer. The Sub-Adviser shall not, however, be </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">responsible for voting proxies, for participating in class actions and/or other legal </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">proceedings on behalf of the Fund, but will provide such assistance as is reasonably </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">requested in writing by the Adviser.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 2. Duties, Representations and Warranties of the Sub-Adviser.</b></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(a) The Sub-Adviser shall make decisions with respect to all purchases and sales of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">securities and other investment assets for the WCM Portion. To carry out such </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">decisions, the Sub-Adviser is hereby authorized, as agent and attorney-in-fact for the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Fund, for the account of, at the risk of and in the name of the Fund, to place orders </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">and issue instructions with respect to those transactions of the Fund. In all purchases, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">sales and other transactions in securities and other assets for the Fund, the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Sub-Adviser is authorized to exercise full discretion and act for the Fund and instruct </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Fund&#8217;s custodian (the &#8220;Custodian&#8221;) in the same manner and with the same force </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">and effect as the Fund might or could do with respect to such purchases, sales or </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">other transactions, as well as with respect to all other things necessary or incidental to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the furtherance or conduct of such purchases, sales or other transactions.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">The Sub-Adviser acknowledges that the Fund and other mutual funds advised by the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Adviser (collectively, the &#8220;fund complex&#8221;) may engage in transactions with certain </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">sub-advisers in the fund complex (and their affiliated persons) in reliance on </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">exemptions under Rule 10f-3, Rule 12d3-1, Rule 17a-10 and Rule 17e-1 under the 1940 </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Act. Accordingly, the Sub-Adviser hereby agrees that it will not consult with any other </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">sub-adviser of a fund in the fund complex, or an affiliated person of a sub-adviser, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">concerning transactions for a fund in securities or other fund assets. The Sub-Adviser </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">shall be limited to managing only the WCM Portion, and shall not consult with the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">sub-adviser as to any other portion of the Fund&#8217;s portfolio concerning transactions for </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Fund in securities or other Fund assets.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(b) Following the close of each calendar quarter, the Sub-Adviser will report to the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Board regarding the investment performance of the WCM Portion since the prior </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">report, and will also keep the Board informed of important developments known by it </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">to affect the WCM Portion and the Sub-Adviser, and on its own initiative will furnish </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Board and the Adviser from time to time with such information as the </font></p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="right"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0 pt;">&#160;|&#160;</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>F-2</b></font>&#160;</p>
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      <div style="clear:both;width:139.4689352926012%;margin-top:10pt;margin-left:6.187161639597835%;"></div>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Sub-Adviser, in its sole discretion, believes appropriate, whether concerning the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">individual companies whose securities are held by the Fund in the WCM Portion, the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">industries in which they engage, or the economic, social or political conditions </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">prevailing in each country in which the Fund maintains investments. The Sub-Adviser </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">will also furnish the Board and the Adviser with such statistical and analytical </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">information with respect to securities held by the Fund as the Sub-Adviser, in its sole </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">discretion, believes appropriate or as the Board or the Adviser may reasonably request </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">in writing.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">The Sub-Adviser shall promptly notify the Adviser of (i) any material changes </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">regarding the Sub-Adviser that would impact disclosure in the Fund&#8217;s Registration </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Statement(s), or (ii) any material violation of any requirement, provision, policy or </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">restriction that the Sub-Adviser is required to comply with under Section 6 of this </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Agreement. The Sub-Adviser shall, within two business days, notify both the Adviser </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">and the Fund of any legal process served upon it in connection with its activities </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">hereunder, including any legal process served upon it on behalf of the Adviser or the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Fund. The Sub-Adviser, upon the written request of the Custodian, shall reasonably </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">cooperate with the Custodian in the Custodian&#8217;s processing of class actions or other </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">legal proceedings relating to the holdings (historical and/or current) of the WCM </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Portion.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(c) The Sub-Adviser may from time to time employ or sub-contract the services of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">certain persons as the Sub-Adviser believes to be appropriate or necessary to assist in </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the execution of the Sub-Adviser&#8217;s duties hereunder; provided, however, that the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">employment of or sub-contracting to any such person shall not relieve the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Sub-Adviser of its responsibilities or liabilities hereunder. The cost of performance of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">such duties shall be borne and paid by the Sub-Adviser. No obligation may be </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">imposed on the Fund in any such respect.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">The Sub-Adviser shall supervise and monitor the activities of its representatives, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">personnel and agents in connection with the execution of its duties and obligations </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">hereunder. The appropriate personnel of the Sub-Adviser will be made available to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">consult with the Adviser, the Fund and the Board at reasonable times and upon </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">reasonable notice concerning the business of the Fund.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(d) The Sub-Adviser shall maintain records relating to portfolio transactions and the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">placing and allocation of brokerage orders as are required to be maintained by the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Fund under the 1940 Act. Upon the Fund&#8217;s reasonable request, the Sub-Adviser also </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">shall prepare and maintain, or cause to be prepared and maintained, in such form, for </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">such periods and in such locations as may be required by applicable law, all other </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">documents and records relating to the services provided by the Sub-Adviser pursuant </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">to this Agreement required to be prepared and maintained by the Fund. The books </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">and records required to be maintained by the Fund which are in the possession of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Sub-Adviser shall be the property of the Fund; provided, however, that if the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Sub-Adviser also is required to prepare and maintain any such books and records to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">satisfy its own recordkeeping requirements, such books and records shall constitute </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the property of each of the Fund and the Sub-Adviser. The Fund, or the Fund&#8217;s </font></p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0pt;"><b>F-3</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>&#160;|&#160;</b></font>&#160;</p>
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         <p style="margin: 0pt">&#160;</p>
