<SEC-DOCUMENT>0001752724-22-022437.txt : 20220209
<SEC-HEADER>0001752724-22-022437.hdr.sgml : 20220209
<ACCEPTANCE-DATETIME>20220209135130
ACCESSION NUMBER:		0001752724-22-022437
CONFORMED SUBMISSION TYPE:	N-CEN
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20211130
FILED AS OF DATE:		20220209
DATE AS OF CHANGE:		20220209
EFFECTIVENESS DATE:		20220209

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MFS INVESTMENT GRADE MUNICIPAL TRUST
		CENTRAL INDEX KEY:			0000847411
		IRS NUMBER:				043046360
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		N-CEN
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05785
		FILM NUMBER:		22605689

	BUSINESS ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		24TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		617-954-5000

	MAIL ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		24TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COLONIAL INVESTMENT GRADE MUNICIPAL TRUST
		DATE OF NAME CHANGE:	19920703
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</DOCUMENT>
<DOCUMENT>
<TYPE>INTERNAL CONTROL RPT
<SEQUENCE>2
<FILENAME>NCEN_811-05785_86147344_1121.htm
<TEXT>

<HTML>
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   <TITLE>al6.htm - Generated by SEC Publisher for SEC Filing</TITLE>
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<BODY bgcolor="#ffffff">
<a name="page_1"></a><a name="_bclPageBorder1"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Report of
Independent Registered Public Accounting Firm</font></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">To the Shareholders and</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Board of Trustees of MFS Investment
Grade Municipal Trust</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;line-height:normal;vertical-align:baseline;">&nbsp;</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:107%;">In planning
and performing our audit of the financial statements of MFS Investment Grade
Municipal Trust (the &#8220;Fund&#8221;) as of and for the year ended November 30, 2021, in
accordance with the standards of the Public Company Accounting Oversight Board
(United States), we considered the Fund&#8217;s internal control over financial
reporting, including controls over safeguarding securities, as a basis for
designing our auditing procedures for the purpose of expressing our opinion on
the financial statements and to comply with the requirements of Form N-CEN, but
not for the purpose of expressing an opinion on the effectiveness of the Fund&#8217;s
internal control over financial reporting. Accordingly, we express no such
opinion. </font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:107%;">The
management of the Fund is responsible for establishing and maintaining
effective internal control over financial reporting. In fulfilling this
responsibility, estimates and judgments by management are required to assess
the expected benefits and related costs of controls. A company&#8217;s internal control
over financial reporting is a process designed to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of
financial statements for external purposes in accordance with U.S. generally
accepted accounting principles. A company&#8217;s internal control over financial
reporting includes those policies and procedures that (1) pertain to the
maintenance of records that, in reasonable detail, accurately and fairly
reflect the transactions and dispositions of the assets of the company; (2)
provide reasonable assurance that transactions are recorded as necessary to
permit preparation of financial statements in accordance with U.S. generally
accepted accounting principles, and that receipts and expenditures of the
company are being made only in accordance with authorizations of management and
directors of the company; and (3) provide reasonable assurance regarding
prevention or timely detection of unauthorized acquisition, use or disposition
of a company&#8217;s assets that could have a material effect on the financial
statements. </font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:107%;">Because of
its inherent limitations, internal control over financial reporting may not
prevent or detect misstatements. Also, projections of any evaluation of
effectiveness to future periods are subject to the risk that controls may
become inadequate because of changes in conditions, or that the degree of
compliance with the policies or procedures may deteriorate. </font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:107%;">A deficiency
in internal control over financial reporting exists when the design or
operation of a control does not allow management or employees, in the normal
course of performing their assigned functions, to prevent or detect
misstatements on a timely basis. A material weakness is a deficiency, or a
combination of deficiencies, in internal control over financial reporting, such
that there is a reasonable possibility that a material misstatement of the
company&#8217;s annual or interim financial statements will not be prevented or
detected on a timely basis. </font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:107%;">Our
consideration of the Fund&#8217;s internal control over financial reporting was for
the limited purpose described in the first paragraph and would not necessarily
disclose all deficiencies in internal control that might be material weaknesses
under standards established by the Public Company Accounting Oversight Board
(United States). However, we noted no deficiencies in the Fund&#8217;s internal
control over financial reporting and its operation, including controls over
safeguarding securities, that we consider to be a material weakness as defined
above as of November 30, 2021. </font></p>


</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_2"></a><a name="_bclPageBorder2"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:107%;">This report is intended solely for the information and use of
management and the Board of Trustees of MFS Investment Grade Municipal Trust and
the Securities and Exchange Commission and is not intended to be and should not
be used by anyone other than these specified parties. </font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:107%;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">/s/ Ernst &amp; Young LLP</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;vertical-align:baseline;">Boston, Massachusetts</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;vertical-align:baseline;">January 14, 2022</font></p>




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<DOCUMENT>
<TYPE>INST DEFINING RIGHTS
<SEQUENCE>3
<FILENAME>NCEN_811-05785_41816048_1121.htm
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   <TITLE>g1bii_cxh7-202021.htm - Generated by SEC Publisher for SEC Filing</TITLE>
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<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-top:.25pt;"><font face="Times New Roman" lang=EN-US style="font-size:14.0pt;">&nbsp;</font></p>

<h1 align=center style="margin-bottom:0in;margin-left:4.85pt;margin-right:5.0pt;margin-top:4.5pt;text-align:center;"><b><font face="Times New Roman" style="font-size:12.0pt;">MFS INVESTMENT GRADE MUNICIPAL TRUST</font></b></h1>

<p style="margin:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:13.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:13.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:10.6pt;margin-right:3.3pt;margin-top:.05pt;text-indent:8.1pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">STATEMENT ESTABLISHING
AND FIXING THE RIGHTS AND PREFERENCES OF REMARKETABLE VARIABLE RATE MUNIFUND
TERM PREFERRED SHARES</font></b></p>

<p style="margin:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-top:.1pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.5pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:0in;margin-top:.05pt;"><font face="Times New Roman" lang=EN-US style="font-size:7.5pt;">JPM MFS
- Statement of Preferences (with Remarketing Feature) 4824-5403-1332</font></p>








<h1 align=center style="margin-bottom:.0001pt;margin-left:4.95pt;margin-right:5.0pt;margin-top:3.85pt;text-align:center;">&nbsp;</h1>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_2"></a><a name="_bclPageBorder2"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h1 align=center style="margin-bottom:.0001pt;margin-left:4.95pt;margin-right:5.0pt;margin-top:3.85pt;text-align:center;"><b><font face="Times New Roman" style="font-size:12.0pt;">Table of Contents</font></b></h1>

<p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:448.3pt;margin-right:5.0pt;margin-top:2.05pt;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Page</font></b></p>

<p style="margin:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.5pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:0in;margin-top:4.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">ARTICLE</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.75pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; DEFINITIONS........................................................................................... </font><a href="#_bookmark0"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">1</font></a></p>

<p align=left style="margin-bottom:.0001pt;margin-left:78.0pt;margin-right:0in;margin-top:6.2pt;text-align:left;text-indent:-45.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;">1.1.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Definitions............................................................................................................... </font><a href="#_bookmark1"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">1</font></a></p>

<p align=left style="margin-bottom:.0001pt;margin-left:78.0pt;margin-right:0in;margin-top:.2pt;text-align:left;text-indent:-45.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;">1.2.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Interpretation......................................................................................................... </font><a href="#_bookmark2"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">15</font></a></p>

<p align=left style="margin-bottom:.0001pt;margin-left:78.0pt;margin-right:0in;margin-top:.2pt;text-align:left;text-indent:-45.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;">1.3.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Liability of Officers, Trustees</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.1pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">and</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Shareholders................................................... </font><a href="#_bookmark3"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">15</font></a></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:113.95pt;margin-right:5.95pt;margin-top:14.2pt;text-indent:-1.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:100%;">ARTICLE</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.75pt;line-height:100%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:100%;">2&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; TERMS
APPLICABLE TO ALL SERIES O</font><font face="Times New Roman" lang=EN-US style="font-size:9.5pt;line-height:100%;">F </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:100%;">REMARKETABLE
VARIABLE</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.9pt;line-height:100%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:100%;">RATE</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.85pt;line-height:100%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:100%;">MUNIFUND</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.85pt;line-height:100%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:100%;">TERM</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.8pt;line-height:100%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:100%;">PREFERRED</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.85pt;line-height:100%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:100%;">SHARES.............................. </font><a href="#_bookmark4"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.45pt;line-height:100%;text-decoration:none;">16</font></a></p>

<p align=left style="margin-bottom:.0001pt;margin-left:78.0pt;margin-right:0in;margin-top:6.15pt;text-align:left;text-indent:-45.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;">2.1.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Number of</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.4pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Shares;</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.25pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Ranking................................................................................... </font><a href="#_bookmark5"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">16</font></a></p>

<p align=left style="margin-bottom:.0001pt;margin-left:78.0pt;margin-right:0in;margin-top:.2pt;text-align:left;text-indent:-45.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;">2.2.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Dividends</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.35pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">and</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.25pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Distributions.................................................................................. </font><a href="#_bookmark6"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">16</font></a></p>

<p align=left style="margin-bottom:.0001pt;margin-left:78.0pt;margin-right:0in;margin-top:.2pt;text-align:left;text-indent:-45.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;">2.3.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Liquidation</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Rights................................................................................................. </font><a href="#_bookmark7"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">25</font></a></p>

<p align=left style="margin-bottom:.0001pt;margin-left:78.0pt;margin-right:0in;margin-top:.2pt;text-align:left;text-indent:-45.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;">2.4.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Coverage &amp;</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.35pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Leverage</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.2pt;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Tests................................................................................... </font><a href="#_bookmark8"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">26</font></a></p>

<p align=left style="margin-bottom:.0001pt;margin-left:78.0pt;margin-right:0in;margin-top:.2pt;text-align:left;text-indent:-45.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;">2.5.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Mandatory Tender</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.6pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">and</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.3pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Remarketing..................................................................... </font><a href="#_bookmark9"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">29</font></a></p>

<p align=left style="margin-bottom:.0001pt;margin-left:78.0pt;margin-right:0in;margin-top:.2pt;text-align:left;text-indent:-45.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;">2.6.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Redemption........................................................................................................... </font><a href="#_bookmark10"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">32</font></a></p>

<p align=left style="margin-bottom:.0001pt;margin-left:78.0pt;margin-right:0in;margin-top:.2pt;text-align:left;text-indent:-45.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;">2.7.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Voting</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.25pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Rights......................................................................................................... </font><a href="#_bookmark11"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">44</font></a></p>

<p align=left style="margin-bottom:.0001pt;margin-left:78.0pt;margin-right:0in;margin-top:.2pt;text-align:left;text-indent:-45.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;">2.8.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Rating</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.25pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Agencies..................................................................................................... </font><a href="#_bookmark12"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">48</font></a></p>

<p align=left style="margin-bottom:.0001pt;margin-left:78.0pt;margin-right:0in;margin-top:.2pt;text-align:left;text-indent:-45.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;">2.9.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Issuance of Additional</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.6pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Preferred</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.25pt;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Shares................................................................ </font><a href="#_bookmark13"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">49</font></a></p>

<p align=left style="margin-bottom:.0001pt;margin-left:78.0pt;margin-right:0in;margin-top:.2pt;text-align:left;text-indent:-45.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;">2.10.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Status of Redeemed or Repurchased</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.15pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">RVMTP</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.25pt;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Shares........................................... </font><a href="#_bookmark14"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">49</font></a></p>

<p align=left style="margin-bottom:.0001pt;margin-left:78.0pt;margin-right:0in;margin-top:.2pt;text-align:left;text-indent:-45.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;">2.11.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Distributions with respect to</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.1pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Taxable</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.25pt;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Allocations................................................. </font><a href="#_bookmark15"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">49</font></a></p>

<p align=left style="margin-bottom:.0001pt;margin-left:78.0pt;margin-right:5.95pt;margin-top:.2pt;text-align:left;text-indent:-45.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:100%;">2.12.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:100%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:100%;">Term Redemption
Liquidity Account and Liquidity Requirement for Term Redemption or Early</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.65pt;line-height:100%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:100%;">Term</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.25pt;line-height:100%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:100%;">Redemption........................................................................................ </font><a href="#_bookmark16"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.45pt;line-height:100%;text-decoration:none;">52</font></a></p>

<p align=left style="margin-bottom:.0001pt;margin-left:78.0pt;margin-right:0in;margin-top:.15pt;text-align:left;text-indent:-45.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;">2.13.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Global</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.3pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Certificate.................................................................................................. </font><a href="#_bookmark17"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">54</font></a></p>

<p align=left style="margin-bottom:.0001pt;margin-left:78.0pt;margin-right:0in;margin-top:.2pt;text-align:left;text-indent:-45.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;">2.14.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Notice.................................................................................................................... </font><a href="#_bookmark18"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">55</font></a></p>

<p align=left style="margin-bottom:.0001pt;margin-left:78.0pt;margin-right:0in;margin-top:.2pt;text-align:left;text-indent:-45.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;">2.15.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Termination............................................................................................................ </font><a href="#_bookmark19"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">55</font></a></p>

<p align=left style="margin-bottom:.0001pt;margin-left:78.0pt;margin-right:0in;margin-top:.2pt;text-align:left;text-indent:-45.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;">2.16.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Appendices............................................................................................................ </font><a href="#_bookmark20"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">55</font></a></p>

<p align=left style="margin-bottom:.0001pt;margin-left:78.0pt;margin-right:0in;margin-top:.2pt;text-align:left;text-indent:-45.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;">2.17.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Actions on Other than</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.8pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Business</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.2pt;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Days.................................................................... </font><a href="#_bookmark21"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">55</font></a></p>

<p align=left style="margin-bottom:.0001pt;margin-left:78.0pt;margin-right:0in;margin-top:.2pt;text-align:left;text-indent:-45.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;">2.18.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Modification.......................................................................................................... </font><a href="#_bookmark22"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">55</font></a></p>

<p align=left style="margin-bottom:.0001pt;margin-left:78.0pt;margin-right:0in;margin-top:.2pt;text-align:left;text-indent:-45.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;">2.19.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Transfers................................................................................................................ </font><a href="#_bookmark23"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">56</font></a></p>

<p align=left style="margin-bottom:.0001pt;margin-left:78.0pt;margin-right:0in;margin-top:.2pt;text-align:left;text-indent:-45.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;">2.20.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">No</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.25pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Additional</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.25pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Rights............................................................................................. </font><a href="#_bookmark24"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">57</font></a></p>

<p align=left style="margin-bottom:.0001pt;margin-left:78.0pt;margin-right:0in;margin-top:.2pt;text-align:left;text-indent:-45.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;">2.21.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Treatment of RVMTP Shares</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.8pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">as</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Equity................................................................ </font><a href="#_bookmark25"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">57</font></a></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_3"></a><a name="_bclPageBorder3"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:4.95pt;margin-right:5.0pt;margin-top:5.7pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">MFS INVESTMENT GRADE MUNICIPAL TRUST</font></p>

<p style="margin:0in;margin-top:.4pt;"><font face="Times New Roman" lang=EN-US style="font-size:14.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:19.65pt;margin-right:18.65pt;margin-top:0in;text-indent:10.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">STATEMENT ESTABLISHING AND FIXING THE RIGHTS AND PREFERENCES OF
REMARKETABLE VARIABLE RATE MUNIFUND TERM PREFERRED SHARES,</font></p>

<p style="margin:0in;margin-left:167.3pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">DATED AS OF July 20, 2021</font></p>

<p style="margin:0in;margin-top:.25pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:3.3pt;margin-top:0in;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">MFS
Investment Grade Municipal Trust (the &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Fund</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;), a Massachusetts business
trust, certifies that:</font></p>

<p style="margin:0in;margin-top:.35pt;"><font face="Times New Roman" lang=EN-US style="font-size:4.5pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:4.95pt;margin-right:5.0pt;margin-top:4.5pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">RECITALS</font></p>

<p style="margin:0in;margin-top:.25pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">FIRST: The Fund is authorized under&#160; Article III,
Section 1 of the Fund&#8217;s Agreement&#160; and Declaration of Trust, as amended (which,
as hereafter restated or amended from time to time, is herein called the &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Declaration</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;),
to authorize for issuance shares of the Trust in one or more classes and
series, with such preferences, powers, restrictions, limitations or
qualifications as determined by the Board of Trustees and as set forth in the
resolution or resolutions providing for the issuance of such</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.2pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">shares.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">SECOND: Pursuant to the authority expressly vested in
the Board of Trustees of the&#160; Fund by [Article III, Section 1] of the
Declaration, the Board of Trustees has, by resolution, authorized the issuance
of Preferred Shares, $0.01 par value per share, of the Fund, such shares to be
classified as Remarketable Variable Rate MuniFund Term Preferred Shares (&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">RVMTP</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;),
and such RVMTP to be issued in one or more series (each such series, a &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Series</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;).
The terms related to a Series may be set forth in this Statement through an
Appendix (as defined below) attached hereto or in a separate</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Statement.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">THIRD: The number of shares, preferences, voting powers,
restrictions, limitations as to dividends, qualifications, and terms and
conditions of redemption, of each Series of RVMTP subject to this Statement, as
now or hereafter authorized by the Board of Trustees, are set forth in this
Statement, as modified, amended or supplemented from time to time in an
appendix to this Statement (each, an &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Appendix</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; and collectively, the &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Appendices</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;)
specifically relating to such Series as now or hereafter authorized by the
Board of Trustees (each such Series being referred to herein as a &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Series of
RVMTP Shares</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">,&#8221; &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">RVMTP Shares of a Series</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; or a &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Series</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;, and
shares of all such Series subject to this Statement being referred to herein
individually, as an &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">RVMTP</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Share</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; and collectively, as the &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">RVMTP</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.25pt;line-height:115%;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Shares</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;).</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:74.65pt;margin-right:5.0pt;margin-top:10.0pt;text-align:center;"><a name="_bookmark0"></a><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">DEFINITIONS</font></p>

<p style="margin:0in;margin-top:.25pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:6.0pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><a name="_bookmark1"></a><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;">1.1.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Definitions</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. Unless the context or use indicates
another or different meaning or intent and except with respect to any Series as
specifically provided in the Appendix applicable to such Series, each of the
following terms when used in this Statement shall have</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.85pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_4"></a><a name="_bclPageBorder4"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:7.1pt;margin-top:3.7pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">meaning ascribed to it below, whether such term is used in
the singular or plural and regardless of</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">tense:</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">1940 Act</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means the Investment Company Act of
1940, as amended, or any successor statute, and the rules and regulations
thereunder, including any exemptions or interpretations of the SEC or its staff
thereunder.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">1940 Act Asset Coverage</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means &#8220;asset
coverage,&#8221; as defined for purposes of Section 18(h) of the 1940 Act as in
effect on the date hereof, with respect to all outstanding senior securities of
the Fund which are stock for purposes of the 1940 Act, including all
outstanding RVMTP Shares (as that term is defined in the 1940 Act as of the
date hereof or, in the event such definition shall be amended, with such changes
to the definition thereof as a result of any amendment after the date hereof,
provided that, with respect to any changes to the definition thereof related to
the implementation of Rule 18f-4 of the 1940 Act, such definitional changes
will be deemed to be effective for the purposes of this Agreement at such time
as the Fund elects, or is otherwise required, to begin compliance with Rule
18f-4), determined on the basis of values calculated as of a time within 48
hours (only including Business Days) next preceding the time of such</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">determination.]</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.95pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">1940 Act Asset Coverage Cure Date</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means, with
respect to the failure by the Fund to maintain 1940 Act Asset Coverage of at
least the Minimum Asset Coverage Level as of the close of business on a
Business Day (as required by </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.4(a)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> hereof), the date that is
thirty (30) calendar days following such Business Day.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.95pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Additional Amount Payment</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means a distribution
to a Holder of RVMTP Shares of an amount which, when combined with the amount
of the portion of any dividend to which a Taxable Allocation relates, and after
imposition of U.S. federal income tax, taking into account the assumptions in
the immediately following sentence, equals the after tax dollar amount of the
dividend that would have been received by such Holder if no Taxable Allocation
had been made with respect to such dividend. Such Additional Amount Payment
shall be calculated (i) without consideration being given to the time value of
money; (ii) assuming that no Holder is subject to the U.S. federal alternative
minimum tax with respect to dividends received from the Fund; and (iii)
assuming that each Taxable Allocation and each Additional Amount Payment
(except to the extent such Additional Amount Payment is reported as an exempt-
interest dividend for purposes of Section 852(b)(5) of the Code) would be
taxable, (x) in the case of the&#160; Purchaser (or (1) any&#160; entity&#160; taxed&#160; as a
corporation&#160; that&#160; (i) joins</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.05pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">in
filing a consolidated</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">U.S. federal corporate income tax return with the Purchaser, or (ii) is
otherwise an affiliate of the Purchaser and is taxed as a corporation (excluding
any such entity that is taxed as a regulated investment company under
Subchapter M of the Code), or (2) any entity that is a direct or indirect
wholly-owned subsidiary of one or more of the entities described in clause (1))
at the maximum marginal regular U.S. federal corporate income tax rate
applicable to ordinary income or</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.4pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">net</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">capital</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.5pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">gain,</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.4pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">as</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">applicable,</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.55pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">in</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.4pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">effect</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.5pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">at</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.4pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">time</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">such</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Additional</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.4pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Amount</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Payment</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">is</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">paid,</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_5"></a><a name="_bclPageBorder5"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:3.7pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">disregarding in each case the effect of any state
or local taxes, or (y) in the case of any other Holder (including for the
avoidance of doubt, any tender option bond trust (or similar vehicle or
arrangement)) at the greater of (A) the rate expressed in clause (x), or (B) the
maximum marginal regular U.S. federal individual income tax rate applicable to
ordinary income or net capital gain, as applicable, in effect at the time such
Additional Amount Payment is paid, disregarding in each case the effect of any
state or local taxes and assuming that section 1411 of the Code is applicable.</font></p>