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         <p style="padding:0"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><a href="#TOC_6252" style="color:#0000FF;">Back To Table of Contents</a></FONT></p>
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      <div style="clear:both;width:139.4689352926012%;margin-top:10pt;margin-left:6.187161639597835%;"></div>
      <div style="clear:both;width:87.59989688063935%;margin-top:10pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">authorized representatives (including the Adviser), shall have access to such books </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">and records at all times during the Sub-Adviser&#8217;s normal business hours. Upon the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">reasonable written request of the Fund, copies of any such books and records shall be </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">provided promptly by the Sub-Adviser to the Fund or the Fund&#8217;s authorized </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">representatives.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(e) The Sub-Adviser represents and warrants to the Adviser and the Fund that: (i) the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">retention of the Sub-Adviser as contemplated by this Agreement is authorized by the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Sub-Adviser&#8217;s governing documents; (ii) the execution, delivery and performance of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">this Agreement does not violate any obligation by which the Sub-Adviser or its </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">property is bound, whether arising by contract, operation of law or otherwise; (iii) this </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Agreement has been duly authorized by appropriate action of the Sub-Adviser and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">when executed and delivered by the Sub-Adviser will be the legal, valid and binding </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">obligation of the Sub-Adviser, enforceable against the Sub-Adviser in accordance with </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the terms hereof, subject, as to enforcement, to applicable bankruptcy, insolvency </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">and similar laws affecting creditors&#8217; rights generally and to general equitable </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">principles (regardless of whether enforcement is sought in a proceeding in equity or </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">law); (iv) if Sub-Adviser furnishes to Adviser or the Trust the Sub-Adviser&#8217;s composite </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">performance record for inclusion in Fund documents, (A) any composite performance </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">record of the Sub-Adviser&#8217;s executive officers furnished to the Adviser and the Fund in </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">writing prior to the date hereof (the &#8220;Data&#8221;) is true and correct, and has been prepared </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">in accordance with applicable laws, rules, regulations, interpretations and in </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">accordance with industry guidelines and standards with respect to standardized </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">performance information; (B) there is no information material to an understanding of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Data which the Sub-Adviser has not provided in writing to the Adviser prior to the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">date hereof; (C) the accounts included in the Data include all fully discretionary </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">accounts managed by the Sub-Adviser&#8217;s executive officers designated to act as </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">portfolio managers of the Fund over the period covered that have investment </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">objectives, policies and strategies that are substantially similar to those that will be </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">followed by the WCM Portion as approved by the Board; (D) the Sub-Adviser has the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">right, free from any legal or contractual restrictions thereon, to the use, reproduction, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">and incorporation of the Data in the public disclosure or marketing materials of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Fund, including the prospectus and the statement of additional information and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">proxy statements (the &#8220;Public Disclosure&#8221;); and (E) the Sub-Adviser is legally entitled </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">to grant, and hereby grants, such rights to the Adviser and/or the Fund with respect to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the use of the Data in the Public Disclosure, including with respect to any Public </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Disclosure filed with the Commission prior to the date hereof.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 3. Delivery of Documents to the Sub-Adviser</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. The Adviser has furnished </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Sub-Adviser with true, correct and complete copies of the following documents:</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(a) The Declaration of Trust, as in effect on the date hereof;</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(b) The Registration Statement(s) filed with the Commission under the 1940 Act, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">including the form of prospectus related to the Fund included therein;</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(c) The Advisory Agreement; and</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(d) Written guidelines, policies and procedures adopted by the Fund.</font></p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="right"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0 pt;">&#160;|&#160;</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>F-4</b></font>&#160;</p>
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         <p style="margin: 0pt">&#160;</p>
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      <div style="clear:both;width:87.59989688063935%;margin-top:10pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">The Adviser will furnish the Sub-Adviser with all future amendments and supplements </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">to the foregoing as soon as practicable after such documents become available. The </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Adviser shall furnish the Sub-Adviser with any further documents, materials or </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">information that the Sub-Adviser may reasonably request in connection with the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">performance of its duties hereunder.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Sub-Adviser shall not be responsible for compliance with any document, materials, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">instruction or other information not provided to Sub-Adviser in a timely manner until </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">a reasonable time after receipt of same by Sub-Adviser.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">The Sub-Adviser shall furnish the Adviser with written certifications, in such form as </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Adviser shall reasonably request in writing, that it has received and reviewed the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">most recent version of the foregoing documents provided by the Adviser and that it </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">will comply with such documents in the performance of its obligations under this </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Agreement.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 4. Delivery of Documents to the Adviser</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. The Sub-Adviser has furnished, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">and in the future will furnish, the Adviser with true, correct and complete copies of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">each of the following documents:</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(a) The Sub-Adviser&#8217;s most recent Form ADV;</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(b) The Sub-Adviser&#8217;s most recent balance sheet; and</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(c) The current Code of Ethics of the Sub-Adviser, adopted pursuant to Rule 17j-1 </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">under the 1940 Act, and annual certifications regarding compliance with such Code.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">In addition, the Sub-Adviser will furnish the Adviser with (i) a summary of the results </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">of any future examination of the Sub-Adviser by the Commission or other regulatory </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">agency with respect to the Sub-Adviser&#8217;s activities hereunder; and (ii) copies of its </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">policies and procedures adopted pursuant to Rule 206(4)-7 under the Advisers Act.