<p style="margin:0in;margin-top:.3pt;"><font face="Times New Roman" lang=EN-US style="font-size:4.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.95pt;margin-top:4.5pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Adviser</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means Massachusetts Financial Services
Company, or such other entity as shall be then serving as the investment
adviser of the Fund, and shall include, as appropriate, any sub-adviser duly
appointed by the Adviser.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Agent Member</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means a Person with an account at
the Securities Depository that holds one or more RVMTP Shares through the
Securities Depository, directly or indirectly, for a Designated Owner and that
will be authorized and instructed, directly or indirectly, by a Designated
Owner to disclose information to the Remarketing Settlement Agent, if any, and
the Tender and Paying Agent with respect to such Designated</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.55pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Owner.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Appendices</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; and &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Appendix</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; shall have
the respective meanings as set forth in the Recitals of this Statement.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Applicable Spread</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means, with respect to any
Series, the Applicable Spread for such Series set forth in the Appendix for
such Series.</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:76.95pt;margin-right:99.7pt;margin-top:10.0pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Banks</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;
shall have the meaning as set forth in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Section 2.19(a)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">.</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Below Investment Grade</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means any obligation,
the highest rating for which from any of Moody&#8217;s, S&amp;P and Fitch is:</font></p>

<p align=left style="margin-bottom:.0001pt;margin-left:113.95pt;margin-right:5.9pt;margin-top:10.0pt;text-align:left;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;">(a)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">lower
than Baa3 (or unrated or with rating withdrawn), in the case of</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Moody&#8217;s,</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin-bottom:0in;margin-left:113.95pt;margin-right:5.9pt;margin-top:0in;text-align:left;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;">(b)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">lower
than BBB- (or unrated or with rating withdrawn), in the case of S&amp;P,</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">and</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin-bottom:0in;margin-left:113.95pt;margin-right:5.9pt;margin-top:0in;text-align:left;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;">(c)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">lower
than BBB- (or unrated or with rating withdrawn), in the case of</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Fitch.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Board of Trustees</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means the Board of Trustees
of the Fund or any duly authorized committee thereof.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Business Day</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means any day (a) other than a
day on which commercial banks in The City of New York, New York are required or
authorized by law or executive order to close and (b) on which the New York
Stock Exchange is not</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.55pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">closed.</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_6"></a><a name="_bclPageBorder6"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:17.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-left:6.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">time.</font></p>

<font face="times new roman" lang=EN-US style="font-size:12.0pt;"><br clear=all>


</font><p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:0in;margin-top:3.7pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">By-Laws</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.4pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.35pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.3pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">By-Laws</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.35pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">of</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.3pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.3pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Fund,</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.3pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">as</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.3pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">amended</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.35pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">or</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.3pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">restated</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.3pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">from</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.3pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">time</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.4pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">to</font></p>

<p style="margin:0in;margin-top:.15pt;"><font face="Times New Roman" lang=EN-US style="font-size:14.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:.05pt;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.5pt;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.5pt;">Closed-End
Funds</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.5pt;">&#8221; shall have the meaning as set forth in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.5pt;">Section 2.19(a)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.5pt;">. &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.5pt;">Closing</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.4pt;line-height:25.5pt;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.5pt;">Date</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.5pt;">&#8221;</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.35pt;line-height:25.5pt;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.5pt;">means,</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.45pt;line-height:25.5pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.5pt;">with</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.35pt;line-height:25.5pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.5pt;">respect</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.4pt;line-height:25.5pt;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.5pt;">to</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.35pt;line-height:25.5pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.5pt;">any</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.4pt;line-height:25.5pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.5pt;">Series,</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.4pt;line-height:25.5pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.5pt;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.35pt;line-height:25.5pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.5pt;">Closing</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.4pt;line-height:25.5pt;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.5pt;">Date</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.4pt;line-height:25.5pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.5pt;">for</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.4pt;line-height:25.5pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.5pt;">such</font></p>








<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:0in;margin-top:2.4pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Series set forth in the Appendix
for such Series.</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-left:78.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Code</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221; means the
Internal Revenue Code of 1986, as amended, or any successor</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:0in;margin-top:2.1pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">statute.</font></p>

<p style="margin:0in;margin-top:.55pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-left:78.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Common Shares</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221; means
the common shares of beneficial interest, par value</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:0in;margin-top:2.1pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">$0.01 per share, of the Fund.</font></p>

<p style="margin:0in;margin-top:.55pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Conditional&#160; Acceptance</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;&#160; shall&#160;&#160; have&#160;&#160; the&#160;&#160;
meaning&#160;&#160; as&#160;&#160; set&#160;&#160; forth&#160;&#160; in&#160; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:115%;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">2.6(a)(ii)(B)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Custodian</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means a bank, as defined in Section
2(a)(5) of the 1940 Act, that has the qualifications prescribed in paragraph 1
of Section 26(a) of the 1940 Act, or such other entity as shall be providing
custodian services to the Fund as permitted by the 1940 Act or any rule,
regulation, or order thereunder, and shall include, as appropriate, any
similarly qualified sub- custodian duly appointed by the Custodian.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Custodian Agreement</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means any Custodian
Agreement by and between the Custodian and the Fund.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Date of Original Issue</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means, with respect to
any Series, the date specified as the Date of Original Issue for such Series in
the Appendix for such Series.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:78.0pt;margin-right:7.35pt;margin-top:10.0pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:186%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:186%;">Declaration</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:186%;">&#8221; shall have the meaning as set forth in the Recitals
of this Statement. &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:186%;">Default</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:186%;">&#8221; shall mean a Dividend Default or a
Redemption Default.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:.1pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Deposit Securities</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means, as of any date, any
United States dollar-denominated security or other investment of a type described
below that either (i) is a demand obligation payable to the holder thereof on
any Business Day or (ii) has a maturity date, mandatory redemption date or
mandatory payment date, on its face or at the option of the holder, preceding
the relevant Redemption Date, Dividend Payment Date or other payment date in
respect of which such security or other investment has been deposited or set
aside as a Deposit Security:</font></p>

<p align=left style="margin-bottom:.0001pt;margin-left:132.0pt;margin-right:0in;margin-top:10.0pt;text-align:left;text-indent:-.75in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;">(1)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">cash or any cash</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.2pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">equivalent;</font></p>

<p style="margin:0in;margin-top:.25pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p align=left style="margin-bottom:.0001pt;margin-left:132.0pt;margin-right:0in;margin-top:.05pt;text-align:left;text-indent:-.75in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;">(2)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">any U.S. Government</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.35pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Obligation;</font></p>

<p style="margin:0in;margin-top:.25pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p align=left style="margin-bottom:0in;margin-left:41.95pt;margin-right:5.9pt;margin-top:0in;text-align:left;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;">(3)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">any Municipal Security
that has a credit rating from at least one NRSRO&#160; that&#160; is&#160; the&#160; highest&#160;
applicable&#160; rating&#160; generally&#160; ascribed&#160; by&#160; such&#160; NRSRO</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.75pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">to</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_7"></a><a name="_bclPageBorder7"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:41.95pt;margin-right:5.9pt;margin-top:3.7pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Municipal Securities with substantially similar
terms as of the date of this Statement (or such rating&#8217;s future equivalent),
including (A) any such Municipal Security that has been pre-refunded by the
issuer thereof with the proceeds of such refunding having been irrevocably
deposited in trust or escrow for the repayment thereof and (B) any such fixed or
variable rate Municipal Security that qualifies as an eligible security under
Rule 2a-7 under the 1940 Act;</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:41.95pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;">(4)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">any investment in
any money market fund registered under the 1940 Act that qualifies under Rule
2a-7 under the 1940 Act, including without limitation, MFS Institutional Money
Market Portfolio, or any similar investment vehicle described in Rule
12d1-1(b)(2) under the 1940 Act;</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">or</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:42.0pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;">(5)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">any letter of
credit from a bank or other financial institution that has a credit rating from
at least one NRSRO that is the highest applicable rating generally ascribed by
such NRSRO to bank deposits or short-term debt of similar banks or other
financial institutions as of the date of this Statement (or such rating&#8217;s
future</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.6pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">equivalent).</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Designated Owner</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means a Person in whose name
RVMTP Shares of any Series are recorded as beneficial owner of such RVMTP
Shares by the Securities Depository, an Agent Member or other securities
intermediary on the records of such Securities Depository, Agent Member or
securities intermediary, as the case may</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">be.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Designated Owner Term Extension Request</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; shall
have the meaning as set forth in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(a)(ii)(A)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Discounted Value</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means, with respect to any
asset held by the Fund as of any date, the quotient of the Market Value of such
asset divided by the applicable discount factor set forth in the applicable
Rating Agency Guidelines (using the discount factors applicable to the rating
assigned as of such date to the RVMTP Shares by the applicable Rating Agency),
as adjusted to take account of any diversification requirements in the
applicable Rating Agency Guidelines.</font></p>

<p style="margin:0in;margin-top:.3pt;"><font face="Times New Roman" lang=EN-US style="font-size:4.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:78.0pt;margin-right:0in;margin-top:4.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Dividend Default</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221; shall
have the meaning as set forth in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Section 2.2(g)(i)(A)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">.</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Dividend Payment Date</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means, with respect to
any Series, the first Business Day of each calendar month that any shares of
such Series are Outstanding; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">provided</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">however</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, that with respect
to any Series for which the first Dividend Period, as specified in the Appendix
relating to such Series, is longer than one (1) month, the first Dividend Payment
Date for such Series shall be the first Business Day of the calendar month
immediately following the end of such Dividend Period.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Dividend Period</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means, with respect to any
Series, the Dividend Period for such Series set forth in the Appendix for such</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.4pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Series.</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_8"></a><a name="_bclPageBorder8"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:3.7pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Dividend Rate&#8221;</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> means,
with respect to any Rate Period for a Series of RVMTP Shares and subject to the
adjustment described in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.11(a)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, the sum of the Index Rate for
such Rate Period plus the Applicable Spread for such Rate Period plus the
Failed Remarketing Spread, if any; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">provided</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">however</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, that with
respect to any Increased Rate Period (or any portion of a Rate Period to which
the Increased Rate otherwise applies), the Dividend Rate shall mean the
Increased Rate for such Increased Rate Period (or such portion of a Rate
Period); and </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">provided</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">further</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> that the Dividend Rate (exclusive
of any Additional Amount Payment) for any Rate Period (or portion thereof)
shall in no event exceed the Maximum</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.8pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Rate.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.95pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Early Term Redemption Date</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means, with respect
to any Series, the date specified as the Early Term Redemption Date (if any) in
the Appendix for such Series.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Early Term Redemption Price</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means with respect
to any Series, the price per share equal to the Liquidation Preference per
share plus an amount equal to all unpaid dividends and other distributions on
such RVMTP Shares accumulated from and including the Date of Original Issue of
such Series of RVMTP Shares to (but excluding) the Early Term Redemption Date
with respect to such Series of RVMTP Shares (whether or not earned or declared
by the Fund, but excluding interest thereon).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:78.0pt;margin-right:5.9pt;margin-top:.45pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">Effective Leverage Ratio</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">&#8221; shall have the meaning as set forth
in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">Section 2.4(d)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">. &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">Effective Leverage Ratio Cure Date</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">&#8221; shall
have the meaning as set forth in</font></p>

<p style="margin:0in;margin-left:6.0pt;text-align:justify;"><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:13.25pt;">Section 2.6(b)(ii)(A)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:13.25pt;">.</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.95pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Electronic Means</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means email transmission,
facsimile transmission or other similar electronic means of communication
providing evidence of transmission (but excluding online communications systems
covered by a separate agreement) acceptable to the sending party and the
receiving party, in any case if operative as between any two parties, or, if
not operative, by telephone (promptly confirmed by any other method set forth
in this definition), which, in the case of notices to the Tender and Paying
Agent and the Custodian, shall be sent by such means to each of its
representatives set forth in the Tender and Paying Agent Agreement and the
Custodian Agreement,</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.25pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">respectively.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Exchange Act</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means the U.S. Securities
Exchange Act of 1934, as amended, or any successor statute, and the rules and
regulations thereunder, including any exemptions or interpretations of the SEC
or its staff thereunder.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:78.0pt;margin-right:5.9pt;margin-top:.5pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">Failed Remarketing</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">&#8221; shall have the meaning set forth in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">Section
2.5(c)(i)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">. &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">Failed</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.4pt;line-height:25.9pt;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">Remarketing</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.55pt;line-height:25.9pt;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">Spread</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">&#8221;</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.4pt;line-height:25.9pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">means</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.5pt;line-height:25.9pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">(i)</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.4pt;line-height:25.9pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">for</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.45pt;line-height:25.9pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">so</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.45pt;line-height:25.9pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">long</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.4pt;line-height:25.9pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">as</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.45pt;line-height:25.9pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">two</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.4pt;line-height:25.9pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">or</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.45pt;line-height:25.9pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">more</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.45pt;line-height:25.9pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">Failed</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Remarketings have not occurred, 0.50%, and (ii) following the second
occurrence of a Failed Remarketing, 0.50% multiplied by the number of Failed
Remarketings that have occurred after the first Failed Remarketing.</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_9"></a><a name="_bclPageBorder9"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:3.3pt;margin-top:3.7pt;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Fitch</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means Fitch Ratings, a part of the Fitch
Group, or any successor or successors thereto.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:78.0pt;margin-right:3.3pt;margin-top:.5pt;text-indent:3.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">Fund</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">&#8221; shall have the meaning as set forth in the Preamble to
this Statement. &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">Holder</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">&#8221; means, with respect to the RVMTP Shares of any
Series or any other</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:18.65pt;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">security issued
by the Fund, a Person in whose name such security is registered in the
registration books of the Fund maintained by the Tender and Paying Agent or</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.8pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">otherwise.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:18.65pt;margin-top:9.45pt;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Holder
Term Extension Request</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; shall have the meaning as&#160; set&#160; forth&#160; in&#160; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:115%;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">2.6(a)(iii)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:3.3pt;margin-top:10.0pt;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Increased
Rate</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means, with respect to any Series, the Increased Rate for such Series
set forth in the Appendix for such Series.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:78.0pt;margin-right:3.3pt;margin-top:.45pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">Increased
Rate Period</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">&#8221; shall have the meaning as set forth in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">Section 2.2(g)(i)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">.
&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">Index Rate</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">&#8221; means, with respect to any Series, the Index Rate for such
Series set</font></p>

<p style="margin:0in;margin-left:6.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:13.25pt;">forth in the
Appendix for such Series.</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Initial Rate Period</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means, with respect to the
RVMTP Shares of any Series, the period commencing on and including the Date of
Original Issue thereof and ending on, and including, the next succeeding
calendar day that is a Wednesday (or if such Wednesday is not a Business Day,
the next succeeding Business Day).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Initial Spread Period</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means, with respect to
any Series, the Initial Spread Period for such Series set forth in the Appendix
for such Series.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Liquidation Preference</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means, with respect to
any Series, the amount specified as the liquidation preference per share for
that Series in the Appendix for such Series.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Liquidity Account Initial Date</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means, with
respect to any Series, the date designated as the Liquidity Account Initial
Date in the Appendix for such Series.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Liquidity Account Investments</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means Deposit
Securities or any other security or investment owned by the Fund that is rated
not less than A3 by Moody&#8217;s, A- by S&amp;P, A- by Fitch or an equivalent rating
by any other NRSRO (or any such rating&#8217;s future equivalent) or if not rated,
determined by the Adviser to be of comparable quality.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:78.0pt;margin-right:5.9pt;margin-top:.5pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">Liquidity Requirement</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">&#8221; shall have the meaning as set forth in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">Section
2.12(b)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">. &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">Lock-Out Date</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">&#8221; means, with respect to any Series, the
Lock-Out Date for such</font></p>

<p style="margin:0in;margin-left:6.0pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:13.25pt;">Series set forth in the Appendix for such Series.</font></p>

<p style="margin:0in;margin-top:.55pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.95pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Mandatory 1940 Act Asset Coverage Redemption Price</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;
shall have the meaning as set forth in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(b)(i)(A)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">.</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_10"></a><a name="_bclPageBorder10"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:3.7pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Mandatory Tender</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;
means, in connection with a Remarketing, the required tender of all RVMTP
Shares of a particular Series (except to the extent affirmatively retained by
any applicable Holder of RVMTP Shares of such Series pursuant to </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section
2.5(a)(iv)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">) to the Remarketing Settlement Agent for purchase on the
applicable Mandatory Tender Date.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Mandatory&#160; Tender&#160; Date</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;&#160; shall&#160; have&#160; the&#160;&#160;
meaning&#160;&#160; as&#160;&#160; set&#160;&#160; forth&#160;&#160; in&#160;&#160; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:115%;">
</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">2.5(a)(iii)(C)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Mandatory&#160; Tender&#160; Event</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;&#160; shall&#160; have&#160; the&#160;&#160;
meaning&#160;&#160; as&#160;&#160; set&#160;&#160; forth&#160;&#160; in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:115%;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">2.5(a)(i)(C)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Mandatory Tender Redemption Date</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; shall have
the meaning as set forth in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:115%;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">2.6(a)(iv)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Mandatory Tender Redemption Price</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; shall have
the meaning as set forth in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:115%;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">2.6(a)(iv)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Market Value</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; of any asset of the Fund means
for securities for which market quotations are readily available, the market
value thereof determined on the basis of official closing prices or the last
reported sales prices on the valuation date, or if no sales are reported on the
valuation date, based on quotes obtained from established market makers or
prices (including evaluated prices) supplied by the Fund's approved pricing
services, quotation reporting systems and other third-party sources.
Investments for which market quotes or market based valuations are not readily
available are valued at fair value as determined in good faith by the Board of
Trustees or persons acting at their direction pursuant to the Fund&#8217;s valuation
policies and procedures approved from time to time by the Board of Trustees for
the purpose of determining the net asset value of the Common Shares, which
procedures may include the use of pricing services broadly recognized in the
tax-exempt market; provided that, if JPMorgan Chase Bank,</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">N.A. holds more than 50% of the number of Outstanding RVMTP Shares, the
Fund will provide notice of such other third-party pricing service to JPMorgan
Chase Bank, N.A. The pricing service initially designated by the Board of
Trustees will be ICE Data Services. Market Value of any asset shall include any
interest accrued thereon.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:78.0pt;margin-right:0in;margin-top:10.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Maximum Rate</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221; means 15%
per annum.</font></p>

<p style="margin:0in;margin-top:.55pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">MFS Person</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means the Adviser or any affiliated
person&#160; (as&#160; defined&#160; in&#160; Section 2(a)(3) of the 1940 Act) of the Adviser
(other than the Fund, in the case of a redemption or purchase of the RVMTP
Shares which are to be cancelled within ten (10) calendar days of purchase by
the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Fund).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Minimum Asset Coverage Level</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means, with
respect to any Series, the Minimum Asset Coverage Level for such Series set
forth in the Appendix for such Series.</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_11"></a><a name="_bclPageBorder11"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:3.7pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Moody&#8217;s</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means Moody&#8217;s
Investors Service, Inc. and any successor or successors thereto.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.95pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Municipal Securities</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means obligations
(whether documented as securities or as loans) of a State, the District of
Columbia, a U.S. territory or possession (including, without limitation, Puerto
Rico, Guam and the U.S. Virgin Islands), or a political subdivision thereof and
including general obligations, limited obligation bonds, revenue bonds, and
obligations that satisfy the requirements of section 142(b)(1) of the Internal
Revenue Code of 1986 issued by or on behalf of any State, the District of
Columbia, any U.S. territory or any political subdivision thereof, including
any municipal corporate instrumentality of 1 or more States, or any public
agency or authority of any State, the District of Columbia, any U.S. territory
or any political subdivision thereof.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">No Adverse Effect Opinion</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means an opinion of
nationally recognized counsel to the effect that the requested action, if
undertaken, will not have an adverse effect on any of the opinions of counsel
delivered in connection with the issuance of the RVMTP Shares.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Notice&#160; of&#160; Mandatory&#160; Tender</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;&#160; shall&#160; have&#160;
the&#160;&#160; meaning&#160;&#160; set&#160;&#160; forth&#160;&#160; in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:115%;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">2.5(a)(ii)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:78.0pt;margin-right:3.3pt;margin-top:.45pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">Notice of
Redemption</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">&#8221; shall have the meaning as set forth in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">Section 2.6(e)(i)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">.
&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">Notice of Special Terms Period</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">&#8221; shall have the meaning as set forth in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">Section</font></u></p>

<p style="margin:0in;margin-left:6.0pt;"><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:13.3pt;">2.2(h)(iii)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:13.3pt;">.</font></p>

<p style="margin:0in;margin-top:.55pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-left:78.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Notice of Taxable
Allocation</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221; shall have the meaning as set forth in</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:0in;margin-top:2.05pt;"><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Section 2.11(a)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">.</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">NRSRO</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means (a) each of Fitch, Moody&#8217;s and
S&amp;P so long as such Person is a nationally recognized statistical rating
organization within the meaning of Section 3(a)(62) of the Exchange Act and (b)
any other nationally recognized statistical rating organization within the meaning
of Section 3(a)(62) of the Exchange Act that is not an &#8220;affiliated person&#8221; (as
defined in Section 2(a)(3) of the 1940 Act) of the Fund.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Optional&#160; Redemption&#160; Date</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;&#160; shall&#160; have&#160; the&#160;
meaning&#160; as&#160; set&#160; forth&#160; in&#160;&#160; Section</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">2.6(c)(i).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;Optional Redemption Premium&#8221; means, with respect to
any Series, the premium, if any, payable by the Fund upon the redemption of
RVMTP Shares of such Series at the option of the Fund, as set forth in the
Appendix for such Series.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Optional&#160; Redemption&#160; Price</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;&#160; shall&#160; have&#160; the&#160;
meaning&#160; as&#160; set&#160; forth&#160; in&#160;&#160; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:115%;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">2.6(c)(i)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">.</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_12"></a><a name="_bclPageBorder12"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:3.7pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Other Rating Agency</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;
means, at any time, each Rating Agency, if any, other than Fitch, S&amp;P, or
Moody&#8217;s then providing a rating for the RVMTP Shares pursuant to the request of
the Fund and with the consent of the Holders of a majority of the RVMTP Shares,
which shall not be unreasonably withheld by such</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.3pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Holders.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Other Rating Agency Eligible Assets</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means
assets of the Fund set forth in the Rating Agency Guidelines of an Other Rating
Agency, if any, as eligible for inclusion in calculating the Discounted Value
of the Fund&#8217;s assets in connection with the rating provided by such Other
Rating Agency with respect to any Series of RVMTP Shares.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Outstanding</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means, as of any date with respect
to RVMTP Shares of any Series, the number of RVMTP Shares of such Series
theretofore issued by the Fund except (without duplication):</font></p>

<p style="margin:0in;margin-top:.3pt;"><font face="Times New Roman" lang=EN-US style="font-size:4.5pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.0pt;margin-right:5.9pt;margin-top:4.5pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(a)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">any RVMTP Shares of such Series
theretofore exchanged, cancelled, retired or redeemed or delivered to the
Tender and Paying Agent for cancellation or redemption in accordance with the
terms</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.2pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">hereof;</font></p>

<p style="margin-bottom:.0001pt;margin-left:41.95pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(b)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">any RVMTP Shares of such Series as to
which the Fund shall have given a Notice of Redemption and irrevocably
deposited with the Tender and Paying Agent Deposit Securities with an aggregate
Market Value sufficient to redeem such shares in accordance with the applicable
subsection of </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> hereof;</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.85pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">and</font></p>

<p style="margin-bottom:.0001pt;margin-left:42.0pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(c)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">any RVMTP Shares of such Series as to
which the Fund is the Holder or the Designated</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Owner.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:75.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Person</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means and includes an individual, a
partnership, a trust, a corporation, a limited liability company, an
unincorporated association, a joint venture or other entity or a government or
any agency or political subdivision thereof.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Preferred Shares</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means the authorized
preferred shares of beneficial interest of the Fund, including RVMTP Shares of
each Series, shares of any other series of preferred shares of beneficial
interest now or hereafter issued by the Fund, and any other shares of
beneficial interest hereafter authorized and issued by the Fund of a class
having priority over another class as to distribution of assets or payments of
dividends.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:78.0pt;margin-right:5.95pt;margin-top:.5pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">&quot;Pro Rata Allocation&quot; shall have the meaning set forth in
Section 2.6(b)(i)(A). &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">Purchase Agreement</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">&#8221; means (i) with respect to the
initial Series of</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.6pt;line-height:25.9pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">RVMTP</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Shares issued pursuant to this Statement, the Purchase Agreement to be
dated as of July 20, 2021 between the Fund and the Purchaser and (ii) with
respect to any subsequent Series of RVMTP Shares issued pursuant to this
Statement, the purchase agreement or other similar agreement for the RVMTP
Shares of such Series (if any) specified in the Appendix for such Series.</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_13"></a><a name="_bclPageBorder13"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:78.0pt;margin-right:0in;margin-top:3.7pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Purchaser</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;
means JPMorgan Chase Bank, N.A.</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Rate Determination Date</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means, with respect to
the Initial Rate Period for any Series of RVMTP Shares, the calendar day
immediately preceding the Date of Original Issue of such Series and, with
respect to any Subsequent Rate Period for any Series of RVMTP Shares, the last
calendar day of the immediately preceding Rate Period for such Series, or, if
in either case, such calendar day is not a Business Day, the next succeeding
Business Day; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">provided</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">however</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, that the next succeeding Rate
Determination Date will be determined without regard to any prior extension of
a Rate Determination Date to a Business Day.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Rate Period</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means, with respect to any Series
of RVMTP Shares, the Initial Rate Period and any Subsequent Rate Period of the
RVMTP Shares of such Series.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.95pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Rate Period Termination Date</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means, with
respect to any Series, the Rate Period Termination Date for such Series set
forth in the Appendix for such</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.1pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Series.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Rating Agency</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means, as of any date and in
respect of a Series of RVMTP Shares, (i) any of Fitch, Moody&#8217;s, or S&amp;P, to
the extent it maintains a rating on the RVMTP Shares of such Series on such
date and has not been replaced as a Rating Agency in accordance with </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section
2.8</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> and (ii) any Other Rating Agency designated as a Rating Agency on such
date in accordance with </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.8</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. In the event that at any time any
Rating Agency (A) ceases to be a Rating Agency for purposes of any Series of
RVMTP Shares and such Rating Agency has been replaced by an Other Rating Agency
in accordance with </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.8</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, any references to any credit rating of
the replaced Rating Agency in this Statement or any Appendix shall be deleted
for purposes hereof as provided below and shall be deemed instead to be
references to the equivalent credit rating of the Other Rating Agency that has
replaced such Rating Agency as of the most recent date on which such
replacement Other Rating Agency published credit ratings for such Series of
RVMTP Shares or (B) designates a new rating definition for any credit rating of
such Rating Agency with a corresponding replacement rating definition for such
credit rating of such Rating Agency, any references to such replaced rating
definition of such Rating Agency contained in this Statement or any Appendix
shall instead be deemed to be references to such corresponding replacement
rating definition. In the event that at any time the designation of any Rating
Agency as a Rating Agency for purposes of any Series of RVMTP Shares is
terminated in accordance with </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.8</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, any rating of such terminated
Rating Agency, to the extent it would have been taken into account in any of
the provisions of this Statement or the Appendix for such Series, shall be
disregarded, and only the ratings of the then-designated Rating Agencies for
such Series shall be taken into account for purposes of this Statement and such
Appendix, provided that, for purposes of determining the Dividend Rate
applicable to a Rate Period, any designation of a Rating Agency after the Rate
Determination Date for such Rate Period will take effect on or as of the next
succeeding Rate Determination</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.3pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Date.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:78.0pt;margin-right:0in;margin-top:9.95pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Rating Agency Certificate</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;
shall have the meaning set forth in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Section 2.4(f)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">.</font></p>









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<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:3.7pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Rating Agency Guidelines</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;
means the guidelines of any Rating Agency, as they may be amended or modified
from time to time, compliance with which is required to cause such Rating
Agency to continue to issue a rating with respect to a Series of RVMTP Shares
for so long as such Series is</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.2pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Outstanding.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:10.0pt;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Rating&#160;&#160;&#160; Agency&#160;&#160;&#160; Withdrawal</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;&#160;&#160;&#160; shall&#160;&#160;&#160;&#160; have&#160;&#160;&#160; the&#160;&#160;&#160; meaning&#160;&#160;&#160; set&#160;&#160;&#160; forth&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.45pt;line-height:115%;">in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:115%;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">2.2(g)(i)(C)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:78.0pt;margin-right:5.9pt;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">Ratings
Event</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">&#8221; shall have the meaning set forth in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">Section 2.2(g)(i)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">. &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">Redemption&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Date</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">&#8221;&#160;&#160;&#160; means&#160;&#160;&#160; with&#160;&#160;&#160; respect&#160;&#160;&#160; to&#160;&#160;&#160; a&#160;&#160;&#160; redemption&#160;&#160;&#160; pursuant&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.45pt;line-height:25.9pt;">to</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:3.3pt;margin-top:0in;"><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section
2.6(a)(i)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">(b)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> or (c), the date fixed for redemption as stated in
the Notice of Redemption with respect to such redemption.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:78.0pt;margin-right:3.3pt;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">Redemption
Default</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">&#8221; shall have the meaning as set forth in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">Section 2.2(g)(i)(B)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">.
&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">Redemption Price</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">&#8221; shall mean the Term Redemption Price, the Mandatory</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.8pt;line-height:25.9pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">1940</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:3.3pt;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Act Asset
Coverage Redemption Price, the Mandatory Tender Redemption Price, or the
Optional Redemption Price, as applicable.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:9.35pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Registration Rights Agreement</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means (i) with
respect to the initial Series of RVMTP Shares issued pursuant to this
Statement, the Registration Rights Agreement to be dated as of July 20, 2021
between the Fund and the Purchaser and (ii) with respect to any subsequent
Series of RVMTP Shares issued pursuant to this Statement, the registration
rights agreement or other similar agreement for the RVMTP Shares of such Series
(if any) specified in the Appendix for such Series.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Remarketing</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means the offering of RVMTP Shares
for resale as described in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.5(b)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. RVMTP Shares that are
remarketed in connection with a Remarketing are described as having been &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Remarketed</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Remarketing Purchase Price</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means, with respect
to the RVMTP Shares subject to a Remarketing, a price per share equal to the
Liquidation Preference per share plus an amount equal to all unpaid dividends
and other distributions on such RVMTP Shares accumulated from and including the
Date of Original Issue of such RVMTP Shares to (but excluding) the Mandatory
Tender Date for such RVMTP Shares (whether or not earned or declared by the
Fund, but excluding interest</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">thereon).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Remarketing Settlement Agent</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means the entity
appointed as such by the Fund with respect to a Remarketing of any Series of
the RVMTP Shares and any additional or successor entities appointed by the Fund
pursuant to a Remarketing Settlement Agent Agreement with the Fund.</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_15"></a><a name="_bclPageBorder15"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:3.7pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Remarketing Settlement
Agent Agreement</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means the Remarketing Settlement Agent Agreement, if any,
with respect to the RVMTP Shares, between the Fund and the Remarketing
Settlement Agent and any other party thereto, as amended, modified or
supplemented from time to time, or any similar agreement with a successor
Remarketing Settlement Agent.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:78.0pt;margin-right:5.9pt;margin-top:.5pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">RVMTP</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">&#8221; shall have the meaning as set forth in the Recitals of
this Statement. &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">RVMTP</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.55pt;line-height:25.9pt;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">Shares</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">&#8221;</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.55pt;line-height:25.9pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">shall</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.6pt;line-height:25.9pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">have
the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.55pt;line-height:25.9pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">meaning</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.6pt;line-height:25.9pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">as</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.55pt;line-height:25.9pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">set</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.55pt;line-height:25.9pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">forth in</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.55pt;line-height:25.9pt;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.55pt;line-height:25.9pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">Recitals</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.6pt;line-height:25.9pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">of this</font></p>








<p style="margin:0in;margin-left:6.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:13.25pt;">Statement.</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:13.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-top:.3pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-left:6.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">this</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.6pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Statement.</font></p>

<font face="times new roman" lang=EN-US style="font-size:12.0pt;"><br clear=all>


</font>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0pt;margin-right:0in;margin-top:10.35pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">RVMTP Shares of a Series</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;
shall have the meaning as set forth in the Recitals of</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:13.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-top:.35pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-left:0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">SEC</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221; means the U.S.
Securities and Exchange Commission.</font></p>

<p style="margin:0in;margin-top:.55pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-left:0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Securities</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.55pt;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Act</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.55pt;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">means</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.6pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.55pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">U.S.</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.55pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Securities</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.55pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Act</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.55pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">of
1933,</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.55pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">as</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.55pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">amended,</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.65pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">or any</font></p>








<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:2.1pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">successor statute, and the rules and regulations thereunder, including
any exemptions or interpretations of the SEC or its staff thereunder.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Securities Depository</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; shall mean The
Depository Trust Company and its successors and assigns or any other securities
depository selected by the Fund that agrees to follow the procedures required
to be followed by such securities depository as set forth in this Statement
with respect to the RVMTP Shares.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:9.95pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Series</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; and &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Series of RVMTP Shares</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;
shall have the meanings as set forth in the Recitals of this Statement.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">SIFMA Municipal Swap Index</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means the
Securities Industry and Financial Markets Association Municipal Swap Index, or
such other weekly, high-grade index comprised of seven-day, tax-exempt variable
rate demand notes produced by Bloomberg L.P. or its successor, or as otherwise
designated by the Securities Industry and Financial Markets Association; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">provided</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">,
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">however</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, that if such index is no longer produced by Bloomberg L.P. or
its successor, then SIFMA Municipal Swap Index shall mean (i) the S&amp;P
Municipal Bond 7 Day High Grade Rate Index produced by S&amp;P Financial
Services LLC or its successors or (ii) if the S&amp;P Municipal Bond 7 Day High
Grade Rate Index is no longer produced, such other reasonably comparable index
selected in good faith by the Board of Trustees of the Fund and consented to in
writing by Holders of greater than 50% of RVMTP</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.65pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Shares.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:78.0pt;margin-right:5.9pt;margin-top:2.5pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">Special Terms Period</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">&#8221; shall have the meaning as set forth in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">Section
2.2(h)(i)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">. &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">Spread Adjustment</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">&#8221; means, with respect to any Series,
the Spread Adjustment</font></p>

<p style="margin:0in;margin-left:6.0pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:13.25pt;">for such Series set forth in the Appendix for such Series.</font></p>









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<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:3.7pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">S&amp;P</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means
Standard &amp; Poor&#8217;s Ratings Services, a Standard &amp; Poor&#8217;s Financial
Services LLC business, and any successor or successors thereto.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Statement</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means this Statement Establishing
and Fixing the Rights and Preferences of Remarketable Variable Rate MuniFund
Term Preferred Shares, initially dated as of July 20, 2021, as it may be
amended from time to time in accordance with its terms.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Subsequent Rate Period</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means, with respect to
any Series of RVMTP Shares, the period consisting of seven (7) calendar days,
but adjusted in each case to reflect any changes when the regular calendar day
that is a Rate Determination Date is not a Business Day, from, and including,
the first calendar day following the Initial Rate Period of such Series to, and
including, the next Rate Determination Date for such Series and any period thereafter
from, and including, the first calendar day following a Rate Determination Date
for shares of such Series to, and including, the next succeeding Rate
Determination Date for shares of such Series.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Subsequent Spread Period</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means, with respect
to any Series, the Subsequent Spread Period for such Series set forth in the
Appendix for such Series.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Supplemental Spread</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means, with respect to any
Series, the Supplemental Spread for such Series set forth in the Appendix for
such Series.</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:23.2pt;margin-right:5.0pt;margin-top:10.0pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Tax
Event</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221; shall have the meaning as set forth in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Section 2.2(g)(i)(E)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">.</font></p>

<p style="margin:0in;margin-top:.55pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Taxable Allocation</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means, with respect to any
Series, the characterization of all or a portion of any dividend for U.S.
federal income tax purposes paid in respect of such Series as net capital gains
or other income taxable for regular U.S. federal individual income tax
purposes.</font></p>

<p style="margin:0in;margin-top:.35pt;"><font face="Times New Roman" lang=EN-US style="font-size:4.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:4.5pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Tender and Paying Agent</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means, with respect to
any Series, The Bank of New York Mellon and its successors or any other Tender
and Paying Agent appointed by the Fund with respect to such Series.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Tender and Paying Agent Agreement</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means, with
respect to any Series, the Tender and Paying Agent Agreement dated July 20,
2021 by and among the Tender and Paying Agent, the Fund and certain other
Persons, and as the same may be amended, restated or modified from time to
time, or any similar agreement between the Fund and any other Tender and Paying
Agent appointed by the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.35pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Fund.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Term&#160; Redemption&#160; Amount</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;&#160; shall&#160; have&#160; the&#160;
meaning&#160; as&#160; set&#160; forth&#160; in&#160;&#160; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:115%;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">2.12(a)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:9.95pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Term Redemption Date</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means, with respect to
any Series, the date specified as the Term Redemption Date in the Appendix for
such Series, as such date may be extended in</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_17"></a><a name="_bclPageBorder17"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:3.7pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">accordance with </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(a)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> or as may
otherwise be agreed in writing by the Fund and the Holders of 100% of the
Outstanding RVMTP Shares of such Series.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Term Redemption Liquidity Account</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; shall have
the meaning as set forth in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.12(a)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:78.0pt;margin-right:5.9pt;margin-top:.5pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">Term Redemption Price</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">&#8221; shall have the meaning as set forth in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">Section
2.6(a)(i)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">. &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">U.S. Government Obligations</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:25.9pt;">&#8221; means direct obligations of
the United States or</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">of its agencies or instrumentalities that are entitled to the full faith
and credit of the United States and that, other than United States Treasury
Bills, provide for the periodic payment of interest and the full payment of
principal at maturity or call for redemption.</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:13.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-top:.2pt;"><font face="Times New Roman" lang=EN-US style="font-size:17.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:78.0pt;margin-right:0in;margin-top:.05pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Voting
Period</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221; shall have the meaning as set forth in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Section 2.7(b)(i)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">.</font></p>

<p style="margin:0in;margin-top:.55pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">With respect to any Series, any additional definitions
specifically set forth in the Appendix relating to such Series and any
amendments to any definitions specifically set forth in the Appendix relating
to such Series, as such Appendix may be amended from time to time, shall be
incorporated herein and made part hereof by reference thereto, but only with
respect to such Series.</font></p>