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">The Sub-Adviser will furnish the Adviser with all such documents as soon as </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">practicable after such documents become available to the Sub-Adviser, to the extent </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">that such documents have been changed materially. The Sub-Adviser shall furnish the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Adviser with any further documents, materials or information as the Adviser may </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">reasonably request in connection with Sub-Adviser&#8217;s performance of its duties under </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">this Agreement, including, but not limited to, information regarding the Sub-Adviser&#8217;s </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">financial condition, level of insurance coverage and any certifications or </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">sub-certifications which may reasonably be requested in connection with Fund </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">registration statements, Form N-CSR filings or other regulatory filings, and which are </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">appropriately limited to Sub-Adviser&#8217;s responsibilities under this Agreement.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 5. Control by Board</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. As is the case with respect to the Adviser under the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Advisory Agreement, any investment activities undertaken by the Sub-Adviser </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">pursuant to this Agreement, as well as any other activities undertaken by the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Sub-Adviser on behalf of the Fund, shall at all times be subject to the direction and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">control of the Fund&#8217;s Board.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 6. Compliance with Applicable Requirements</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. In carrying out its </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">obligations under this Agreement, the Sub-Adviser shall at all times comply with:</font></p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0pt;"><b>F-5</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>&#160;|&#160;</b></font>&#160;</p>
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         <p style="margin: 0pt">&#160;</p>
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         <p style="padding:0"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><a href="#TOC_6252" style="color:#0000FF;">Back To Table of Contents</a></FONT></p>
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      <div style="clear:both;width:87.59989688063935%;margin-top:10pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(a) investment guidelines, policies and restrictions established by the Board that have </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">been communicated in writing to the Sub-Adviser;</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(b) all applicable provisions of the 1940 Act and the Advisers Act, and any rules and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">regulations adopted thereunder;</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(c) the Registration Statement(s) of the Fund, as it may be amended from time to time </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(including any information transmitted to Shareholders pursuant to Rule 8b-16 under </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the 1940 Act), filed with the Commission under the Securities Act and the 1940 Act </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">and delivered to the Sub-Adviser;</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(d) the provisions of the Declaration of Trust of the Fund, as it may be amended or </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">supplemented from time to time and delivered to the Sub-Adviser;</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(e) the provisions of the Internal Revenue Code of 1986, as amended, applicable to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Fund, and any rules and regulations adopted thereunder; and</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(f) any other applicable provisions of state or federal law, and any rules and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">regulations adopted thereunder.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 7. Proxies</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. The Adviser shall have responsibility to vote proxies solicited with </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">respect to issuers of securities in which assets of the Fund are invested from time to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">time in accordance with the Fund&#8217;s policies on proxy voting. The Sub-Adviser will </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">provide, when requested in writing by the Adviser, information on a particular issuer </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">to assist the Adviser in the voting of a proxy.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 8. Expenses</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. All of the ordinary business expenses incurred in the operations </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">of the Fund and the offering of its shares shall be borne by the Fund unless specifically </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">provided otherwise in this Agreement or otherwise agreed by the Fund and the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Adviser and/or Sub-Adviser. The expenses borne by the Fund include, but are not </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">limited to, brokerage commissions, taxes, legal, auditing or governmental fees, the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">cost of preparing share certificates, custodian, transfer agent and registrar costs, all </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">stock exchange listing expenses, expense of issue, sale, redemption and repurchase of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">shares, expenses of registering and qualifying shares for sale, expenses relating to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Board and shareholder meetings, the cost of preparing and distributing reports and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">notices to shareholders, the fees and other expenses incurred by the Fund in </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">connection with membership in investment company organizations and the cost of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">printing copies of prospectuses and statements of additional information distributed </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">to the Fund&#8217;s shareholders.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">The Sub-Adviser shall pay its own expenses in connection with the services to be </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">provided by it pursuant to this Agreement. In addition, the Sub-Adviser shall be </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">responsible for reasonable out-of-pocket costs and expenses incurred by the Adviser </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">or the Fund: (a) to prepare press releases or to amend the Fund&#8217;s registration </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">statement or supplement the Fund&#8217;s prospectus, and circulate the same, solely to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">reflect a change in the personnel of the Sub-Adviser responsible for making </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">investment decisions in relation to the Fund; (b) to obtain shareholder approval of a </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">new sub-advisory agreement as a result of a &#8220;change in control&#8221; (as such term in </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">defined in Section 2(a)(9) of the 1940 Act) of the Sub-Adviser, or to otherwise comply </font></p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="right"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0 pt;">&#160;|&#160;</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>F-6</b></font>&#160;</p>
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         <p style="margin: 0pt">&#160;</p>
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      <div style="clear:both;width:87.59989688063935%;margin-top:10pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">with the 1940 Act, the Securities Act, or any other applicable statute, law, rule or </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">regulation, as a result of such change; or (c) to meet other legal or regulatory </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">obligations caused by activities of the Sub-Adviser.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 9. Compensation</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. As compensation for the sub-advisory services provided </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">under this Agreement, the Adviser shall pay the Sub-Adviser fees, payable monthly, at </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the annual rates indicated on Appendix A hereto, as such Schedule may be amended </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">or supplemented as agreed to in writing by the parties from time to time. It is </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">understood that the Adviser shall be responsible for the Sub-Adviser&#8217;s fee for its </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">services hereunder, and the Sub-Adviser agrees that it shall have no claim against the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Fund with respect to compensation under this Agreement.