<p style="margin:0in;margin-top:.3pt;"><font face="Times New Roman" lang=EN-US style="font-size:4.5pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:4.5pt;text-align:justify;text-indent:1.0in;"><a name="_bookmark2"></a><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;">1.2.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Interpretation</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. The headings preceding the text of
Sections included in&#160; this Statement are for convenience only and shall not be
deemed part of this Statement or be given any effect in interpreting this Statement.
The use of the masculine, feminine or neuter gender or the singular or plural
form of words herein shall not limit any provision of this Statement. The use
of the terms &#8220;including&#8221; or &#8220;include&#8221; shall in all cases herein mean
&#8220;including, without limitation&#8221; or &#8220;include, without limitation,&#8221; respectively.
Reference to any Person includes such Person&#8217;s successors and assigns to the
extent such successors and assigns are permitted by the terms of any applicable
agreement (including this Statement), and reference to a Person in a particular
capacity excludes such Person in any other capacity or individually. Reference
to any agreement (including this Statement), document or instrument means such
agreement, document or instrument as amended or modified and in effect from
time to time in accordance with the terms thereof and, if applicable, the terms
hereof. Except as otherwise expressly set forth herein, reference to any law
means such law as amended, modified, codified, replaced or re-enacted, in whole
or in part, including rules, regulations, enforcement procedures and any
interpretations promulgated thereunder.&#160; Underscored references to Sections
shall refer to those portions of this Statement. The use of the terms
&#8220;hereunder,&#8221; &#8220;hereof,&#8221; &#8220;hereto&#8221; and words of similar import shall refer to this
Statement as a whole and not to any particular Article, Section or clause of
this Statement. References herein to the &#8220;close of business&#8221; on any day shall
mean 5:00 p.m., New York City time, on such</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.35pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">day.</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_18"></a><a name="_bclPageBorder18"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:3.7pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;">1.3.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Liability of
Officers, Trustees and <a name="_bookmark3"></a>Shareholders</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. A copy of the&#160; Declaration is on
file with the Secretary of the Commonwealth of Massachusetts, and notice hereby
is given that this Statement is executed on behalf of the Fund by an officer of
the Fund in his or her capacity as an officer of the Fund and not individually
and that the obligations of the Fund under or arising out of this Statement are
not binding upon any of the trustees, officers or shareholders individually but
are binding only upon the assets and properties of the Fund. All persons
extending credit to, contracting with or having a claim against the Fund must
look solely to the Fund&#8217;s assets and property for the enforcement of any claims
against the Fund as none of the Fund&#8217;s officers, agents or shareholders,
whether past, present or future, assume any personal liability for obligations
entered on behalf of the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.2pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Fund.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:30.3pt;margin-right:3.3pt;margin-top:0in;text-indent:133.3pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">TERMS APPLICABLE TO ALL SERIES OF REMARKETABLE VARIABLE RATE MUNIFUND
TERM PREFERRED <a name="_bookmark4"></a>SHARES</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Except for such changes and amendments hereto with
respect to a Series of RVMTP Shares that are specifically contemplated by the
Appendix relating to such Series, each Series of RVMTP Shares subject to this
Statement shall have the following terms:</font></p>

<p align=left style="margin-bottom:.0001pt;margin-left:114.0pt;margin-right:0in;margin-top:10.0pt;text-align:left;text-indent:-.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;">2.1.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Number of Shares;</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;"> <a name="_bookmark5"></a></font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Ranking</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">.</font></p>

<p style="margin:0in;margin-top:.35pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:114.0pt;margin-right:5.9pt;margin-top:4.5pt;text-align:justify;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.4pt;line-height:115%;">(a)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.4pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">The
number of authorized shares constituting any Series of RVMTP Shares shall be as
set forth with respect to such Series in the Appendix hereto relating to such
Series. No fractional RVMTP Shares shall be issued.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:113.95pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.4pt;line-height:115%;">(b)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.4pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">The
RVMTP Shares of each Series shall rank on a parity with RVMTP Shares of each
other Series and with shares of any other series of Preferred Shares as to the
payment of dividends and the distribution of assets upon dissolution,
liquidation or winding up of the affairs of the Fund. The RVMTP Shares of each
Series shall have preference with respect to the payment of dividends and as to
distribution of assets upon dissolution, liquidation or winding up of the
affairs of the Fund over the Common Shares as set forth</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">herein.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:113.95pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.4pt;line-height:115%;">(c)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.4pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">No
Holder of RVMTP Shares shall have, solely by reason of being such a Holder, any
pre-emptive or other right to acquire, purchase or subscribe for any RVMTP
Shares or Common Shares or other securities of the Fund which it may hereafter
issue or</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">sell.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin-bottom:.0001pt;margin-left:114.0pt;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;">2.2.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Dividends and</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;"> <a name="_bookmark6"></a></font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Distributions</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">.</font></p>

<p style="margin:0in;margin-top:.35pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p align=left style="margin-bottom:.0001pt;margin-left:113.95pt;margin-right:5.9pt;margin-top:4.5pt;text-align:left;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.3pt;line-height:115%;">(a)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.3pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">The
Holders of RVMTP Shares of any Series shall be entitled to receive,</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.6pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">when,</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.6pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">as</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.65pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">and</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.65pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">if</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.65pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">declared</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.6pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">by,</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.65pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">or</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.6pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">under</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.65pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">authority</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.7pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">granted</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.6pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">by,</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.65pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_19"></a><a name="_bclPageBorder19"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:114.0pt;margin-right:5.9pt;margin-top:3.7pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Board of Trustees, out of funds legally
available therefor in accordance with the Declaration, this Statement, and
applicable law, and in preference to dividends and other distributions on
Common Shares, cumulative cash dividends and other distributions on each share
of such Series at the Dividend Rate for such Series, calculated as set forth
herein, and no more. Dividends and other distributions on the RVMTP Shares of a
Series shall accumulate from the Date of Original Issue with respect to such
Series. The amount of dividends per share payable on RVMTP Shares of a Series
on any Dividend Payment Date shall equal the sum of the dividends accumulated
but not yet paid for each Rate Period (or part thereof) in the related Dividend
Period. The amount of dividends payable per share on RVMTP Shares of a Series
accumulated for each such Rate Period (or part thereof) shall be computed by
(i) multiplying the Dividend Rate in effect for RVMTP Shares of such Series for
such Rate Period (or part thereof) by a fraction, the numerator of which shall
be the actual number of calendar days in such Rate Period (or part thereof) and
the denominator of which shall be the actual number of calendar days in the
year in which such Rate Period (or such part thereof) occurs (365 or 366) and
(ii) multiplying the product determined pursuant to clause (i) by the Liquidation
Preference for a share of such</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Series.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:113.95pt;margin-right:5.95pt;margin-top:0in;text-align:justify;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.3pt;line-height:115%;">(b)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.3pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Dividends
on RVMTP Shares of each Series with respect to any Dividend Period shall be
declared to the Holders of such shares as their names shall appear on the
registration books of the Fund at the close of business on each calendar day in
such Dividend Period and shall be paid as provided in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.2(f)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. In
connection with any transfer of RVMTP Shares, the transferor as Designated
Owner of RVMTP Shares shall be deemed to have agreed pursuant to the terms of
the RVMTP Shares to transfer to the transferee the right to receive from the
Fund any dividends declared and unpaid for each day prior to the transferee
becoming the Designated Owner of the RVMTP Shares in exchange for payment of
the purchase price for such RVMTP Shares by the transferee. In connection with
any transfer of RVMTP Shares, the transferee as Designated Owner of RVMTP
Shares shall be deemed to have agreed pursuant to the terms of the RVMTP Shares
to transfer to the transferor (or prior Holder) the right to receive from the
Fund any dividends in the nature of Additional Amount Payments that relate to
dividends paid during the transferor&#8217;s (or prior Holder&#8217;s) holding</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">period.</font></p>

<p style="margin:0in;margin-top:.45pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:113.95pt;margin-right:5.9pt;margin-top:.05pt;text-align:justify;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.3pt;line-height:115%;">(c)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.3pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">(i)&#160;&#160;
No full dividends or other distributions shall be declared or&#160; paid</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.85pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">on</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.9pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">shares</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.85pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">of</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.9pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">a</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.85pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Series</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.9pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">of</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.85pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">RVMTP</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.95pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Shares</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.85pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">for</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.9pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">any</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.9pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Dividend</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.85pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Period</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.9pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">or</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_20"></a><a name="_bclPageBorder20"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:113.95pt;margin-right:5.95pt;margin-top:3.7pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">part thereof unless full cumulative dividends
and other distributions due through the most recent dividend payment dates
therefor for all outstanding Preferred Shares (including shares of other Series
of RVMTP Shares) ranking on a parity with such Series of RVMTP Shares have been
or contemporaneously are declared and paid through the most recent dividend
payment dates therefor. If full cumulative dividends or other distributions due
have not been declared and paid on all such outstanding Preferred Shares of any
series, any dividends and other distributions being declared and paid on RVMTP
Shares of a Series will be declared and paid as nearly pro rata as possible in
proportion to the respective amounts of dividends and other distributions
accumulated but unpaid on the shares of each such series of Preferred Shares on
the relevant dividend payment date for such series. Subject to </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.11</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">
hereof and, for so long as it remains in effect, Section 2.3 of the Purchase
Agreement, no Holders of RVMTP Shares shall be entitled to any dividends or
other distributions, whether payable in cash, property or shares, in excess of
full cumulative dividends and other distributions as provided in this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section
2.2(c)(i)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> on such RVMTP</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Shares.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:82.3pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.4pt;line-height:115%;">(ii)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.4pt;line-height:115%;">&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">For so long as
any RVMTP Shares are Outstanding, the Fund shall not: (x) declare or pay any
dividend or other distribution (other than a dividend or distribution paid in
Common Shares) in respect of the Common Shares, (y) call for redemption,
redeem, purchase or otherwise acquire for consideration any Common Shares, or
(z) pay any proceeds of the liquidation of the Fund in respect of the Common
Shares, unless, (1) in each case, (A) all cumulative dividends and other
distributions on all RVMTP Shares and all other series of Preferred Shares
ranking on a parity with the RVMTP Shares due on or prior to the date the
applicable dividend, distribution, redemption, purchase or acquisition shall
have been declared and paid (or shall have been declared and Deposit Securities
(in the case of the RVMTP Shares) or other sufficient securities or funds (in
the case of other Preferred Shares, as applicable) for the payment thereof shall
have been deposited irrevocably with the paying agent for such Preferred
Shares) and (B) the Fund shall have deposited Deposit Securities pursuant to
and in accordance with the requirements of </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(e)(ii)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> hereof
with respect to Outstanding RVMTP Shares of any Series to be redeemed pursuant
to </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(a)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> or </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(b)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> hereof for which a Notice of
Redemption shall have been given or shall have been required to be given in
accordance with the terms hereof on or prior to the date of the applicable
dividend, distribution, redemption, purchase or acquisition; and (2) in the
case of any action described in clause (x) or (y) of this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.2(c)(ii)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">,
immediately thereafter, the Fund shall have 1940 Act Asset Coverage of at least
the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.55pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Minimum</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_21"></a><a name="_bclPageBorder21"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:82.3pt;margin-right:18.65pt;margin-top:3.7pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Asset Coverage Level after deducting the amount of such
dividend or distribution or redemption or purchase price or liquidation</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.2pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">proceeds.</font></p>

<p style="margin-bottom:0in;margin-left:82.3pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.4pt;line-height:115%;">(iii)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.4pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Any dividend payment made on RVMTP
Shares of a Series shall first be credited against the dividends and other
distributions accumulated with respect to the earliest Dividend Period for such
Series for which dividends and distributions have not been</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">paid.</font></p>

<p style="margin-bottom:.0001pt;margin-left:113.95pt;margin-right:5.95pt;margin-top:10.0pt;text-align:justify;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.3pt;line-height:115%;">(d)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.3pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Not
later than 11:00 a.m., New York City time, on the Dividend Payment Date for a
Series of RVMTP Shares, the Fund shall deposit with the Tender and Paying Agent
Deposit Securities having an aggregate Market Value on such date sufficient to
pay the dividends and other distributions, if any, that are payable on such
Dividend Payment Date in respect of such Series. The Fund may direct the Tender
and Paying Agent with respect to the investment or reinvestment of any such
Deposit Securities so deposited prior to the Dividend Payment Date, </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">provided</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">
that such investment consists exclusively of Deposit Securities and </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">provided
further</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> that the proceeds of any such investment will be available as same-
day funds at the opening of business on such Dividend Payment</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.9pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Date.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:113.95pt;margin-right:5.95pt;margin-top:0in;text-align:justify;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.3pt;line-height:115%;">(e)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.3pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">All
Deposit Securities deposited with the Tender and Paying Agent for the payment
of dividends payable on a Series of RVMTP Shares shall be held in trust for the
payment of such dividends by the Tender and Paying Agent for the benefit of the
Holders of such Series entitled to the payment of such dividends pursuant to </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section
2.2(f)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. Any moneys paid&#160; to the Tender and Paying Agent in accordance with
the foregoing but not applied by the Tender and Paying Agent to the payment of
dividends, including interest earned on such moneys while so held, will, to the
extent permitted by law, be repaid to the Fund as soon as possible after the
date on which such moneys were to have been so applied, upon request of the
Fund.</font></p>

<p style="margin:0in;margin-top:.45pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:113.95pt;margin-right:5.95pt;margin-top:.05pt;text-align:justify;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.3pt;line-height:115%;">(f)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.3pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Dividends,
and any distributions made pursuant to </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.11(a)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, on RVMTP Shares
of a Series shall be paid on each Dividend Payment Date for such Series, out of
funds legally available therefor under applicable law, when, as and if declared
by the Board of Trustees, to the Holders of RVMTP Shares of such Series as
their names appear on the registration books of the Fund at the close of
business on the calendar day immediately preceding such Dividend Payment Date
(or if such calendar day is not a Business Day, the next preceding Business
Day). Dividends and any distributions made pursuant to </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.11(a)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">
in arrears on RVMTP</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Shares</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">of</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.4pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">a</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Series</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.4pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">for</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">any</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">past</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.4pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Dividend</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.45pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Period</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.4pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">may</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">be</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">declared</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_22"></a><a name="_bclPageBorder22"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:113.95pt;margin-right:5.9pt;margin-top:3.7pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">(to the extent not previously declared) and paid
at any time, without reference to any regular Dividend Payment Date, to the
Holders of RVMTP Shares of such Series as their names appear on the
registration books of the Fund on such date, not exceeding fifteen (15)
calendar days preceding the payment date thereof, as may be fixed by the Board
of Trustees. No interest or sum of money in lieu of interest will be payable&#160;
in respect of any dividend payment or payments or other distributions on RVMTP
Shares of any Series which may be in</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.6pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">arrears.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:114.0pt;margin-right:5.95pt;margin-top:0in;text-align:justify;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.3pt;line-height:115%;">(g)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.3pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">(i) The
Dividend Rate on a Series of RVMTP Shares shall be adjusted to the Increased
Rate for each Increased Rate Period (as hereinafter defined). Subject to the
cure provisions of </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.2(g)(iii)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, a Rate Period with respect to a
Series of RVMTP Shares shall be deemed to be an &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Increased Rate Period</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; if
on the first calendar day of such Rate Period,</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:122.6pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.25pt;line-height:115%;">(A)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.25pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the Fund has failed to deposit with
the Tender and Paying Agent by 11:00 a.m., New York City time, on a Dividend
Payment Date for such Series, Deposit Securities (as a result of complying with
Section 2.2(c) or otherwise) that will provide</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.55pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">funds available to the Tender and Paying Agent on such Dividend Payment
Date sufficient to pay the full amount of any dividend (including any
Additional Amount Payments) on such Series payable on such Dividend Payment Date
(a &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Dividend Default</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;) and such Dividend Default has not ended as
contemplated by </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:115%;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">2.2(g)(ii)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:6.5pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:122.6pt;margin-right:5.9pt;margin-top:4.5pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.25pt;line-height:115%;">(B)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.25pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the Fund has failed to deposit with
the Tender and Paying Agent by 11:00 a.m., New York City time, on an applicable
Redemption Date or Mandatory Tender Redemption Date for such Series, Deposit
Securities that will provide funds available to the Tender and Paying Agent on
such Redemption Date or Mandatory Tender Redemption Date sufficient to pay the
full amount of the Redemption Price payable in respect of such Series on such
Redemption Date or Mandatory Tender Redemption Date (a &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Redemption Default</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;)
and such Redemption Default has not ended as contemplated by </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.75pt;line-height:115%;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">2.2(g)(ii)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">;</font></p>

<p style="margin:0in;margin-top:.05pt;"><font face="Times New Roman" lang=EN-US style="font-size:6.5pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:122.6pt;margin-right:5.9pt;margin-top:4.5pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.25pt;line-height:115%;">(C)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.25pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">(i) any Rating Agency has withdrawn
the credit rating required to be maintained with respect to such Series
pursuant to</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> Section 2.8</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> other than due to the Rating Agency ceasing to
rate tax- exempt closed-end management investment companies generally or (ii)
the Board of Trustees has terminated the designation of a Rating Agency without</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.3pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">complying</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.45pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">with</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.35pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.35pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">requirements</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.35pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">of</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.3pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.35pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">2.8</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.35pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">and,</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.4pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">in</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.35pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.35pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">case</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_23"></a><a name="_bclPageBorder23"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:122.65pt;margin-right:5.9pt;margin-top:3.7pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">of clause (i) above such withdrawal is
continuing (a &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Rating Agency</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Withdrawal</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;); </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">provided</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> that
such Rating Agency Withdrawal will not cause an Increased Rate Period if at
least one other Rating Agency continues to rate such Series;</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:122.65pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.25pt;line-height:115%;">(D)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.25pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">a Ratings Event (as defined below)
has occurred and is continuing with respect to such</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.35pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Series;</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:122.6pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.25pt;line-height:115%;">(E)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.25pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">(i) the Fund, a court, or other
applicable governmental authority has made a final determination that for U.S.
federal income tax purposes the RVMTP Shares do not qualify as equity in the
Fund and such determination has not been repealed, revoked or rescinded and
(ii) such determination results from an act or failure to act on the part of
the Fund (a &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Tax Event</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;); </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">provided</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> that no Increased Rate Period
shall be triggered pursuant to this clause (E) with respect to a determination
of taxability that gives rise to an Additional Amount Payment;</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:122.6pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.25pt;line-height:115%;">(F)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.25pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the declaration, payment or setting
apart for payment of any dividend or other distribution in violation of this
Statement or the laws applicable to the Fund with respect to the payment of
dividends or distribution of the Fund&#8217;s</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">assets;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:13.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:13.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:122.6pt;margin-right:5.9pt;margin-top:9.95pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.25pt;line-height:115%;">(G)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.25pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the Fund has failed to pay when due
the full amount of any Additional Amount Payment required to be paid pursuant
to this Statement (other than a failure by the Fund to so pay due to the lack
of legally available funds under applicable law or because of any other
applicable legal or regulatory restrictions on such payments). This Increased
Rate Period will be considered cured on the date the Fund pays the full amount
of such Additional Amount Payment required to be paid pursuant to this</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Statement;</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:122.6pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.25pt;line-height:115%;">(H)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.25pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the Fund shall have made an
investment in violation of Section 6.11 of the Purchase Agreement and failed to
dispose of such investment by the tenth (10th) Business Day following receipt
by the Fund of written notice of such violation from the Purchaser. This
Increased Rate Period shall be considered cured on the date the Fund has
disposed of any such investments of which it has received such notice;
provided, however, that the Fund may, in good faith, notify the Purchaser in
writing within five (5) Business</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.4pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Days</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_24"></a><a name="_bclPageBorder24"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:122.65pt;margin-right:5.9pt;margin-top:3.7pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">following the receipt of such written notice
from the Purchaser that the Fund disagrees that such investment violates
Section 6.11 of the Purchase Agreement, which notification shall include the
Fund's rationale for disagreeing, in which case the ten (10) Business Day
period noted in this clause (G) shall be extended to fifteen (15) Business</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.7pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Days;</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:122.65pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.25pt;line-height:115%;">(I)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.25pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">any violation of Section 7.15 (other
than Section 7.15(c) and Section 7.15(e)) of the Purchase Agreement continuing
past the expiration of any grace or cure period provided for therein. An
Increased Rate Period pursuant to this clause (I) shall commence on the tenth
(10th) Business Day following written notice from the Purchaser of such
violation and will be considered cured on the date the Fund returns to
compliance with Section 7.15 of the Purchase</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.7pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Agreement;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:6.5pt;">&nbsp;</font></p>

<p align=left style="margin-bottom:.0001pt;margin-left:230.65pt;margin-right:0in;margin-top:4.5pt;text-align:left;text-indent:-36.05pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.25pt;">(J)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.25pt;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">any violation of Article VI of the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.4pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Purchase</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:122.65pt;margin-right:0in;margin-top:2.1pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Agreement;</font></p>