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 10. Standard of Care</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. The Fund and the Adviser will expect of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Sub-Adviser, and the Sub-Adviser will give the Fund and the Adviser the benefit of, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Sub-Adviser&#8217;s best judgment and efforts in rendering its services to the Fund, and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Sub-Adviser shall not be liable hereunder for any mistake in judgment. In the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">absence of willful misfeasance, bad faith, gross negligence or reckless disregard of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">obligations or duties hereunder on the part of the Sub-Adviser or any of its officers, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">directors, employees or agents, the Sub-Adviser shall not be subject to liability to the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Adviser, to the Fund or to any shareholders in the Fund for any act or omission in the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">course of, or connected with, rendering services hereunder or for any losses that may </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">be sustained in the purchase, holding or sale of any security. Notwithstanding the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">foregoing, the Sub-Adviser shall be responsible for the accuracy and completeness </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(and liable for the lack thereof) of the statements and Data (only if Sub-Adviser </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">furnishes to Adviser or the Fund any such Data for inclusion in Fund documents) </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">furnished by the Sub-Adviser for use by the Adviser in the Fund&#8217;s offering materials </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(including the prospectus, the statement of additional information, advertising and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">sales materials) and any proxy statements that pertain to the Sub-Adviser, the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">portfolio managers of the Fund and the investment of the WCM Portion.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Nothing in this Agreement (including Sections 10, 15 or 16 of this Agreement) shall be </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">construed to relieve either the Sub-Adviser or the Adviser of any claims or liability </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">arising under federal securities laws or any non-waivable provisions of any other </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">federal or state laws.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 11. Non-Exclusivity</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. The services of the Sub-Adviser to the Adviser and the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Fund are not to be deemed to be exclusive, and the Sub-Adviser shall be free to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">render investment advisory and administrative or other services to others (including </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">other investment companies) and to engage in other activities. It is understood and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">agreed that officers or directors of the Sub-Adviser are not prohibited from engaging </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">in any other business activity or from rendering services to any other person, or from </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">serving as partners, officers, directors or trustees of any other firm or trust, including </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">other investment advisory companies.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">It is understood that the Sub-Adviser performs investment advisory services for </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">various clients, including accounts of clients in which the Sub-Adviser or associated </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">persons have a beneficial interest. The Sub-Adviser may give advice and take action in </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the performance of its duties with respect to any of its other clients, which may differ </font></p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0pt;"><b>F-7</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>&#160;|&#160;</b></font>&#160;</p>
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         <p style="margin: 0pt">&#160;</p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">from the advice given, or the timing or nature of action taken, with respect to the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">assets of the Fund. Nothing in this Agreement shall be deemed to impose upon the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Sub-Adviser any obligation to purchase or sell for the Fund any security or other </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">property that the Sub-Adviser purchases or sells for its own accounts or for the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">account of any other client.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Any information or recommendations supplied by the Sub-Adviser to the Adviser or </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Fund in connection with the performance of its obligations hereunder shall be </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">treated as confidential and for use by the Adviser, the Fund or such persons as they </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">may designate, solely in connection with the WCM Portion, except as required by </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">applicable law or as otherwise provided hereunder, it being understood and agreed </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">that the Adviser and the Fund may disclose Fund portfolio holdings information in </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">accordance with the Fund&#8217;s policies and procedures governing the disclosure of Fund </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">portfolio holdings, as amended or supplemented from time to time. Information </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">supplied by the Adviser or the Fund to the Sub-Adviser in connection with </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">performing its obligations under this Agreement shall be treated by the Sub-Adviser </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">as confidential and for use by the Sub-Adviser solely in connection with the WCM </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Portion and the performance of the Sub-Adviser&#8217;s obligations hereunder.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">The Sub-Adviser may include the Fund in its representative client list.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 12. Records</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. The Sub-Adviser shall, with respect to orders the Sub-Adviser </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">places for the purchase and sale of portfolio securities of the WCM Portion, maintain </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">or arrange for the maintenance of the documents and records required pursuant to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Rule 31a-1 under the 1940 Act, as well as trade tickets and confirmations of portfolio </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">trades, and such other records as the Adviser reasonably requests to be maintained. </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">All such records shall be maintained in a form reasonably acceptable to the Adviser </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">and the Fund and in compliance with the provisions of Rule 31a-1 or any successor </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">rule. All such records will be the property of the Fund, and will be made available for </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">inspection by the Fund and its authorized representatives (including the Adviser). The </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Sub-Adviser shall promptly, upon the Fund&#8217;s written request, surrender to the Fund </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">those records that are the property of the Fund; provided, however, that the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Sub-Adviser may retain copies of such records.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 13. Term and Approval</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. This Agreement shall become effective with respect </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">to the Fund for an initial two-year term after it is approved in accordance with the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">express requirements of the 1940 Act, and executed by the Fund, Adviser and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Sub-Adviser and shall thereafter continue from year to year, provided that the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">continuation of the Agreement is approved in accordance with the requirements of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the 1940 Act, which currently requires that the continuation be approved at least </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">annually:</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(a) (i) by the Fund&#8217;s Board of Trustees or (ii) by the vote of &#8220;a majority of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">outstanding voting securities&#8221; of the Fund (as defined in Section 2(a)(42) of the 1940 </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Act, and</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(b) by the affirmative vote of a majority of the Fund&#8217;s Trustees who are not parties to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">this Agreement or &#8220;interested persons&#8221; (as defined in the 1940 Act) of a party to this </font></p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="right"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0 pt;">&#160;|&#160;</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>F-8</b></font>&#160;</p>