<p style="margin:0in;margin-top:.35pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:122.6pt;margin-right:5.9pt;margin-top:4.5pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.25pt;line-height:115%;">(K)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.25pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the Fund has failed to maintain
settlement of the RVMTP Shares in global book entry form through the Securities
Depository. An Increased Rate Period pursuant to this clause (J) will commence
on the tenth (10th) Business Day following receipt by the Fund of written
notice of such failure from the Purchaser and will be considered cured on the
date the Fund next maintains settlement of the RVMTP Shares in global book
entry form through the Securities Depository;</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:122.6pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.25pt;line-height:115%;">(L)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.25pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the Fund files a voluntary
application for relief under federal bankruptcy law or any similar application
under state law while the Fund is solvent and does not reasonably foresee
becoming insolvent. This Increased Rate Period will be considered cured on the
date such filing or application has been withdrawn, rescinded or dismissed;</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:122.6pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.25pt;line-height:115%;">(M)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.25pt;line-height:115%;">&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the audits of the Fund&#8217;s financial
statements are not conducted in accordance with the standards of the Public
Company Accounting Oversight Board (United States). This Increased Rate&#160; Period
will be considered cured on the date the Fund produces financial statements
audited in accordance with the standards of the Public Company Accounting
Oversight Board (United States);</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">or</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:122.65pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.25pt;line-height:115%;">(N)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.25pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the Fund has failed to establish the
Term Redemption Liquidity Account in accordance with this Statement.</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.8pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">This</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_25"></a><a name="_bclPageBorder25"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:122.65pt;margin-right:5.9pt;margin-top:3.7pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Increased Rate Period will be considered cured
on the date the Fund next establishes the Term Redemption Liquidity Account in
accordance with this Statement.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:114.0pt;margin-right:5.9pt;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">A &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Ratings Event</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; shall be deemed to exist with respect to any
Series of RVMTP Shares at any time such RVMTP Shares have a long-term credit
rating from at least one-half of the Rating Agencies designated at such time
that is Below Investment</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.2pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Grade.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:113.95pt;margin-right:5.9pt;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">For the avoidance of doubt, no determination by any court or other
applicable governmental authority that requires the Fund to make an Additional
Amount Payment in respect of a Taxable Allocation shall be deemed to be a Tax
Event hereunder. For avoidance of doubt, the Increased Rate, with respect to
any Increased Rate Period for a Series of RVMTP Shares, shall be the Index Rate
for such Increased Rate Period plus 2.00% plus the Applicable Spread, as
defined, without any duplication thereof, regardless of whether one or more
than one condition giving rise to an Increased Rate Period shall then be
existing and continuing.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:82.3pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.45pt;line-height:115%;">(ii)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.45pt;line-height:115%;">&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Subject to the
cure provisions of </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.2(g)(iii)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, a Dividend Default or a
Redemption Default on a Series of RVMTP Shares shall end on the Business Day on
which, by 11:00 a.m., New York City time, an amount equal to all accumulated
but unpaid dividends on such Series and any unpaid Redemption Price on such
Series shall have been deposited irrevocably in trust in same-day funds with
the Tender and Paying</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.55pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Agent.</font></p>

<p style="margin-bottom:.0001pt;margin-left:82.3pt;margin-right:5.95pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.45pt;line-height:115%;">(iii)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.45pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">No Increased Rate Period for a Series
of RVMTP Shares with respect to any Dividend Default or Redemption Default on
such Series shall be deemed to have commenced if the amount of any dividend or
any Redemption Price due in respect of such Series (if such Default is not
solely due to the willful failure of the Fund) is deposited irrevocably in
trust, in same-day funds, with the Tender and Paying Agent by 11:00 a.m., New
York City time, on a Business Day that is not later than three (3) Business
Days after the applicable Dividend Payment Date or Redemption Date for such
Series with respect to which such Default occurred, together with an amount
equal to the Increased Rate on such shares applied to the aggregate Liquidation
Preference of and for the period any other Increased Rate Period that is in
effect for a reason other than such Dividend Default or Redemption Default, if
any, of non-payment on a Series of RVMTP Shares of the applicable dividend,
determined as provided in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.2(a)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, or the applicable Redemption
Price, determined as provided in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.55pt;line-height:115%;">
</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">2.6</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">.</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_26"></a><a name="_bclPageBorder26"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p align=left style="margin-bottom:.0001pt;margin-left:2.0in;margin-right:0in;margin-top:3.7pt;text-align:left;text-indent:-102.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.3pt;">(h)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.3pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Designation of Special Terms</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.25pt;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Period</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">.</font></p>

<p style="margin:0in;margin-top:.35pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:82.3pt;margin-right:5.9pt;margin-top:4.5pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(i)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Right to Designate a Special Terms
Period</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. The Fund,
acting in its sole and absolute discretion but otherwise subject to the terms
of this Statement, after the Lock-Out Date, may designate a &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Special Terms
Period</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; with respect to any Series of RVMTP Shares (which, for the
avoidance of doubt, shall apply to all RVMTP Shares of such Series), during
which period, such terms may differ from those provided in this Statement and
applicable Appendix and may include, without limitation, changes to the
Dividend Rate, Dividend Payment Dates, redemption provisions (including,
without limitation, the Term Redemption Date or the Early Term Redemption
Date), required Effective Leverage Ratio, and Additional Amount Payment provisions;
provided that such special terms shall not, in any event, affect the parity
ranking of such Series of RVMTP Shares relative to any other Series of RVMTP
Shares or any other series of Preferred Shares of the Fund then outstanding as
to the payment of dividends and the distribution of assets upon dissolution,
liquidation or winding up of the affairs of the Fund. The effectiveness of any
change to the terms of the RVMTP Shares pursuant to the exercise by the Fund of
its right to designate a Special Terms Period with respect to any Series of
RVMTP Shares shall be subject to the filing of an amendment to the terms of
such RVMTP Shares that has been approved by the Board of Trustees and approved
by 100% of the Holders of the affected Series of RVMTP Shares in the manner set
forth in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.7(a)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. For the avoidance of doubt, (A) the terms of
any such Special Terms Period that may be effected pursuant to the foregoing
sentence shall amend and/or replace the applicable provisions of this Statement
(and/or the relevant Appendix for the affected Series) that are in effect at
the time such Special Terms Period is designated and (B) subject to </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section
2.5(a)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, the terms of this Statement that were in effect at the most recent
time during which no Special Terms Period was in effect will automatically
continue to be in effect immediately following the end of a Special Terms
Period unless a subsequent Special Terms Period has been designated that will
take effect immediately following the prior Special Terms Period, if the
Holders of the RVMTP Shares have made an election to retain the RVMTP Shares
with respect to the Mandatory Tender Date corresponding to the final date of
such Special Terms Period and/or the RVMTP Shares of any Holders that have not
made such election, if any, are Remarketed pursuant to </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;line-height:115%;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">2.5(b)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">.</font></p>

<p style="margin-bottom:0in;margin-left:82.3pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(ii)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Length of and Preconditions for
Special Terms Period</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">.
Any Special Terms Period shall commence on a designated Thursday and end on the
earlier of a designated Wednesday or the applicable Redemption Date or
Mandatory</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.55pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Tender</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.6pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Redemption</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.7pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Date,</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.55pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">as</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.6pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.55pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">case</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.6pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">may</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.55pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">be.</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.15pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">A</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.6pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">designation</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.55pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">of</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.55pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">a</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_27"></a><a name="_bclPageBorder27"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:82.3pt;margin-right:5.95pt;margin-top:3.7pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Special Terms Period shall become effective only
if (1) notice thereof shall have been given to the Holders of the affected
Series of RVMTP Shares in accordance with </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.2(h)(ii)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> and </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">(iii)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">,
(2) full cumulative dividends and any amounts due with respect to redemptions
payable on the affected Series of RVMTP Shares prior to such date have been
paid in full, (3) such designation of a Special Terms Period shall not become
effective prior to twenty-four (24) months subsequent to the Date of Original
Issue of the affected Series of RVMTP Shares, (4) all of the Outstanding RVMTP
Shares of the affected Series shall be subject to such Special Terms Period,
and (5) all of the Outstanding RVMTP Shares of the affected Series that are
subject to Remarketing in connection with the Mandatory Tender triggered by the
designation of the Special Terms Period are successfully Remarketed (except to
the extent any applicable Holders of such affected Series of RVMTP Shares have
affirmatively elected to retain their RVMTP Shares of such Series for the
Special Terms Period). Any failure to satisfy the conditions to a Special Terms
Period shall result in such Special Terms Period not becoming</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.2pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">effective.</font></p>

<p style="margin-bottom:.0001pt;margin-left:82.3pt;margin-right:5.95pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(iii)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Notice of Special Terms Period</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. If the Fund proposes to designate a
Special Terms Period not less than twenty (20) Business Days (or such lesser
number of days as may be agreed to from time to time by the Holders of the
affected Series of RVMTP Shares and the Remarketing Settlement Agent) nor more
than thirty (30) Business Days prior to the date the Fund proposes to designate
as the first day of such Special Terms Period (a &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Notice of Special Terms
Period</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;) shall be sent by the Fund or its designee by Electronic Means (or
by first-class mail, postage prepaid, where the RVMTP Shares of the affected
Series are in physical form outside the book-entry system of the Securities
Depository) to the Holders of the affected Series of RVMTP Shares, with copies
provided by the Fund to the Remarketing Settlement Agent and the Tender and
Paying Agent via Electronic Means and by the Fund or its designee to the
initial Holder of the affected Series of RVMTP Shares in accordance with the
notice provisions in the Purchase Agreement. Each such notice shall state (A)
that the Fund has exercised its option to propose a Special Terms Period with
respect to such Series of RVMTP Shares, (B) the Rate Determination Date
immediately prior to the first day of such Special Terms Period, (C) that such
Special Terms Period shall not commence unless the conditions precedent thereto
in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.2(h)(ii)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> are satisfied, (D) a description of the special
terms to be applicable to such Series of RVMTP Shares and (E) the date upon
which such Series of RVMTP Shares shall be subject to Remarketing pursuant to </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section
2.5(b)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> (except to the extent affirmatively retained by any applicable
Holder of RVMTP Shares of such Series pursuant to </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.5(a)(iv)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">).
The Fund may provide in any</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.35pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Notice</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.35pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">of</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.35pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Special</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.35pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Terms</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Period</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.35pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">that</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.4pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">such</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.35pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Special</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.4pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Terms</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.4pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Period</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.35pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">is</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.35pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">subject</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.35pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">to</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_28"></a><a name="_bclPageBorder28"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:82.3pt;margin-right:5.9pt;margin-top:3.7pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">one or more additional conditions precedent, in
which case the special terms of such Special Terms Period shall not become
effective unless each such additional condition has been satisfied or the Fund
has waived each such condition.</font></p>

<p align=left style="margin-bottom:.0001pt;margin-left:114.0pt;margin-right:0in;margin-top:10.0pt;text-align:left;text-indent:-.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;">2.3.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Liquidation</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.05pt;"> <a name="_bookmark7"></a></font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Rights</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">.</font></p>

<p style="margin:0in;margin-top:.35pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:113.95pt;margin-right:5.9pt;margin-top:4.5pt;text-align:justify;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.15pt;line-height:115%;">(a)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.15pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">The
RVMTP Shares shall rank on parity with each other, with shares of any other
Series of RVMTP Shares, and with shares of any other class or series of
Preferred Shares as to distribution of assets upon dissolution, liquidation or
winding-up of the affairs of the Fund. In this regard, the provisions of this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section
2.3</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> shall be applied consistently with all other Preferred Shares such that
Holders of the RVMTP Shares and holders of all other Preferred Shares are
treated on parity with one another with respect to any such</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.2pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">distribution.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:113.95pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.15pt;line-height:115%;">(b)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.15pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">In the
event of any liquidation, dissolution or winding up of the affairs of the Fund,
whether voluntary or involuntary, the Holders of RVMTP Shares shall be entitled
to receive out of the assets of the Fund available for distribution to
shareholders, after satisfying claims of creditors but before any distribution
or payment shall be made in respect of the Common Shares or on any other class
of shares of the Fund ranking junior to the RVMTP Shares upon dissolution,
liquidation or winding up, a liquidation distribution equal to the Liquidation
Preference for such shares, plus an amount equal to all unpaid dividends and
other distributions on such shares accumulated to (but excluding) the date
fixed for such distribution or payment on such shares (whether or not earned or
declared by the Fund, but without interest thereon), and such Holders shall be
entitled to no further participation in any distribution or payment in
connection with any such liquidation, dissolution or winding</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.5pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">up.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:113.95pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.15pt;line-height:115%;">(c)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.15pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">If,
upon any liquidation, dissolution or winding up of the affairs of the Fund,
whether voluntary or involuntary, the assets of the Fund available for distribution
among the Holders of all Outstanding RVMTP Shares and any other outstanding
Preferred Shares ranking on a parity with the RVMTP Shares shall be
insufficient to permit the payment in full to such Holders of the Liquidation
Preference of such RVMTP Shares plus accumulated and unpaid dividends and other
distributions on such shares as provided in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.3(b)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> above and the
amounts due upon liquidation with respect to such other Preferred Shares, then
such available assets shall be distributed among the Holders of such RVMTP
Shares and such other Preferred Shares ratably in proportion to the respective
preferential liquidation</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.65pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">amounts</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.65pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">to</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.6pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">which</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.55pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">they</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.65pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">are</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.6pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">entitled.</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.25pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">In</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.6pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">connection</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.7pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">with</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.6pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">any</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_29"></a><a name="_bclPageBorder29"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:113.95pt;margin-right:5.95pt;margin-top:3.7pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">liquidation, dissolution or winding up of the
affairs of the Fund, whether voluntary or involuntary, unless and until the
Liquidation Preference on each Outstanding RVMTP Share plus accumulated and
unpaid dividends and other distributions on such shares as provided in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section
2.3(b)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> above have been paid in full to the Holders of such shares, no
dividends, distributions or other payments will be made on, and no redemption,
purchase or other acquisition by the Fund will be made by the Fund in respect
of, the Common Shares or any other class of shares of the Fund ranking junior
to RVMTP Shares upon dissolution, liquidation or winding up.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:114.0pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.15pt;line-height:115%;">(d)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.15pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Neither
the sale of all or substantially all of the property or business of the Fund,
nor the merger, consolidation or reorganization of the Fund into or with any
other business or statutory trust, corporation or other entity, nor the merger,
consolidation or reorganization of any other business or statutory trust,
corporation or other entity into or with the Fund shall be a dissolution,
liquidation or winding up, whether voluntary or involuntary, for the purpose of
this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:115%;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">2.3</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">.</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:6.5pt;">&nbsp;</font></p>

<p align=left style="margin-bottom:.0001pt;margin-left:114.0pt;margin-right:0in;margin-top:4.5pt;text-align:left;text-indent:-.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;">2.4.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Coverage &amp; Leverage</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;"> <a name="_bookmark8"></a></font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Tests</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">.</font></p>

<p style="margin:0in;margin-top:.4pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:113.95pt;margin-right:5.9pt;margin-top:4.5pt;text-align:justify;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.85pt;line-height:115%;">(a)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.85pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">1940
Act Asset Coverage Requirement</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. For so long as any RVMTP Shares of any Series are
Outstanding, the Fund shall have the Minimum Asset Coverage Level as of the
close of business on each Business Day. If the Fund shall fail to maintain the
Minimum Asset Coverage Level as of any time as of which such compliance is
required to be determined as aforesaid, the provisions of </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(b)(i)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">
shall be applicable, which provisions to the extent complied with shall
constitute the sole remedy for the Fund&#8217;s failure to comply with the provisions
of this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.95pt;line-height:115%;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">2.4(a)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">.</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:6.5pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:113.95pt;margin-right:5.95pt;margin-top:4.5pt;text-align:justify;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.85pt;line-height:115%;">(b)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.85pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Calculation
of 1940 Act Asset Coverage</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. For purposes of determining whether the requirements of </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section
2.4(a)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> are satisfied, (i) no RVMTP Shares of any Series or other Preferred
Shares shall be deemed to be&#160; Outstanding&#160; for&#160; purposes&#160; of&#160; any&#160; computation&#160;
required&#160;&#160; by&#160; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#160;Section 2.4(a)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> if, prior to or concurrently with such
determination, sufficient Deposit Securities (in the case of the RVMTP Shares)
or other sufficient securities or funds (in the case of other Preferred Shares,
as applicable), in each case in accordance with the terms of such Series or
other Preferred Shares, to pay the full redemption price for such Series or
other Preferred Shares (or the portion thereof to be redeemed) have been
deposited in trust with the paying agent for such Series or other Preferred
Shares</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.4pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">and</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.4pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">requisite</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.4pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">notice</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.45pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">of</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.4pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">redemption</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">for</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.4pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">such</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Series</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.4pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">or</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">other</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_30"></a><a name="_bclPageBorder30"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:113.95pt;margin-right:5.9pt;margin-top:3.7pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Preferred Shares (or the portion thereof to be
redeemed) has been given, and (ii) the Deposit Securities or other sufficient
securities or funds, as applicable that have been deposited with the applicable
paying agent shall not be included as assets of the Fund for purposes of such
computation.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:113.95pt;margin-right:5.95pt;margin-top:0in;text-align:justify;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.85pt;line-height:115%;">(c)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.85pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Effective
Leverage Ratio Requirement</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. Unless the Fund receives&#160; the prior written consent of all Holders, for
so long as RVMTP Shares of any Series are Outstanding, the Effective Leverage
Ratio shall not exceed 45% as of the close of business on any Business Day; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">provided</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">,
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">however</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, in the event that the Fund&#8217;s Effective Leverage Ratio exceeds
45% on any Business Day solely by reason of fluctuations in the market value of
the Fund&#8217;s portfolio securities, the Effective Leverage Ratio shall not exceed
46% as of the close of business on such Business Day. If the Effective Leverage
Ratio shall exceed the applicable percentage provided in the preceding sentence
as of any time as of which such compliance is required to be determined as
aforesaid, the provisions of </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(b)(ii)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> shall be applicable,
which provisions to the extent complied with shall constitute the sole remedy
for the Fund&#8217;s failure to comply with the provisions of this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;line-height:115%;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">2.4(c)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">.</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:6.5pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:114.0pt;margin-right:5.95pt;margin-top:4.5pt;text-align:justify;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.85pt;line-height:115%;">(d)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.85pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Calculation
of Effective Leverage Ratio</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. For purposes of determining whether the requirements of </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section
2.4(c)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> are satisfied, the &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Effective Leverage Ratio</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; on any date of
determination shall mean the quotient of:</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:82.3pt;margin-right:5.95pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(i)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">The sum of (A) the aggregate
liquidation preference of the Fund&#8217;s &#8220;senior securities&#8221; (as that term is
defined in the 1940 Act as of the date hereof or, in the event such definition
shall be amended, with such changes to the definition thereof as a result of
any amendment after the date hereof,, provided that, with respect to any changes
to the definition thereof related to the implementation of Rule 18f-4 of the
1940 Act, such definitional changes will be deemed to be effective for the
purposes of this Agreement at such time as the Fund elects, or is otherwise
required, to begin compliance with Rule 18f-4) that are stock for purposes of
the 1940 Act, excluding, without duplication, (1) any such senior securities
for which the Fund has issued a notice of redemption and either has delivered
Deposit Securities or sufficient securities or funds, (as applicable in
accordance with the terms of such senior securities) to the paying agent for
such senior securities or otherwise has adequate Deposit Securities or
sufficient securities or funds on hand for the purpose of such redemption (as
applicable in accordance with the terms of such senior securities) and (2) any
such</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.4pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">senior</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">securities</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">that</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">are</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">to</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">be</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">redeemed</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.4pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">with</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">net</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">proceeds</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.45pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">from</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">sale</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">of</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_31"></a><a name="_bclPageBorder31"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:82.3pt;margin-right:5.95pt;margin-top:3.7pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the RVMTP Shares, for which the Fund has
delivered Deposit Securities or sufficient securities or funds (as applicable
in accordance with the terms of such senior securities) to the paying agent for
such senior securities or otherwise has adequate Deposit Securities or
sufficient securities or funds on hand (as applicable in accordance with the
terms of such senior securities) for the purpose of such redemption; (B)
without duplication of amounts represented in the preceding subclause (A), the
aggregate principal amount of the Fund&#8217;s &#8220;senior securities representing
indebtedness&#8221; (as that term is defined in the 1940 Act as of the date hereof
or, in the event such definition shall be amended, with such changes to the
definition thereof as a result of any amendment after the date hereof, provided
that, with respect to any changes to the definition thereof related to the
implementation of Rule 18f-4 of the 1940 Act, such definitional changes will be
deemed to be effective for the purposes of this Agreement at such time as the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.65pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Fund</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.7pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">elects,</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.75pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">or</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.65pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">is</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.7pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">otherwise</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.7pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">required,</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.7pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">to</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.65pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">begin</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.7pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">compliance</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.8pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">with</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.7pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Rule</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.7pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">18f-4);</font></p>