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      <div style="clear:both;width:87.59989688063935%;margin-top:10pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Agreement (other than as Trustees of the Fund), by votes cast in person at a meeting </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">specifically called for such purpose.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 14. Termination</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. This Agreement may be terminated with respect to the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Fund at any time, without the payment of any penalty, by vote of the Board or by vote </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">of a majority of the Fund&#8217;s outstanding voting securities, or by the Adviser or </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Sub-Adviser upon sixty (60) days&#8217; written notice to the other parties. The notice </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">provided for herein may be waived by the party entitled to receipt thereof. This </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Agreement shall automatically terminate in the event of its assignment, the term </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">&#8220;assignment&#8221; for purposes of this paragraph having the meaning defined in Section </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">2(a)(4) of the 1940 Act, as it may be interpreted by the Commission or its staff in </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">interpretive releases, or applied by the Commission staff in no-action letters, issued </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">under the 1940 Act.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">This Agreement may also be terminated immediately by the Adviser, the Sub-Adviser </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">or the Fund in the event that another party: (i) breaches a material term of this </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Agreement; or (ii) commits a material violation of any governing law or regulation; or </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">(iii) engages in conduct that would have a material adverse effect upon the reputation </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">or business prospects of the terminating party.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 15. Indemnification by the Sub-Adviser</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. In the absence of willful </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">misfeasance, bad faith, gross negligence or reckless disregard of obligations or duties </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">hereunder on the part of the Fund or the Adviser, or any of their respective officers, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">directors, employees, affiliates or agents, the Fund and the Adviser, respectively, shall </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">not be responsible for, and the Sub-Adviser hereby agrees to indemnify and hold </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">harmless the Fund and the Adviser and their respective officers, directors, employees, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">affiliates and agents (severally, but not jointly) against any and all losses, damages, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">costs, charges, reasonable counsel fees, payments, expenses, liability, claims, actions, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">suits or proceedings at law or in equity whether brought by a private party or a </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">governmental department, commission, board, bureau, agency or instrumentality of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">any kind, arising out of or attributable to the willful misfeasance, bad faith, grossly </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">negligent acts or reckless disregard of obligations or duties hereunder or the breach </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">of any representation and warranty hereunder on the part of the Sub-Adviser or any </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">of its officers, directors, employees affiliates or agents. Notwithstanding the foregoing, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Sub-Adviser shall not be liable hereunder for any losses or damages resulting from </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Sub-Adviser&#8217;s adherence to the Adviser&#8217;s written instructions, or for any action or </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">inaction by the Sub-Adviser consistent with the Standard of Care described in Section </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">10 of this Agreement.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 16. Indemnification by the Adviser</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. Provided that the conduct of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Sub-Adviser, its partners, employees, affiliates and agents is consistent with the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Standard of Care described in Section 10 of this Agreement, the Sub-Adviser shall not </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">be responsible for, and the Adviser hereby agrees to indemnify and hold harmless the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Sub-Adviser, its partners, employees, affiliates and agents against any and all losses, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">damages, costs, charges, reasonable counsel fees and expenses, payments, expenses, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">liability, claims, actions, suits or proceedings at law or in equity whether brought by a </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">private party or a governmental department, commission, board, bureau, agency or </font></p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0pt;"><b>F-9</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>&#160;|&#160;</b></font>&#160;</p>
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         <p style="margin: 0pt">&#160;</p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">instrumentality of any kind, relating to the Sub-Adviser&#8217;s act(s) or omission(s) in the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">course of, or connected with, rendering services hereunder or for any losses that may </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">be sustained in the purchase, holding or sale of any security, or arising out of or </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">attributable to conduct of the Adviser relating to: (i) the advertising, solicitation, sale, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">purchase or pledge of securities, whether of the Fund or other securities, undertaken </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">by the Fund, its officers, directors, employees, affiliates or agents, (ii) any violations of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the securities laws, rules, regulations, statutes and codes, whether federal or of any </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">state, by the Fund or the Adviser, respectively, or their respective officers, directors, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">employees, affiliates or agents, or (iii) the willful misfeasance, bad faith, grossly </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">negligent acts or reckless disregard of obligations or duties hereunder on the part of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Fund or the Adviser, respectively, or their respective officers, directors, employees, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">affiliates or agents.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 17. Notices</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. Any notices under this Agreement shall be in writing, addressed </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">and delivered or mailed postage paid to the other party at such address as such other </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">party may designate for the receipt of such notice. Until further notice to the other </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">party, it is agreed that the address of the Fund shall be 525 Market Street, 12th Floor, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">San Francisco, California 94105, and that of the Adviser shall be 525 Market Street, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">12th Floor, San Francisco, California 94105, and that of the Sub-Adviser shall be 525 </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Market Street, 12th Floor, San Francisco, California 94105.</font><br><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 18. Questions of Interpretation</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. Any question of interpretation of any term </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">or provision of this Agreement having a counterpart in or otherwise derived from a </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">term or provision of the 1940 Act shall be resolved by reference to such terms or </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">provision of the 1940 Act and to interpretations thereof, if any, by the United States </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Courts or in the absence of any controlling decision of any such court, by rules, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">regulations or orders of the Commission, or interpretations of the Commission or its </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">staff, or Commission staff no-action letters, issued pursuant to the 1940 Act. In </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">addition, where the effect of a requirement of the 1940 Act or the Advisers Act </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">reflected in any provision of this Agreement is revised by rule, regulation or order of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Commission, such provision shall be deemed to incorporate the effect of such </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">rule, regulation or order. The duties and obligations of the parties under this </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Agreement shall be governed by and construed in accordance with the laws of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">State of Delaware to the extent that state law is not preempted by the provisions of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">any law of the United States heretofore or hereafter enacted.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 19. Amendment</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. No provision of this Agreement may be changed, waived, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">discharged or terminated orally, but only by an instrument in writing signed by the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">party against which enforcement of the change, waiver, discharge or termination is </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">sought. If shareholder approval of an amendment is required under the 1940 Act, no </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">such amendment shall become effective until approved by a vote of the majority of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the outstanding shares of the Fund. Otherwise, a written amendment of this </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Agreement is effective upon the approval of the Board, the Adviser and the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Sub-Adviser.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 20. Risk Acknowledgement</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. The Sub-Adviser does not guarantee the future </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">performance of the Fund, the success of any investment decision or strategy that the </font></p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="right"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0 pt;">&#160;|&#160;</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>F-10</b></font>&#160;</p>