<p style="margin-bottom:0in;margin-left:82.3pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(C)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the aggregate amount of the purchase
price component payable for a repurchase</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.35pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">under</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.35pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">reverse</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.4pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">repurchase</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.35pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">agreements</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">entered</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.45pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">into</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.35pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">by</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.4pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.35pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Fund;</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.35pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">and</font></p>

<p style="margin-bottom:0in;margin-left:82.3pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(D)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the aggregate principal amount of
floating rate securities not owned by the Fund that correspond to the
associated residual floating rate securities owned by the Fund; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">divided</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;line-height:115%;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">by</font></u></p>

<p style="margin-bottom:.0001pt;margin-left:82.3pt;margin-right:5.95pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(ii)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">The sum of (A) the Market Value of
the Fund&#8217;s total assets (including amounts attributable to senior securities,
but excluding any assets consisting of Deposit Securities or other securities
or funds referred to&#160; in&#160; clauses (A)(1) and (A)(2) of </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.4(d)(i)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">
above), less the amount of the Fund&#8217;s accrued liabilities (other than
liabilities for the aggregate principal amount of &#8220;senior securities
representing indebtedness&#8221; (as that term is defined in the 1940 Act as of the
date hereof or, in the event such definition shall be amended, with such
changes to the definition thereof as a result of any amendment after the date
hereof, provided that, with respect to any changes to the definition thereof
related to the implementation of Rule 18f-4 of the 1940 Act, such definitional
changes will be deemed to be effective for the purposes of this Agreement at
such time as the Fund elects, or is otherwise required, to begin compliance
with Rule 18f-4); (B) the aggregate amount of the purchase price component
payable for a repurchase under reverse repurchase agreements entered into by
the Fund; and (C) to the extent not included in clause (A) above, the aggregate
principal amount of floating rate securities not owned by the Fund that
correspond to the associated residual floating rate securities owned by the
Fund.</font></p>

<p style="margin:0in;margin-top:.3pt;"><font face="Times New Roman" lang=EN-US style="font-size:4.5pt;">&nbsp;</font></p>

<p align=left style="margin-bottom:0in;margin-left:82.3pt;margin-right:5.9pt;margin-top:4.5pt;text-align:left;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(iii)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Rating</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.6pt;line-height:115%;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Agency</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.55pt;line-height:115%;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Certificates</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">.&#160;&#160;&#160; The Fund shall deliver to each</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.85pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Rating</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.9pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Agency</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.85pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">which</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.85pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">is</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.85pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">then</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.85pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">rating</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.85pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.85pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">RVMTP</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.95pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Shares,</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.85pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">as</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.85pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">well</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.85pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">as</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.85pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">to</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.85pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">any</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_32"></a><a name="_bclPageBorder32"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:82.3pt;margin-right:5.9pt;margin-top:3.7pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">other party specified in the Rating Agency
Guidelines of each such Rating Agency, all certificates that are set forth in
the respective Rating Agency Guidelines regarding 1940 Act Asset Coverage (the
&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Rating Agency</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Certificate</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;).</font></p>

<p align=left style="margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:10.0pt;text-align:left;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;">2.5.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Mandatory
Tender and <a name="_bookmark9"></a>Remarketing</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. The RVMTP Shares shall be subject
to Mandatory Tender and Remarketing as provided</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.3pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">below:</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin-bottom:.0001pt;margin-left:2.0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-102.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;">(a)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Mandatory Tender of RVMTP</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Shares</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">.</font></p>

<p style="margin:0in;margin-top:.35pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:82.3pt;margin-right:5.9pt;margin-top:4.5pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(i)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Subject to the Holders&#8217; election to
retain the RVMTP Shares provided for in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.5(a)(iv)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> below, any
Series of RVMTP Shares shall become subject to Mandatory Tender upon the
occurrence</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.55pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">of:</font></p>

<p style="margin-bottom:.0001pt;margin-left:122.6pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;">(A)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">any date that is
twenty (20) Business Days prior to each Early Term Redemption Date of such
Series of RVMTP Shares as set forth in clause (i) of the definition thereof in
the Appendix for such Series,</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:122.6pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;">(B)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">any date on which
the Fund delivers a Notice of Special Terms Period designating a Special Terms
Period for such Series of RVMTP Shares pursuant to </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.2(h)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">,</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.25pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">or</font></p>

<p style="margin:0in;margin-top:.05pt;"><font face="Times New Roman" lang=EN-US style="font-size:6.5pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:122.6pt;margin-right:5.9pt;margin-top:4.5pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;">(C)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the date that is twenty
(20) Business Days prior to the last day of any Special Terms Period, provided
that no subsequent Special Terms Period has been designated and agreed to by
the Holders (each of (A), (B) and (C), a &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Mandatory Tender</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.3pt;line-height:115%;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Event</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;).</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:6.5pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:82.3pt;margin-right:5.9pt;margin-top:4.5pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(ii)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Upon the occurrence of a Mandatory
Tender Event with respect to a Series of RVMTP Shares, the Fund shall issue or
cause to be issued a notice of Mandatory Tender for Remarketing on the
Mandatory Tender Date (as defined below) to the Holders of such Series of RVMTP
Shares through the Securities Depository as a communication from the Securities
Depository (the &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Notice of Mandatory Tender</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;). Such Notice of Mandatory
Tender shall specify that such Mandatory Tender is subject to the election of
the Holders of such Series of RVMTP Shares to retain as described in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section
2.5(a)(iv)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> of this Statement.</font></p>

<p style="margin:0in;margin-top:.35pt;"><font face="Times New Roman" lang=EN-US style="font-size:4.5pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:82.3pt;margin-right:5.9pt;margin-top:4.5pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(iii)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">The Mandatory Tender Dates
corresponding to the Mandatory Tender Events listed in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.5(a)(i)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">
above are as follows, with each Mandatory Tender Date subject to the Holders&#8217;
election to retain the RVMTP Shares in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:115%;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">2.5(a)(iv):</font></u></p>









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<p style="margin-bottom:.0001pt;margin-left:122.6pt;margin-right:5.9pt;margin-top:3.7pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;">(A)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">in the case of a
Mandatory Tender Event described in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.5(a)(i)(A)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, the date
twenty (20) Business Days following the date of such Mandatory Tender</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.35pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Event,</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:122.6pt;margin-right:5.95pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;">(B)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">in the case of a
Mandatory Tender Event described in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.5(a)(i)(B)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, the date on
which such Special Terms Period is to become effective pursuant to </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section
2.2(h)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">,</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.6pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">and</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:6.5pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:122.6pt;margin-right:5.9pt;margin-top:4.5pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;">(C)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">in the case of a
Mandatory Tender Event described in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.5(a)(i)(C)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, the last day
of the related Special Terms Period (in the case of (A), (B) or (C), such date,
the &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Mandatory Tender</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:115%;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Date</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;).</font></p>

<p style="margin:0in;margin-top:.05pt;"><font face="Times New Roman" lang=EN-US style="font-size:6.5pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:82.3pt;margin-right:5.9pt;margin-top:4.5pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(iv)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Notwithstanding </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.5(a)(i)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">
above, the Holders of any affected Series of RVMTP Shares may elect to retain
such RVMTP Shares by providing notice of such election to the Fund no later
than the tenth (10</font><font style="position:relative;top:-3.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:115%;">th</font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">) Business Day prior to the Mandatory Tender Date, in which
case the affected RVMTP Shares of the electing Holder shall no longer be
subject to Mandatory Tender on the corresponding Mandatory Tender Date and
shall not be subject to Remarketing (or shall no longer continue to be subject
to Remarketing) pursuant to the procedures described in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.5(b)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">
below; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">provided</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">however</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, with respect to any Mandatory Tender
Event occurring pursuant to </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.5(a)(i)(B)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, any such election to
retain shall not be effective unless accompanied or preceded by the delivery of
such Holder&#8217;s consent to all amendments to the terms of the affected Series of
RVMTP Shares as required in connection with a designation of a Special Terms
Period pursuant to </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.2(h)(i)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.75pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">above.</font></p>

<p style="margin-bottom:.0001pt;margin-left:114.0pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;">(b)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Remarketing
of RVMTP Shares.</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> The
RVMTP Shares subject to Mandatory Tender as provided for in this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.5</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">
shall be Remarketed in accordance with the following</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.3pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">procedures:</font></p>

<p style="margin:0in;margin-top:.45pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:82.3pt;margin-right:5.9pt;margin-top:.05pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(i)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">As a Holder of RVMTP Shares subject
to Mandatory Tender may enter into trade documentation with a purchaser for the
RVMTP Shares (which, for the avoidance of doubt, shall be with respect to all
the RVMTP Shares of such Series) with terms that (A) are reasonably
satisfactory to both the Holder of the RVMTP Shares and such purchaser and (B)
provide for the sale of the RVMTP Shares subject to Mandatory Tender on the
Mandatory Tender Date; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">provided</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> that (1) the Holder of the RVMTP Shares
notifies the Fund in writing of such trade documentation by the Mandatory
Tender Date confirming that the trade documentation satisfies the conditions in
this sentence and providing that all RVMTP Shares will be sold thereunder and
(2) following such Remarketing of RVMTP Shares, via execution of such</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.2pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">trade</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_34"></a><a name="_bclPageBorder34"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:82.3pt;margin-right:5.9pt;margin-top:3.7pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">documentation, the Fund shall provide, or cause
to be provided, a notice through the Securities Depository cancelling the
Mandatory Tender with respect to the RVMTP Shares so Remarketed. At any time
following a Mandatory Tender Event and before the corresponding Mandatory
Tender Date, the Fund may designate a Remarketing Settlement Agent to assist
with the Remarketing in accordance with the terms of the Remarketing Settlement
Agent Agreement.</font></p>

<p style="margin-bottom:0in;margin-left:82.3pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(ii)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">If, after giving effect to elections
to retain RVMTP Shares given by Holders pursuant to </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.5(a)(iv)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">,
all of the RVMTP Shares subject to Mandatory Tender are not Remarketed pursuant
to </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.5(b)(i)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> with binding trade documentation in place by the
fifth (5</font><font style="position:relative;top:-3.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:115%;">th</font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">) Business
Day preceding the Mandatory Tender Date, then the Fund and its agents shall
take the following Remarketing</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.05pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">actions:</font></p>

<p style="margin-bottom:.0001pt;margin-left:122.6pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;">(A)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">The Fund shall
designate a Remarketing Settlement Agent to assist with the Remarketing in
accordance with the terms of the Remarketing Settlement Agent</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.35pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Agreement.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:122.6pt;margin-right:5.95pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;">(B)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">If any purchaser
is identified and has agreed by the Mandatory Tender Date to purchase all of
the RVMTP Shares that remain subject to Mandatory Tender on the Mandatory
Tender Date, the Remarketing Settlement Agent shall (1) give written notice by
Electronic Means to the Holders of such RVMTP Shares, with a copy to the Fund
and the Tender and Paying Agent, that the purchaser has been identified and
agreed to purchase such RVMTP Shares on the Mandatory Tender Date; (2) collect
the Remarketing Purchase Price via wire transfer from such purchaser on the
Mandatory Tender Date; (3) wire the Remarketing Purchase Price to the
Securities Depository for delivery to the current Holder of the RVMTP Shares
subject to Mandatory Tender on the Mandatory Tender Date; and (4) direct that
such RVMTP Shares be delivered to the Remarketing Settlement</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.85pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Agent.</font></p>

<p style="margin:0in;margin-top:.45pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:122.6pt;margin-right:5.9pt;margin-top:.05pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;">(C)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">The Remarketing
Settlement Agent shall then direct transfer of the RVMTP Shares subject to
Mandatory Tender to the purchaser through the Securities Depository on the
Mandatory Tender Date.</font></p>

<p style="margin:0in;margin-top:.45pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:132.0pt;margin-right:5.9pt;margin-top:.05pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">For the avoidance of doubt, in the event of a successful Remarketing of
all RVMTP Shares subject to Mandatory Tender pursuant to&#160; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.5(b)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">,
such Mandatory Tender will be cancelled and the Fund shall</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.7pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">provide,</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.75pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">or</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.7pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">cause</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.8pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">to</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.75pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">be</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.7pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">provided,</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.75pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">a</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.75pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">notice</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.7pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">through</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.8pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.8pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Securities</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_35"></a><a name="_bclPageBorder35"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:131.95pt;margin-right:3.3pt;margin-top:3.7pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Depository cancelling the Mandatory Tender with respect
to the RVMTP Shares so Remarketed.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin-bottom:.0001pt;margin-left:2.0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-102.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;">(c)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Failed Remarketing and
Mandatory</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.35pt;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Tender</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">.</font></p>

<p style="margin:0in;margin-top:.35pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:82.3pt;margin-right:5.9pt;margin-top:4.5pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(i)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">With respect to a Mandatory Tender Event
described in</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> Section 2.5(a)(i)(B)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, if, for any reason (other than a
failure to timely deliver RVMTP Shares subject to a Mandatory Tender and only
to the extent that such failure to deliver is caused by administrative issues
and is cured within two (2) Business Days), all of the RVMTP Shares subject to
Mandatory Tender are not Remarketed by the related Mandatory Tender Date
pursuant to </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.5(b)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> or are</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.15pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">not</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.15pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">then</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.15pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">subject</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.2pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">to</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.2pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">an</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.15pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">election</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.25pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">to</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.15pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">retain</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.15pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">pursuant</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.15pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">to</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.15pt;line-height:115%;"> </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.2pt;line-height:115%;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">2.5(a)(iv)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">,</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.1pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">then</font></p>

<p style="margin-bottom:0in;margin-left:82.3pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.45pt;line-height:115%;">(A)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.45pt;line-height:115%;">&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">a failed remarketing shall be deemed
to have occurred (which, for the avoidance of doubt, shall be with respect to
all RVMTP Shares subject to the Mandatory Tender) (a &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Failed Remarketing</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;)
that may trigger the application of a Failed Remarketing Spread as described in
clause (ii) of the definition thereof and (B) all such RVMTP Shares shall be
retained by their respective Holders, and no such RVMTP Shares shall be
purchased on the Mandatory Tender</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.75pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Date;</font></p>

<p style="margin-bottom:0in;margin-left:82.3pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(ii)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">With respect to a Mandatory Tender
Event described in</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> Section 2.5(a)(i)(A) or 2.5(a)(i)(C)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, if any RVMTP
Shares subject to Mandatory Tender are not Remarketed by the Mandatory Tender
Date, then all such RVMTP Shares shall be redeemed by the Fund on the Mandatory
Tender Date pursuant to the Mandatory Tender redemption procedure described in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Sections
2.6(a)(iv)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> and </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">2.6(e)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">below.</font></p>

<p align=left style="margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:10.0pt;text-align:left;text-indent:1.0in;"><a name="_bookmark10"></a><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;">2.6.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Redemption</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">.&#160;&#160;&#160;&#160;&#160; Each Series of RVMTP Shares
shall be subject to redemption by the Fund as provided</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">below:</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin-bottom:.0001pt;margin-left:2.0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-102.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;">(a)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Term Redemption and Mandatory
Tender</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.6pt;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Redemption</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">.</font></p>

<p style="margin:0in;margin-top:.4pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:82.3pt;margin-right:5.9pt;margin-top:4.45pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(i)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Term Redemption</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. Subject to </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(e)(v)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">,
the Fund shall redeem all RVMTP Shares of a Series then Outstanding on the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.75pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Term Redemption Date for such Series, out
of funds legally available therefor under applicable law, at a price per share
equal to the Liquidation Preference per share of such Series plus an amount
equal to all unpaid dividends and other distributions on such share of such
Series accumulated from and including the Date of Original Issue to (but
excluding) the Term Redemption Date for such Series (whether or not earned or
declared by the Fund, but excluding interest thereon) (the &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Term Redemption
Price</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;); </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">provided</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">however</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, that the Term Redemption Date for
such Series of RVMTP Shares may be extended pursuant to </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(a)(ii)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">
or </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(a)(iii)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.25pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">below.</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_36"></a><a name="_bclPageBorder36"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin-bottom:0in;margin-left:82.3pt;margin-right:5.9pt;margin-top:3.7pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(ii)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">(A) The Fund
shall have the right, exercisable not more than three hundred and sixty-five
(365) calendar days nor less than one hundred and twenty (120) calendar days
prior to the Term Redemption Date of a Series of RVMTP Shares, to request by
notice (accompanied by a No Adverse Effect Opinion) that each Designated Owner
of such RVMTP Shares extend the Term Redemption Date for such Series of RVMTP
Shares by at least an additional three hundred and sixty-five (365) calendar
days (a &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Designated Owner Term Extension Request</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;), which request may be
conditioned upon terms and conditions that are different from the terms and
conditions set forth herein or in the Appendix applicable to such Series of
RVMTP</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.7pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Shares.</font></p>

<p style="margin-bottom:.0001pt;margin-left:230.65pt;margin-right:0in;margin-top:10.0pt;text-align:justify;text-indent:-36.05pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.45pt;">(B)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.45pt;">&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Each</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.05pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Designated</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.05pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Owner</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.05pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">shall,</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.1pt;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">no</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.05pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">later</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.05pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">than</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.05pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">sixty</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:122.6pt;margin-right:5.9pt;margin-top:2.05pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">(60) calendar days after receiving a Designated Owner Term Extension
Request, notify the Fund and the Tender and Paying Agent of its acceptance or
rejection of such request, which acceptance by such Designated Owner may be
conditioned upon terms and conditions that are different from the terms and
conditions set forth herein or the terms and conditions proposed the Fund in
making a Designated Owner Term Extension Request (a &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Conditional Acceptance</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;).
A Conditional Acceptance conditioned upon terms and conditions that are
accepted by the Fund and that are different from the terms and conditions set
forth herein shall be deemed to be a consent by such Designated Owner to amend
this Statement to reflect such different terms and conditions, but only with
respect to the RVMTP Shares of such Series beneficially owned by such
Designated Owner. To the extent that a Designated Owner of RVMTP Shares of a
Series of RVMTP Shares subject to a Designated Owner Term Extension Request
rejects such Designated Owner Term Extension Request pursuant to this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section
2.6(a)(ii)(B),</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> or is deemed to reject such Designated Owner Term Extension
Request pursuant to </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(a)(ii)(C)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> below, the RVMTP Shares of
such Series beneficially owned by such Designated Owner shall be subject to
redemption as provided in this Statement, without giving effect to any
Designated Owner Term Extension Request.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:122.6pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.45pt;line-height:115%;">(C)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.45pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">If any Designated Owner fails to
notify the Fund or the Tender and Paying Agent of its acceptance or rejection
of the Fund&#8217;s</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.05pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Designated</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.05pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Owner</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.05pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Term</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.05pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Extension</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.1pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Request</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.1pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">within</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.1pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">such</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.0pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">sixty</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:122.6pt;margin-right:5.9pt;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">(60) calendar day period, such failure to respond will be deemed a
rejection of such Designated Owner Term Extension Request by such Designated
Owner.&#160; If a Designated Owner of RVMTP Shares provides a</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.85pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Conditional</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.0pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Acceptance,</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.9pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">then</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.9pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.9pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Fund</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.9pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">shall</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.85pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">have</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.9pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">sixty</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.9pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">(60)</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.9pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">calendar</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_37"></a><a name="_bclPageBorder37"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:122.65pt;margin-right:5.9pt;margin-top:3.7pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">days thereafter to notify such Designated Owner
of its acceptance or rejection of the terms and conditions specified in the
Conditional Acceptance. The Fund&#8217;s failure to notify such Designated Owner
within such sixty (60) calendar day period will be deemed a rejection of the
terms and conditions specified in the Conditional Acceptance.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:122.6pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.45pt;line-height:115%;">(D)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.45pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Each Designated Owner of a Series of
RVMTP Shares may grant or deny any Designated Owner Term Extension Request
applicable to such Series of RVMTP Shares in its sole and absolute</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">discretion.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:122.6pt;margin-right:5.95pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.45pt;line-height:115%;">(E)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.45pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Unless the Fund and any Designated
Owner of RVMTP Shares that has agreed to a Designated Owner Term Extension
Request otherwise agree pursuant to the procedures described in this</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> Section
2.6(a)(ii)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, in the event that the Term Redemption Date of a Series of RVMTP
Shares is extended pursuant to this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(a)(ii),</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> the Liquidity
Account Initial Date, as set forth in the Appendix establishing such Series,
shall be extended accordingly, as provided in such Appendix, with respect to
the RVMTP Shares of such Series held by such Designated</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Owner.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:82.3pt;margin-right:5.95pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(iii)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">The Fund shall have the right,
exercisable not less than sixty (60) calendar days prior to the Term Redemption
Date of a Series of RVMTP Shares, to request by notice (accompanied by a No
Adverse Effect Opinion) to the Holders of 100% of the Outstanding RVMTP Shares
of such Series, an extension of the Term Redemption Date (a &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Holder Term
Extension Request</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;). Any failure by a Holder to respond or agree to such
Holder Term Extension Request in writing within sixty (60) calendar days of the
receipt thereof shall be deemed to be a rejection of the extension request and
the Term Redemption Date may only be extended pursuant to this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section
2.6(a)(iii)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> upon the written consent of 100% of the Holders of the RVMTP
Shares of such Series. In the event that the Term Redemption Date of a Series
of RVMTP Shares is extended pursuant to this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(a)(iii),</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> the Liquidity
Account Initial Date, as set forth in the Appendix establishing such Series,
shall be extended accordingly, as provided in such</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Appendix.</font></p>