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      <div style="clear:both;width:87.59989688063935%;margin-top:10pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Sub-Adviser may use, or the success of the Sub-Adviser&#8217;s overall management of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">WCM Portion. Each of the Fund and the Adviser understand that investment decisions </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">made for the Fund by the Sub-Adviser are subject to various market, currency, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">economic and business risks, and that those investment decisions will not always be </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">profitable. The Sub-Adviser will manage the WCM portion and, in making investment </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">decisions for the Fund, the Sub-Adviser will not consider any other securities, cash or </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">other investments covered by the Fund.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>Section 21. Authority to Execute Agreement</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">. Each of the individuals whose </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">signature appears below represents and warrants that he or she has full authority to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">execute this Agreement on behalf of the party on whose behalf he or she has affixed </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">his or her signature to this Agreement. The Fund and the Adviser will deliver to the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Sub-Adviser such evidence of its authority with respect to this Agreement as </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Sub-Adviser may reasonably require. The Sub-Adviser will deliver to the Fund and the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Adviser such evidence of its authority with respect to this Agreement as the Fund or </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Adviser may reasonably require.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">in triplicate by their respective officers on the day and year first written above.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">WELLS FARGO UTILITIES AND HIGH INCOME FUND</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">By:</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Name:</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Title:</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">WELLS FARGO FUNDS MANAGEMENT, LLC</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">By:</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Name:</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Title:</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">WELLS CAPITAL MANAGEMENT, LLC</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">By:</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Name:</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Title:</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="center"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>APPENDIX A</b></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="center"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>WELLS CAPITAL MANAGEMENT, LLC</b></font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>SUB-ADVISORY AGREEMENT</b></font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>FEE AGREEMENT</b></font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>WELLS FARGO UTILITIES AND HIGH INCOME FUND</b></font></p>
      </div>
      <div style="clear:both;width:87.59989688063935%;margin-top:14pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0pt;"><b>F-11</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>&#160;|&#160;</b></font>&#160;</p>
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      <div style="clear:both;float:left;margin-top:0pt; margin-bottom:0pt;width:100%;"><hr style="clear:both;float:left;size:3;color:#999999;width:100%;margin-top:6pt;"></div>
      <div style="clear:both;page-break-before: always; margin-top: 6pt; margin-bottom: 12pt;width:100%;">
         <p style="margin: 0pt">&#160;</p>
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      <div style="clear:both;float:left;width:95%;margin-left:2%;margin-bottom:10pt;margin-top:5pt;margin-right:2%;">
         <p style="padding:0"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><a href="#TOC_6252" style="color:#0000FF;">Back To Table of Contents</a></FONT></p>
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      <div style="clear:both;width:139.4689352926012%;margin-top:10pt;margin-left:6.187161639597835%;"></div>
      <div style="clear:both;width:87.59989688063935%;margin-top:10pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">This fee agreement is effective as of the [ ] day of [ ], 2021 by and between Wells Fargo </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Utilities and High Income Fund (the &#8220;Fund&#8221;), Wells Fargo Funds Management, LLC (the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">&#8220;Adviser&#8221;) and Wells Capital Management, LLC (the &#8220;Sub-Adviser&#8221;).</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>WHEREAS</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">, the parties have entered into a Sub-Advisory Agreement (&#8220;Sub-Advisory </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Agreement&#8221;) whereby the Sub-Adviser provides management and other services to </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">the Fund; and</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;"><b>WHEREAS</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">, the Sub-Advisory Agreement provides that the fees to be paid to the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Sub-Adviser are to be as indicated on this Appendix A;</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">The Adviser pays the Sub-Adviser a fee at an annual rate of 0.40% of the Fund&#8217;s total </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">assets.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">If the Sub-Adviser shall provide management and other services for less than the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">whole of a month, the foregoing compensation shall be prorated based on the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">number of days in the month that such Sub-Adviser provided management and other </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">services to the Fund.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">The foregoing fee schedule is agreed to as of this [ ] day of [ ], 2021, and shall remain </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">in effect until agreed and changed in writing by the parties.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">WELLS FARGO UTILITIES AND HIGH INCOME FUND</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">By:</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Name:</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Title:</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">WELLS FARGO FUNDS MANAGEMENT, LLC</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">By:</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Name:</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Title:</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">WELLS CAPITAL MANAGEMENT, LLC</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">By:</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Name:</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Title:</font></p>
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      <div style="clear:both;width:87.59989688063935%;margin-top:14pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="right"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0 pt;">&#160;|&#160;</font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>F-12</b></font>&#160;</p>
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      <div style="clear:both;float:left;margin-top:0pt; margin-bottom:0pt;width:100%;"><hr style="clear:both;float:left;size:3;color:#999999;width:100%;margin-top:6pt;"></div>
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         <p style="margin: 0pt">&#160;</p>
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      <div style="clear:both;float:left;width:95%;margin-left:2%;margin-bottom:10pt;margin-top:5pt;margin-right:2%;">
         <p style="padding:0"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><a href="#TOC_6252" style="color:#0000FF;">Back To Table of Contents</a></FONT></p>
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      <div style="clear:both;width:87.59989688063935%;margin-top:10pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:9;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a name="chapter_3-sect1_7_6252"></a><font style="text-transform:uppercase;"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:12.024pt;text-transform:uppercase;"><b>EXHIBIT G</b></font></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:6;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:12.024pt;"><b>Date of Last Shareholder Approval of Current Sub-Advisory Agreement </b></font></p>
         <table width="100%" cellspacing="0" style="width:100%;cellspacing:0;padding:0;margin-top:4pt;margin-bottom:0pt;margin-left:0;margin-right:0;">
            <tr style="height:1px;"><td style="height:1px;" width="100%"></td></tr>
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               <td style="height:1px;" width="79.99999999999999%"></td>
               <td style="height:1px;" width="19.999999999999996%"></td>
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               <td align="left" valign="bottom" colspan="1" style="border-bottom:1.5pt solid #7F7F7F;vertical-align:bottom;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;"><b>Fund</b></font></p>
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               <td align="center" valign="bottom" colspan="1" style="border-bottom:1.5pt solid #7F7F7F;vertical-align:bottom;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;"><b>Date of Last </b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;"><b>Shareholder </b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;"><b>Approval</b></font></p>
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               <td align="left" valign="top" colspan="1" style="vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">Wells Fargo Utilities &amp; High Income Fund</font></p>
               </td>
               <td align="center" valign="top" colspan="1" style="vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">July 9, 2010</font></p>
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         <p style="margin: 0pt">&#160;</p>
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      <div style="clear:both;width:139.4689352926012%;margin-top:10pt;margin-left:6.187161639597835%;"></div>
      <div style="clear:both;width:87.59989688063935%;margin-top:10pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:6;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a name="chapter_3-sect1_8_6252"></a><font style="text-transform:uppercase;"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:12.024pt;text-transform:uppercase;"><b>EXHIBIT H</b></font></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:6;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:12.024pt;"><b>Current Wells Capital Officers and Directors</b></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:6;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">The name and principal occupation of Wells Capital&#8217;s principal executive officers and </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">directors as of the date of this proxy statement are set forth below. The business </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">address of each such officer and/or director is 525 Market Street, San Francisco, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">California 94105.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:5;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Jon Baranko, Director, President and Chief Investment Officer &#8211; Global Fundamental </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Investments</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Siobhan Foy, Director and Senior Vice President</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Randy Mangelsen, Director</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Daniel Mavico, Chief Compliance Officer</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Ann Miletti, Director</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.52pt;">Sally Squire, Director and Chief Administrative Officer</font></p>
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      <div style="clear:both;width:87.59989688063935%;margin-top:14pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0pt;"><b>H-1</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:7.02pt;margin-left:0.8828722778104767%;"><b>&#160;|&#160;</b></font>&#160;</p>
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      <div style="clear:both;width:87.59989688063935%;margin-top:10pt;margin-left:6.187161639597835%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:4;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a name="chapter_3-sect1_9_6252"></a><font style="text-transform:uppercase;"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:12.024pt;text-transform:uppercase;"><b>EXHIBIT I</b></font></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:6;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:11.424pt;"><b>Investment Advisory Fees Paid</b></font></p>
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               <td style="height:1px;" width="19.999999999999996%"></td>
               <td style="height:1px;" width="19.999999999999996%"></td>
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               <td align="left" valign="bottom" colspan="1" style="border-bottom:1.5pt solid #7F7F7F;vertical-align:bottom;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;"><b>Fund</b></font></p>
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               <td align="center" valign="bottom" colspan="1" style="border-bottom:1.5pt solid #7F7F7F;vertical-align:bottom;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;"><b>Advisory Fees </b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;"><b>Paid</b></font></p>
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               <td align="center" valign="bottom" colspan="1" style="border-bottom:1.5pt solid #7F7F7F;vertical-align:bottom;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;"><b>Advisory Fees </b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;"><b>Waived</b></font></p>
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               <td align="left" valign="top" colspan="1" style="vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">Wells Fargo Utilities &amp; High Income Fund</font></p>
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               <td align="center" valign="top" colspan="1" style="vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">$694,374</font></p>
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               <td align="center" valign="top" colspan="1" style="vertical-align:top;&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">$0</font></p>
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</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">      <div style="clear:both;width:90.87702205573568%;margin-top:10pt;margin-left:8.566965110614639%;"></div>
      <div style="clear:both;width:82.81399606927484%;margin-top:10pt;margin-left:8.566965110614639%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:6;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><a name="chapter_1_6333"></a><a name="chapter_1-sect1_1_6333"></a><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;"><b><i>PROXY TABULATOR</i></b></font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;"><b><i>[Address]</i></b></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:6;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;"><b>To vote by Internet</b></font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">1) Read the Proxy Statement and have the proxy card below at hand.</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">2) Go to website </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;"><b>www.[webaddress].com</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">.</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">3) Follow the instructions provided on the website.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:6;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;"><b>To vote by Telephone</b></font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">1) Read the Proxy Statement and have the proxy card below at hand.</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">2) Call </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;"><b>1-800-[phone]</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">.</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">3) Follow the instructions.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:6;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;"><b>To vote by Mail</b></font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">1) Read the Proxy Statement.</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">2) Check the appropriate box on the proxy card below.</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">3) Sign and date the proxy card.</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">4) Return the proxy card in the envelope provided.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:6;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">If You Are </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;"><u style="0.5 #000000 solid baseline 0 1 0">NOT</u></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;"> Voting by Telephone or Internet, Please Sign, Date and Return the Proxy Card Promptly Using the Enclosed </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">Envelope.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:6;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">TO VOTE, MARK BLOCKS BELOW IN BLUE OR BLACK INK AS FOLLOWS:</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:6;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">xxxxx-xxxxx</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:6;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">KEEP THIS PORTION FOR YOUR RECORDS</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:6;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">DETACH AND RETURN THIS PORTION ONLY</font></p>
         <table width="100%" cellspacing="0" style="width:100%;cellspacing:0;padding:0;margin-top:4pt;margin-bottom:0pt;margin-left:0;margin-right:0;">
            <tr style="height:1px;"><td style="height:1px;" width="100%"></td></tr>
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         <table width="100%" cellspacing="0" style="width:100%;cellspacing:0;margin-left:0;border-bottom:1.5pt solid #7F7F7F;margin-top:10px;">