<p align=left style="margin-bottom:.0001pt;margin-left:190.3pt;margin-right:0in;margin-top:10.0pt;text-align:left;text-indent:-.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;">(iv)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;">&nbsp;&nbsp;&nbsp; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Mandatory Tender</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Redemption</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">.</font></p>

<p style="margin:0in;margin-top:.55pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:82.45pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Following a Mandatory Tender Event of the kind
described in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.5(a)(i)(A)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> or</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> 2.5(a)(i)(C)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, any RVMTP
Shares subject to such Mandatory Tender Event that are not subject to an
election to retain by the Holders pursuant to </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.5(a)(iv)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> and
have not been successfully</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_38"></a><a name="_bclPageBorder38"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:82.45pt;margin-right:5.9pt;margin-top:3.7pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Remarketed by the related Mandatory Tender Date
pursuant to </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.5(b)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> shall be redeemed by the Fund on such
Mandatory Tender Date (the date of such redemption, &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Mandatory Tender
Redemption Date</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;), at a price per share equal to the Liquidation Preference
per share plus an amount equal to all unpaid dividends and other distributions
on such RVMTP Shares accumulated from and including the Date of Original Issue
of such RVMTP Shares to (but excluding) the Mandatory Tender Redemption Date
(whether or not earned or declared by the Fund, but excluding interest thereon)
(the &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Mandatory Tender Redemption</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Price</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;).</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-top:.3pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:82.45pt;margin-right:5.9pt;margin-top:4.5pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">If a Mandatory Tender Redemption Date occurs pursuant
to this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(a)(iv)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> and such date is prior to the Lock-Out Date,
then the Optional Redemption Premium shall be payable on such Mandatory Tender
Redemption Date in addition to the Mandatory Tender Redemption Price.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin-bottom:0in;margin-left:114.0pt;margin-right:5.9pt;margin-top:0in;text-align:left;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;">(b)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">1940
Act Asset Coverage and Effective Leverage Ratio Mandatory Redemption</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">.</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:6.5pt;">&nbsp;</font></p>

<p align=left style="margin-bottom:.0001pt;margin-left:190.3pt;margin-right:0in;margin-top:4.5pt;text-align:left;text-indent:-.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;">(i)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;">&nbsp;&nbsp;&nbsp; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Mandatory 1940 Act Asset Coverage</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.6pt;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Redemption</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">.</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.5pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:122.6pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(A)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">If the Fund fails to comply with the
1940 Act Asset Coverage requirement as provided in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.4(a)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> as of
any time as of which such compliance is required to be determined in accordance
with </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.4(a)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> and such failure is not cured as of the applicable
1940 Act Asset Coverage Cure Date other than as a result of the redemption
required by this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(b)(i)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, the Fund shall, to the extent
permitted by the 1940 Act and Massachusetts law, by the close of business on
the second (2</font><font style="position:relative;top:-3.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:115%;">nd</font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">)
Business Day next following such 1940 Act Asset Coverage Cure Date, cause a
notice of redemption to be issued, in accordance with the terms of the
Preferred Shares to be redeemed. In addition, in accordance with the terms of
the Preferred Shares to be redeemed, the Fund shall cause to be deposited
Deposit Securities (in the case of the RVMTP Shares) or other sufficient
securities or funds (in the case of any other Preferred Shares, as applicable)
in trust with the Tender and Paying Agent or other applicable paying agent, in
each case in accordance with the terms of the Preferred Shares to be redeemed
for the redemption of a sufficient number of Preferred Shares, which, to the
extent permitted by the 1940 Act and Massachusetts law, enable the Fund to meet
the requirements of </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(b)(i)(B)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. The Fund shall allocate</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.55pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">such</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.5pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">redemption</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.5pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">on</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.55pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">a</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.5pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">pro</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.5pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">rata</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.55pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">basis</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.5pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">among</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.55pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">different</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.55pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">series</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.5pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">of</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_39"></a><a name="_bclPageBorder39"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:122.65pt;margin-right:5.95pt;margin-top:3.7pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Preferred Shares (including the shares of the
Series of RVMTP Shares) as permitted pursuant to the 1940 Act and Massachusetts
law. In the event that any RVMTP Shares of a Series then Outstanding are to be
redeemed pursuant to this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(b)(i)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, the Fund shall redeem such
shares, out of funds legally available therefor under applicable law, at a
price per share equal to the Liquidation Preference per share of such Series
plus an amount equal to all unpaid dividends and other distributions on such
share of such Series accumulated from and including the Date of Original Issue
to (but excluding) the date fixed for such redemption by the Board of Trustees
(whether or not earned or declared by the Fund, but without interest thereon) (the
&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Mandatory</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">1940 Act Asset Coverage Redemption</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.25pt;line-height:115%;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Price</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;).</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:6.5pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:122.6pt;margin-right:5.9pt;margin-top:4.5pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(B)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">On the Redemption Date for a
redemption contemplated by </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(b)(i)(A)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, the Fund shall redeem
at the Mandatory 1940 Act Asset Coverage Redemption Price, out of funds legally
available therefor, under applicable law, such number of Preferred Shares
(which may include at the sole option of the Fund any number or proportion of
RVMTP Shares of any Series) as shall be equal to the lesser of (x) the minimum
number of Preferred Shares, the redemption of which, if deemed to have occurred
immediately prior to the opening of business on the applicable 1940 Act Asset
Coverage Cure Date, would result in the Fund having on such cure date, 1940 Act
Asset Coverage of at least the Minimum Asset Coverage Level (provided, however,
that if there is no such minimum number of RVMTP Shares and other Preferred
Shares the redemption or retirement of which would have such result, all RVMTP
Shares and other Preferred Shares then outstanding shall be redeemed), and (y) the
maximum number of Preferred Shares that can be redeemed out of funds expected
to be legally available therefor in accordance with the Declaration and
applicable law. Notwithstanding the foregoing, in the event that Preferred
Shares are redeemed pursuant to this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(b)(i)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, the Fund may at
its sole option, but is not required to, include in the number of Preferred
Shares being mandatorily redeemed pursuant to this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(b)(i)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> a
sufficient number of RVMTP Shares of any Series that, when aggregated with
other Preferred Shares redeemed by the Fund, would result, if deemed to have
occurred immediately prior to the opening of business on the 1940 Act Asset
Coverage Cure Date, in the Fund having on such 1940 Act Asset Coverage Cure
Date, as applicable, 1940 Act Asset Coverage of up to and including 110% of the
Minimum Asset Coverage</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.85pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Level;</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.85pt;line-height:115%;"> </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">provided</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.85pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">that</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.85pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">if</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.85pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.85pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">1940</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.85pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Act</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.85pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Asset</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.8pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Coverage</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.9pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">is</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_40"></a><a name="_bclPageBorder40"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:122.65pt;margin-right:5.95pt;margin-top:3.7pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">increased to greater than the Minimum Asset
Coverage Level, the Optional Redemption Premium shall be due on any such excess
redemptions. The Fund shall effect such redemption on the date fixed&#160; by the
Fund therefor, which date shall not be later than thirty (30) calendar days
after such 1940 Act Asset Coverage Cure Date, except that if the Fund does not
have funds legally available for the redemption of all of the required number
of RVMTP Shares and other Preferred Shares which have been designated to be redeemed
or the Fund otherwise is unable to effect such redemption on or prior to thirty
(30) calendar days after such 1940 Act Asset Coverage Cure Date, the Fund shall
redeem those RVMTP Shares and other Preferred Shares which it was unable to
redeem on the earliest practicable date following such thirty (30) calendar day
period on which it is able to effect such redemption. If fewer than all of the
Outstanding RVMTP Shares of a Series are to be redeemed pursuant to this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section
2.6(b)(i)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, the number of RVMTP Shares of such Series to be redeemed from
the respective Holders shall be selected (A) pro rata among the Outstanding
shares of such Series, (B) by lot or (C) in such other manner as the Board of
Trustees may determine to be fair and equitable, in each case, in accordance
with the 1940 Act; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">provided</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, that such method of redemption as set forth
in clause (A), (B) or (C) of this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(b)(i)(B)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> shall be subject
to any applicable procedures established by the Securities Depository.</font></p>

<p style="margin:0in;margin-top:.45pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin-bottom:.0001pt;margin-left:190.3pt;margin-right:0in;margin-top:.05pt;text-align:left;text-indent:-.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;">(ii)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;">&nbsp;&nbsp;&nbsp; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Effective Leverage Ratio Mandatory</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.4pt;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Redemption</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">.</font></p>

<p style="margin:0in;margin-top:.55pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:122.6pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(A)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">If (1) the Fund fails to comply with
the Effective Leverage Ratio requirement as provided in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.4(c)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">
as of any time as of which such compliance is required to be determined in
accordance with </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.4(c),</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> (2) with respect to the initial Series
of RVMTP Shares issued pursuant to this Statement, the Fund fails to comply
with the Effective Leverage Ratio requirement calculated as set forth in (x)
Section 6.13 of the Purchase Agreement applicable to such Series of RVMTP Shares
if such requirement is still in effect in accordance with the terms of such
Purchase Agreement and (y) the Appendix applicable to the initial Series of
RVMTP Shares, or (3) with respect to any other Series of RVMTP Shares issued
pursuant to this Statement, the Fund fails to comply with any additional
requirements relating to the calculation of the Effective Leverage Ratio
pursuant to the Purchase Agreement (if any applicable requirement exists or
remains in effect in accordance</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.8pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">with</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.7pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.7pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">terms</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.75pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">of</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.75pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">such</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.7pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Purchase</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.7pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Agreement)</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.75pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">or</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.7pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Appendix</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_41"></a><a name="_bclPageBorder41"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:122.6pt;margin-right:5.95pt;margin-top:3.7pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">applicable to such Series of RVMTP Shares, and,
in any such case under clause (1), (2) or (3) above, such failure is not cured
as of the close of business on the date that is ten (10) Business Days
following the Business Day on which such non-compliance is first determined
(the &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Effective Leverage Ratio Cure Date</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;) other than as a result of the
redemption or other actions required by this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(b)(ii)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, the
Fund shall cause the Effective Leverage Ratio (calculated in accordance with
the requirements applicable to the determination of the Effective Leverage
Ratio under this Statement, and under the Appendix and Purchase Agreement for
any applicable Series of RVMTP Shares in respect of which the Effective Leverage
Ratio is being determined) to not exceed the Effective Leverage Ratio required
under </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.4(c)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> as so determined, by (x) not later than the close
of business on the Business Day next following the Effective Leverage Ratio
Cure Date, engaging in transactions involving or relating to the floating rate
securities not owned by the Fund and/or the inverse floating rate securities
owned by the Fund, including the purchase, sale or retirement thereof, (y) to
the extent permitted by the 1940 Act and Massachusetts law, not later than the
close of business on the second (2</font><font style="position:relative;top:-3.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;line-height:115%;">nd</font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">) Business Day next following the
Effective Leverage Ratio Cure Date, causing a Notice of Redemption to be
issued, and in addition, causing to be irrevocably deposited Deposit Securities
(in the case of the RVMTP Shares) or other sufficient securities or funds (in
the case of other Preferred Shares, as applicable) in trust with the Tender and
Paying Agent or other applicable paying agent, in each case in accordance with
the terms of the Preferred Shares to be redeemed, for the redemption at the
redemption price specified in the terms of such Preferred Shares of a
sufficient number of Preferred Shares, which at the Fund&#8217;s sole option (to the
extent permitted by the 1940 Act and Maryland law) may include any number or
proportion of RVMTP Shares, or (z) engaging in any combination, in the Fund&#8217;s
discretion, of the actions contemplated by clauses (x) and (y) of this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section
2.6(b)(ii)(A)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. In the event that any RVMTP Shares of a Series are to be redeemed
pursuant to clause (y) of this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(b)(ii)(A)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, the Fund shall
redeem such RVMTP Shares at a price per RVMTP Share equal to the Mandatory 1940
Act Asset Coverage Redemption Price out of funds legally available therefor
under applicable law. Notwithstanding the foregoing, in the event that
Preferred Shares are redeemed pursuant to this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(b)(ii)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, the
Fund may at its sole option, but is not required to, include in the number of
Preferred Shares being mandatorily redeemed pursuant to this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section
2.6(b)(ii)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> a sufficient number of RVMTP Shares of any Series that,</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.75pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">when</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_42"></a><a name="_bclPageBorder42"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:122.65pt;margin-right:5.95pt;margin-top:3.7pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">aggregated with other Preferred Shares redeemed
by the Fund, would result, if deemed to have occurred immediately prior to the
opening of business on the Effective Leverage Ratio Cure Date, in the Fund
having an Effective Leverage Ratio on such Effective Leverage Ratio Cure Date
of no less than 45%; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">provided</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> that if the Effective Leverage Ratio is
reduced to less than 45%, the Optional Redemption Premium shall be due on any
such excess redemptions.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:122.6pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(B)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">On the Redemption Date for a
redemption contemplated by clause (y) of </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(b)(ii)(A)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, the Fund
shall not redeem more than the maximum number of Preferred Shares that can be
redeemed out of funds expected to be legally available therefor in accordance
with the Declaration and applicable law. If the Fund is unable to redeem the
required number of RVMTP Shares and other Preferred Shares which have been
designated to be redeemed in accordance with clause (y) of </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section
2.6(b)(ii)(A)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> due to the unavailability of legally available funds, the
Fund shall redeem those RVMTP Shares and other Preferred Shares which it was
unable to redeem on the earliest practicable date following such Redemption
Date on which it is able to effect such redemption (based upon a number and
proportion of each series of Preferred Shares as shall be necessary to effect a
Pro Rata Allocation) and there are legally available funds to effectuate such
redemption. If fewer than all of the Outstanding&#160; RVMTP Shares of a Series are
to be redeemed pursuant to clause (y) of</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> Section 2.6(b)(ii)(A)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, the
number of RVMTP Shares of such Series to be redeemed from the respective
Holders shall be selected (A) pro rata among the Outstanding shares of such
Series, (B) by lot or (C) in such other manner as the Board of Trustees may
determine to be fair and equitable in each case, in accordance with the 1940
Act; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">provided</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> that such method of redemption as set forth in clause (A),
(B) or (C) of this</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> Section 2.6(b)(ii)(B)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> shall be subject to any
applicable procedures established by the Securities</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Depository.</font></p>

<p style="margin:0in;margin-top:.45pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin-bottom:.0001pt;margin-left:2.0in;margin-right:0in;margin-top:.05pt;text-align:left;text-indent:-102.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;">(c)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Optional</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Redemption</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">.</font></p>

<p style="margin:0in;margin-top:.35pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:82.3pt;margin-right:5.9pt;margin-top:4.5pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(i)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Subject to the provisions of </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section
2.6(c)(ii)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, the Fund may at its option on any Business Day (an &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Optional
Redemption Date</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;) redeem in whole or from time to time in part the Outstanding
RVMTP Shares of any Series out of funds legally available therefor in
accordance with the Declaration and applicable law, at a redemption price per
RVMTP Share (the &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Optional Redemption Price</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;) equal to (x) the
Liquidation Preference per RVMTP Share</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.4pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">of</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_43"></a><a name="_bclPageBorder43"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:82.3pt;margin-right:5.95pt;margin-top:3.7pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">such Series plus (y) an amount equal to all
unpaid dividends and other distributions on such RVMTP Share of such Series
accumulated from and including the Date of Original Issue to (but excluding)
the Optional Redemption Date (whether or not earned or declared by the Fund,
but without interest thereon) plus (z) the Optional Redemption Premium per
share (if any) that is applicable to an optional redemption of RVMTP Shares of
such Series that is effected on such Optional Redemption Date as set forth in
the Appendix relating to such Series; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">provided</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> that in connection with
any (A) redemption pursuant to this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(c)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> or pursuant to </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section
2.6(b)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> that is effectuated in order to comply with the requirements of the
1940 Act or this Statement, the Purchase Agreement or the Registration Rights
Agreement or (B) any redemption in accordance with </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(a)(iv)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> or
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(b)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> (except as set forth therein), no Optional Redemption
Premium specified in clause (z) above or penalty or premium shall be</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">payable.</font></p>

<p style="margin-bottom:0in;margin-left:82.3pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(ii)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">If fewer than all of the Outstanding
RVMTP Shares of a Series are to be redeemed pursuant to </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(c)(i)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">,
the shares of such Series to be redeemed shall be selected either (A) pro rata
among the Holders of such Series, (B) by lot or (C) in such other manner as the
Board of Trustees may determine to be fair and equitable; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">provided</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, in
each such case, that such method of redemption as set forth in clause (A), (B)
or (C) of this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(c)(ii)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> shall be subject to any applicable
procedures established by the Securities Depository. Subject to the provisions
of this Statement and applicable law, the Board of Trustees will have the full
power and authority to prescribe the terms and conditions upon which RVMTP
Shares will be redeemed pursuant to this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#160;Section 2.6(c)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> from time to</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">time.</font></p>

<p style="margin-bottom:.0001pt;margin-left:82.3pt;margin-right:5.95pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(iii)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">The Fund may not on any date deliver
a Notice of Redemption pursuant to </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(e)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> in respect of a
redemption contemplated to be effected pursuant to this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(c)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">
unless on such date the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.4pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Fund reasonably
expects to have available Deposit Securities for the Optional Redemption Date
contemplated by such Notice of Redemption having a Market Value not less than
the amount (including any applicable premium) due to Holders of RVMTP Shares by
reason of the redemption of such RVMTP Shares on such Optional Redemption</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.2pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Date.</font></p>

<p style="margin-bottom:0in;margin-left:82.3pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(iv)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">RVMTP Shares of a Series redeemed at
the Fund&#8217;s sole option in accordance with, but solely to the extent
contemplated by, </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(a)(iv)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(b)(i)(B)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> or </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section
2.6(b)(ii)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> shall be considered mandatorily redeemed pursuant to such
Section, as applicable, and not subject to this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">2.6(c)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">.</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_44"></a><a name="_bclPageBorder44"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p align=left style="margin-bottom:.0001pt;margin-left:2.0in;margin-right:0in;margin-top:3.7pt;text-align:left;text-indent:-102.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;">(d)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">[Reserved]</font></p>

<p style="margin:0in;margin-top:.25pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p align=left style="margin-bottom:.0001pt;margin-left:2.0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-102.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;">(e)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Procedures for</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Redemption</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">.</font></p>