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               <td align="left" valign="bottom" colspan="1" style="border-bottom:1.5pt solid #7F7F7F;vertical-align:bottom">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"></p>
               </td>
               <td align="center" valign="bottom" colspan="1" style="border-bottom:1.5pt solid #7F7F7F;vertical-align:bottom">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"></p>
               </td>
               <td align="center" valign="bottom" colspan="1" style="border-bottom:1.5pt solid #7F7F7F;vertical-align:bottom">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;"><b>FOR</b></font></p>
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               <td align="center" valign="bottom" colspan="1" style="border-bottom:1.5pt solid #7F7F7F;vertical-align:bottom">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;"><b>AGAINST</b></font></p>
               </td>
               <td align="center" valign="bottom" colspan="1" style="border-bottom:1.5pt solid #7F7F7F;vertical-align:bottom">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;"><b>ABSTAIN</b></font></p>
               </td>
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               <td align="left" valign="top" colspan="1" style="border-bottom:1pt solid #7F7F7F;vertical-align:top">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">1. To consider and approve a new investment advisory agreement with Wells Fargo </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">Funds Management, LLC</font></p>
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               <td align="center" valign="top" colspan="1" style="border-bottom:1pt solid #7F7F7F;vertical-align:top">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"></p>
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               <td align="center" valign="top" colspan="1" style="border-bottom:1pt solid #7F7F7F;vertical-align:top">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"></p>
               </td>
               <td align="center" valign="top" colspan="1" style="border-bottom:1pt solid #7F7F7F;vertical-align:top">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"></p>
               </td>
               <td align="center" valign="top" colspan="1" style="border-bottom:1pt solid #7F7F7F;vertical-align:top">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"></p>
               </td>
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               <td align="left" valign="top" colspan="1" style="border-bottom:1pt solid #7F7F7F;vertical-align:top">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">2. To consider and approve a new investment sub-advisory agreement with Wells Capital </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">Management, LLC</font></p>
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               <td align="center" valign="top" colspan="1" style="border-bottom:1pt solid #7F7F7F;vertical-align:top">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"></p>
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               <td align="center" valign="top" colspan="1" style="border-bottom:1pt solid #7F7F7F;vertical-align:top">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"></p>
               </td>
               <td align="center" valign="top" colspan="1" style="border-bottom:1pt solid #7F7F7F;vertical-align:top">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"></p>
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               <td align="center" valign="top" colspan="1" style="border-bottom:1pt solid #7F7F7F;vertical-align:top">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"></p>
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               <td align="left" valign="top" colspan="1" style="vertical-align:top">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">3. To transact such other business as may properly come before the Meeting or any </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">adjournments thereof</font></p>
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               <td align="center" valign="top" colspan="1" style="vertical-align:top">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"></p>
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                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"></p>
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               <td align="center" valign="top" colspan="1" style="vertical-align:top">
                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"></p>
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                  <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"></p>
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         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:6;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;"><b>It is Important That Proxy Cards Be Returned Promptly. Sign, Date and Return the Proxy Card Promptly Using the </b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;"><b>Enclosed Envelope. Your Prompt Attention to the Enclosed Proxy Card Will Help to Avoid the Expense of Further </b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;"><b>Solicitation.</b></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:6;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">Signature(s) should be exactly as name or names appearing on this proxy. If shares are held jointly, each holder should </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">sign. If signing is by attorney, executor, administrator, trustee or guardian, please give full title. By signing this proxy card, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">receipt of the accompanying Notice of Special Meeting of Shareholders and Proxy Statement is acknowledged.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:6;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">___________________________________________________</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">Signature [PLEASE SIGN WITHIN BOX] Date</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:6;padding-bottom:0;align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="left"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">__________________________________________________</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">Signature [Joint Owners] Date</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:6;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="center"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;"><b>Important Notice Regarding the Availability of Proxy Materials for the Special Meeting of Shareholders to be Held </b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;"><b>on July 15, 2021, or any adjournment or postponement thereof.</b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;"> This Notice and the attached proxy statement (the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">&#8220;Proxy Statement&#8221;) are available on the internet at www.[webaddress].com.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:6;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="center"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">WELLS FARGO UTILITIES AND HIGH INCOME FUND</font><br><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">The undersigned shareholder of </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">Wells Fargo Utilities and High Income Fund (the &#8220;Fund&#8221;), hereby appoints Catherine F. </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">Kennedy, Maureen E. Towle and Johanne F. Castro and each of them, the attorneys and proxies of the undersigned, with </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">full power of substitution, to vote, as indicated herein, all of the shares of stock of the Fund standing in the name of the </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">undersigned at the close of business on May 28, 2021, at a Special Meeting of Shareholders to be held at the office of </font></p>
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      <div style="clear:both;float:left;margin-top:0pt; margin-bottom:0pt;width:100%;"><hr style="clear:both;float:left;size:3;color:#999999;width:100%;margin-top:6pt;"></div>
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         <p style="margin: 0pt">&#160;</p>
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      <div style="clear:both;width:82.81399606927484%;margin-top:10pt;margin-left:8.566965110614639%;">
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;" align="center"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">Wells Fargo Asset Management, 525 Market Street, San Francisco, CA 94105, on July 15, 2021 at </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">12:00 p.m. Pacific Time, </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">and at any and all adjournments thereof, with all of the powers the undersigned would possess if then and there </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">personally present and especially (but without limiting the general authorization and power hereby given) to vote as </font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">indicated on the proposal, as more fully described in the Proxy Statement for the meeting.</font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:6;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="center"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;"><b>THIS PROXY IS SOLICITED BY THE BOARD OF TRUSTEES OF THE FUND AND WILL BE VOTED FOR THE PROPOSAL(S) </b></font><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;"><b>SHOWN ON THE REVERSE SIDE UNLESS OTHERWISE INDICATED.</b></font></p>
         <p style="background-color:#FFFFFF;padding-left:2pt;padding-top:6;padding-bottom:0;align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:1pt;margin-bottom:0;" align="center"><font face="Arial, Helvetica, sans-serif" style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;"><b>PLEASE SIGN AND DATE ON THE REVERSE SIDE</b></font></p>
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      <div style="clear:both;width:82.81399606927484%;margin-top:14pt;margin-left:8.566965110614639%;"></div>

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