<p style="margin:0in;margin-top:.4pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:82.3pt;margin-right:5.95pt;margin-top:4.5pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(i)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">If the Fund shall determine or be
required to redeem, in whole or in part, RVMTP Shares of a Series pursuant to </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section
2.6(a)(i)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">(b)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> or</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> (c)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, the Fund shall deliver a notice of
redemption (the &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Notice of Redemption</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;), by overnight delivery, by first
class mail, postage prepaid or by Electronic Means to Holders thereof, or
request the Tender and Paying Agent, on behalf of the Fund, to promptly do so
by overnight delivery, by first class mail, postage prepaid or by Electronic
Means. For the avoidance of doubt, a Notice of Redemption shall not be required
if the Fund shall be required to redeem, in whole or in part, RVMTP Shares of a
series pursuant to </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(a)(iv)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. A Notice of Redemption shall be
provided not more than thirty-five (35) calendar days prior to the date fixed
for redemption and not less than ten (10) calendar days (or such shorter or
longer period as may be consented to by all of the Holders of the RVMTP Shares
of such Series, which consent shall not be deemed to be a vote required by </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section
2.7</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">) the Redemption Date; provided that, in connection with a redemption in
accordance with Section 6.20 of the Purchase Agreement, a Notice of Redemption
shall be provided at least five (5) Business Days prior to the Redemption Date.
Each such Notice of Redemption shall state: (A) the Redemption Date; (B) the
applicable Redemption Price on a per</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.15pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">share</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.15pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">basis;</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.15pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">(C)</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.15pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.25pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Series</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.2pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">and</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.2pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">number</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.15pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">of</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.2pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">RVMTP</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.2pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Shares</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.2pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">to</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.2pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">be</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.2pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">redeemed;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:82.3pt;margin-right:5.9pt;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">(D) the CUSIP number for RVMTP Shares of such Series; (E) if applicable,
the place or places where the certificate(s) for such shares (properly endorsed
or assigned for transfer, if the Board of Trustees requires and the Notice of
Redemption</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.8pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">states)</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.75pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">are</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.8pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">to</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.75pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">be</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.75pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">surrendered</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.8pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">for</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.75pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">payment</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.75pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">of</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.75pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.8pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Redemption</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.85pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Price;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:82.3pt;margin-right:5.9pt;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">(F) that dividends on the RVMTP Shares to be redeemed will cease to
accumulate from and after such Redemption Date; and (G) the provisions of this
Statement under which such redemption is made. If fewer than all RVMTP Shares
held by any Holder are to be redeemed, the Notice of Redemption delivered to
such Holder shall also specify the number of RVMTP Shares to be redeemed from
such Holder and/or the method of determining such number. The Fund may provide
in any Notice of Redemption relating to an optional redemption contemplated to
be effected pursuant to </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(c)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> of this Statement that such
redemption is subject to one or more conditions precedent and that the Fund
shall not be required to effect such redemption unless each such condition has
been satisfied at the time or times and in the manner specified in such Notice
of Redemption. No defect in the Notice of Redemption or delivery thereof shall
affect the validity of redemption proceedings, except as required by applicable
law.</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_45"></a><a name="_bclPageBorder45"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin-bottom:0in;margin-left:82.3pt;margin-right:5.9pt;margin-top:3.7pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(ii)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">If (1) the Fund
shall give a Notice of Redemption or (2) the Fund is required to redeem RVMTP
Shares on the Mandatory Tender Date pursuant to </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(a)(iv)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, then
at any time from and after the giving of such Notice of Redemption or Notice of
Mandatory Tender, as applicable, and prior to 11:00 a.m., New York City time,
on the Redemption Date (so long as any conditions precedent to such redemption
have been met or waived by the Fund), the Fund shall (A) deposit with the
Tender and Paying Agent Deposit Securities having an aggregate Market Value on
the date thereof no less than the Redemption Price of the RVMTP Shares to be
redeemed on the Redemption Date and (B) give the Tender and Paying Agent
irrevocable instructions and authority to pay the applicable Redemption Price
to the Holders of the RVMTP Shares called for redemption on the Redemption
Date. The Fund may direct the Tender and Paying Agent with respect to the
investment of any Deposit Securities consisting of cash so deposited prior to
the Redemption Date, </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">provided</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> that the proceeds of any such investment
shall be available at the opening of business on the Redemption Date as
same-day funds. Notwithstanding the provisions of clause (A) of the preceding
sentence, if the Redemption Date is the Term Redemption Date or the Early Term
Redemption Date, then such deposit of Deposit Securities (which may come in
whole or in part from the Term Redemption Liquidity Account) shall be made no
later than fifteen (15) calendar days prior to the Term Redemption Date or the
Early Term Redemption</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.3pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Date.</font></p>

<p style="margin-bottom:0in;margin-left:82.3pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(iii)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Upon the date of the deposit of such
Deposit Securities, all rights of the Holders of the RVMTP Shares so called for
redemption shall cease and terminate except the right of the Holders thereof to
receive the Redemption Price thereof and such RVMTP Shares shall no longer be
deemed Outstanding for any purpose whatsoever (other than (A) the transfer
thereof prior to the applicable Redemption Date and (B) the accumulation of
dividends thereon in accordance with the terms hereof up to (but excluding) the
applicable Redemption Date, which accumulated dividends, unless previously
declared and paid as contemplated by the last sentence of </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(e)(vi)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">
below, shall be payable only as part of the applicable Redemption Price on the
Redemption Date). The Fund shall be entitled to receive from the Tender and
Paying Agent, promptly after the Redemption Date, any Deposit Securities in
excess of the aggregate Redemption Price of the RVMTP Shares called for
redemption and redeemed on the Redemption Date. Any Deposit Securities so
deposited that are unclaimed at the end of three hundred sixty-five (365)
calendar days from the Redemption Date shall, to the extent permitted by law,
be repaid to the Fund, after which Holders of the RVMTP Shares so called for
redemption shall look only</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.15pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">to</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.25pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.2pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Fund</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.2pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">for</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.15pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">any</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.25pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">payment</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.15pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">of</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.2pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.2pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Redemption</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.3pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Price</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.15pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">thereof.</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.5pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">The</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.25pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Fund</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_46"></a><a name="_bclPageBorder46"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:82.3pt;margin-right:3.3pt;margin-top:3.7pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">shall be entitled to receive, from time to time after the
Redemption Date, any interest on the Deposit Securities so deposited.</font></p>

<p style="margin-bottom:0in;margin-left:82.3pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(iv)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">On or after the Redemption Date, each
Holder of RVMTP Shares in certificated form (if any) that are subject to
redemption shall surrender the certificate(s) evidencing such RVMTP Shares to
the Fund at the place designated in the Notice of Redemption and shall then be
entitled to receive the Redemption Price for such RVMTP Shares, without
interest, and, in the case of a redemption of fewer than all the RVMTP Shares
represented by</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.6pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">such certificate(s), a
new certificate representing the RVMTP Shares that were not redeemed.</font></p>

<p style="margin:0in;margin-top:.3pt;"><font face="Times New Roman" lang=EN-US style="font-size:4.5pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:82.3pt;margin-right:5.95pt;margin-top:4.5pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(v)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Notwithstanding the other provisions
of this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, except as otherwise required by law, the Fund shall
not redeem any RVMTP Shares or other series of Preferred Shares ranking on a
parity with the RVMTP Shares with respect to dividends and other distributions
unless all accumulated and unpaid dividends and other distributions on all
Outstanding RVMTP Shares and shares of other series of Preferred Shares for all
applicable past dividend periods (whether or not earned or declared by the
Fund) (x) shall have been or are contemporaneously paid or (y) shall have been
or are contemporaneously declared and Deposit Securities (in the case of the
RVMTP Shares) or other sufficient securities or funds (in the case of other
Preferred Shares, as applicable) (in accordance with the terms of such
Preferred Shares for the payment of such dividends and other distributions)
shall have been or are contemporaneously deposited with the Tender and Paying
Agent or other applicable paying agent for such Preferred Shares in accordance
with the terms of such Preferred Shares,</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> provided</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">however</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, that
the foregoing shall not prevent the purchase or acquisition of Outstanding
RVMTP Shares pursuant to an otherwise lawful purchase or exchange offer made on
the same terms to Holders of all Outstanding RVMTP Shares and any other series
of Preferred Shares for which all accumulated and unpaid dividends and other
distributions have not been</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.75pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">paid.</font></p>

<p style="margin-bottom:0in;margin-left:82.3pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(vi)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">To the extent that any redemption for
which a Notice of Redemption has been provided is not made by reason of the
absence of legally available funds therefor in accordance with the Declaration,
this Statement, and applicable law, such redemption shall be made as soon as
practicable to the extent such funds become available. In the case of any
redemption pursuant to</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> Section 2.6(c)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, no Redemption Default shall be
deemed to have occurred if the Fund shall fail to deposit in trust with the
Tender and Paying Agent the Redemption Price with respect to any shares where
(1) the Notice of Redemption relating to such redemption </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">provided</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> that
such redemption was subject to one or more</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.15pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">conditions</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.2pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">precedent</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.1pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">and</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.2pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">(2)</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.1pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">any</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.15pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">such</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.1pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">condition</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.25pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">precedent</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.1pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">shall</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.1pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">not</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.15pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">have</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_47"></a><a name="_bclPageBorder47"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:82.3pt;margin-right:5.9pt;margin-top:3.7pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">been satisfied at the time or times and in the
manner specified in such Notice of Redemption. Notwithstanding the fact that a
Notice of Redemption has been provided with respect to any RVMTP Shares,
dividends may be declared and paid on such RVMTP Shares in accordance with
their terms if Deposit Securities for the payment of the Redemption Price of
such RVMTP Shares shall not have been deposited in trust with the Tender and
Paying Agent for that</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.9pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">purpose.</font></p>

<p style="margin-bottom:.0001pt;margin-left:113.95pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;">(f)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Tender
and Paying Agent as Trustee of Redemption Payments by Fund</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. All Deposit Securities transferred
to the Tender and Paying Agent for payment of the Redemption Price of RVMTP
Shares called for redemption shall be held in trust by the Tender and Paying
Agent for the benefit of Holders of RVMTP Shares so to be redeemed until paid
to such Holders in accordance with the terms hereof or returned to the Fund in
accordance with the provisions of </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(e)(iii)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.3pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">above.</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:6.5pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:114.0pt;margin-right:5.9pt;margin-top:4.5pt;text-align:justify;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;">(g)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Compliance
With Applicable Law</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">.
In effecting any redemption pursuant to this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, the Fund shall
use its best efforts to comply with all applicable conditions precedent to
effecting such redemption under the 1940 Act and any applicable law, but shall
effect no redemption except in accordance with the 1940 Act and any applicable</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.15pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">law.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:113.95pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;">(h)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Modification
of Redemption Procedures</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. Notwithstanding the foregoing provisions of this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">,
the Fund may, in its sole discretion and without a shareholder vote, modify the
procedures set forth above with respect to notification of redemption for the
RVMTP Shares,</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> provided</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> that such modification does not materially and
adversely affect the Holders of the RVMTP Shares or cause the Fund to violate
any applicable law, rule or regulation; and </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">provided</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">further</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> that
no such modification shall in any way alter the rights or obligations of the
Tender and Paying Agent without its prior</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.3pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">consent.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin-bottom:.0001pt;margin-left:114.0pt;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;">2.7.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Voting</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;"> <a name="_bookmark11"></a></font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Rights</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">.</font></p>

<p style="margin:0in;margin-top:.4pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:113.95pt;margin-right:5.9pt;margin-top:4.5pt;text-align:justify;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.3pt;line-height:115%;">(a)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.3pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">One
Vote Per RVMTP Share</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">.
Except as otherwise provided in the Declaration, this Statement, or as
otherwise required by law, (i) each Holder of RVMTP Shares shall be entitled to
one vote for each RVMTP Share held by such Holder on each matter submitted to a
vote of all shareholders of the Fund, and (ii) the holders of outstanding
Preferred Shares, including Outstanding RVMTP Shares, and Common Shares shall
vote together as a single class; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">provided</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">however</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, that the
holders of outstanding Preferred Shares, including Outstanding RVMTP Shares,
shall be entitled, as a class, to the exclusion of the Holders of all other</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.6pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">securities</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_48"></a><a name="_bclPageBorder48"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:114.0pt;margin-right:5.9pt;margin-top:3.7pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">and Common Shares of the Fund, to elect two
trustees of the Fund, it being understood that each Preferred Share, including
the RVMTP Shares, entitles the Holder thereof to one vote for each Preferred
Share in respect to the election of each such trustee. Subject to </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section
2.7(b)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, the Holders of outstanding Common Shares and Preferred Shares,
including RVMTP Shares, voting together as a single class, shall elect the
balance of the trustees.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin-bottom:.0001pt;margin-left:2.0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-102.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.3pt;">(b)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.3pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Voting For Additional</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.2pt;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Trustees</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">.</font></p>

<p style="margin:0in;margin-top:.35pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:82.3pt;margin-right:5.95pt;margin-top:4.5pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.45pt;line-height:115%;">(i)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.45pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Voting Period</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. During any period in which any one
or more of the conditions described in clauses (A) or (B) of this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section
2.7(b)(i)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> shall exist (such period being referred to herein as a &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Voting
Period</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;), the number of trustees constituting the Board of Trustees shall
be automatically increased by the smallest number that, when added to the two
trustees elected exclusively by the Holders of Preferred Shares, including
RVMTP Shares, would constitute a majority of the Board of Trustees as so
increased by such smallest number; and the Holders of Preferred Shares,
including RVMTP Shares, shall be entitled, voting as a class on a
one-vote-per-share basis (to the exclusion of the Holders of all other
securities and classes of shares of beneficial interest of the Fund), to elect
such smallest number of additional trustees, together with the two trustees
that such Holders are in any event entitled to elect. A Voting Period&#160; shall</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">commence:</font></p>

<p style="margin:0in;margin-top:.35pt;"><font face="Times New Roman" lang=EN-US style="font-size:4.5pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:122.6pt;margin-right:5.9pt;margin-top:4.5pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.15pt;line-height:115%;">(A)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.15pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">if, at the close of business on any
dividend payment date for any outstanding Preferred Shares including any
Outstanding RVMTP Shares, accumulated dividends (whether or not earned or
declared) on such outstanding Preferred Shares, including the RVMTP Shares,
equal to at least two (2) full years&#8217; dividends shall be due and unpaid and
sufficient cash or specified securities shall not have been deposited with the
Tender and Paying Agent or other applicable paying agent for the payment of
such accumulated dividends;</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.5pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">or</font></p>

<p style="margin:0in;margin-top:.45pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:122.6pt;margin-right:5.9pt;margin-top:.05pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.15pt;line-height:115%;">(B)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.15pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">if at any time Holders of Preferred
Shares are otherwise entitled under the 1940 Act to elect a majority of the
Board of Trustees.</font></p>

<p style="margin:0in;margin-top:.45pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:.05pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">A Voting Period shall terminate upon all of such
conditions ceasing to exist.&#160; Upon the termination of a Voting Period, the
voting rights described in this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.7(b)(i)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> shall cease, subject
always, however, to the revesting of such voting rights in the Holders of
Preferred Shares upon&#160; the&#160; further&#160; occurrence&#160; of&#160; any&#160; of&#160; the&#160; events&#160;
described&#160; in&#160; this&#160; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:115%;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">2.7(b)(i)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">.</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_49"></a><a name="_bclPageBorder49"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin-bottom:.0001pt;margin-left:82.3pt;margin-right:5.95pt;margin-top:3.7pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.45pt;line-height:115%;">(ii)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.45pt;line-height:115%;">&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Notice of
Special Meeting</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. As
soon as practicable after&#160; the accrual of any right of the Holders of Preferred
Shares to elect additional trustees as described in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.7(b)(i)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">,
the Fund shall (A) call a special meeting of such Holders, (B) notify the
Tender and Paying Agent and/or such other Person as is specified in the terms
of such Preferred Shares to receive notice of such special meeting and (C)
provide (1) by mailing or delivery by Electronic Means or (2) in such other
manner and by such other means as are specified in the terms of such Preferred
Shares, a notice of such special meeting to such Holders, such meeting to be
held not less than ten (10) nor more than thirty (30) calendar days after the
date of the delivery by Electronic Means or mailing of such notice or the
delivery of such notice by such other means as are described in clause (2)
above. If the Fund fails to call such a special meeting, it may be called at
the expense of the Fund by Holders of at least 25% of outstanding Preferred
Shares on like notice. The record date for determining the Holders of Preferred
Shares entitled to notice of and to vote at such special meeting shall be the
close of business on the fifth (5th) Business Day preceding the calendar day on
which such notice is mailed or otherwise delivered. At any such special meeting
and at each meeting of Holders of Preferred Shares held during a Voting Period
at which trustees are to be elected, such Holders, voting together as a class
(to the exclusion of the Holders of all other securities and classes of shares
of beneficial interest of the Fund), shall be entitled to elect the number of trustees
prescribed in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.7(b)(i)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> hereof on a one-vote-per-share basis.</font></p>

<p style="margin:0in;margin-top:.3pt;"><font face="Times New Roman" lang=EN-US style="font-size:4.5pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:82.3pt;margin-right:5.9pt;margin-top:4.5pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.45pt;line-height:115%;">(iii)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.45pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Terms of Office of Existing Trustees</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. The terms of office of the
incumbent trustees of the Fund at the time of a special meeting of Holders of&#160;
Preferred&#160; Shares&#160; to&#160; elect&#160; additional&#160; trustees&#160; in&#160;&#160; accordance&#160;&#160; with&#160; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#160;Section
2.7(b)(i)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> shall not be affected by the election at such meeting by the
Holders of RVMTP Shares and such other Holders of Preferred Shares of the
number of trustees that they are entitled to elect, and the trustees so elected
by the Holders of RVMTP Shares and such other Holders of Preferred Shares,
together with the two (2) trustees elected by the Holders of Preferred Shares
in accordance with </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.7(a)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> hereof and the remaining trustees
elected by the holders of the Common Shares and Preferred Shares, shall
constitute the duly elected trustees of the Fund.</font></p>

<p style="margin-bottom:0in;margin-left:82.3pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.45pt;line-height:115%;">(iv)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.45pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Terms of Office of Certain Trustees
to Terminate Upon Termination of Voting Period</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. Simultaneously with the termination
of a Voting Period, the terms of office of the additional trustees elected by
the Holders of the Preferred Shares pursuant to </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.7(b)(i)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> shall
terminate, the remaining trustees</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.25pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">shall</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.25pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">constitute</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.35pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.25pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">trustees</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.3pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">of</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.25pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.25pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Fund</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.25pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">and</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.25pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.25pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">voting</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.25pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">rights</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.25pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">of</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.25pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_50"></a><a name="_bclPageBorder50"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:82.3pt;margin-right:5.9pt;margin-top:3.7pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Holders&#160; of&#160; Preferred&#160; Shares&#160; to&#160; elect&#160;
additional&#160; trustees&#160; pursuant&#160;&#160; to&#160;&#160; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.7(b)(i)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> shall cease,
subject to the provisions of the last sentence of </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:115%;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">2.7(b)(i)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">.</font></p>

<p align=left style="margin-bottom:.0001pt;margin-left:2.0in;margin-right:0in;margin-top:10.0pt;text-align:left;text-indent:-102.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.3pt;">(c)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.3pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Holders of RVMTP Shares to Vote on
Certain</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.55pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Matters.</font></p>

<p style="margin:0in;margin-top:.25pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:82.3pt;margin-right:5.95pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.45pt;line-height:115%;">(i)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.45pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Certain Amendments Requiring Approval
of RVMTP Shares</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">.
Except as otherwise permitted by the terms of this Statement, so long as any
RVMTP Shares are Outstanding, the Fund shall not, without the affirmative vote
or consent of the Holders of at least a majority of the RVMTP Shares subject to
this Statement Outstanding at the time, voting together as a separate class,
amend, alter or repeal the provisions of the Declaration, or this Statement,
whether by merger, consolidation or otherwise, so as to materially and
adversely affect any preference, right or power of such RVMTP Shares or the
Holders thereof; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">provided</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">however</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, that (i) a change in the
capitalization of the Fund in accordance with </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.9</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> hereof shall
not be considered to materially and adversely affect the rights and preferences
of the RVMTP Shares, and (ii) a division of an RVMTP Share shall be deemed to
materially and adversely affect such preferences, rights or powers only if the
terms of such division materially and adversely affect the Holders of the RVMTP
Shares. For purposes of the foregoing, no matter shall be deemed to materially
and adversely affect any preference, right or power of an RVMTP Share of any
Series or the Holder thereof unless such matter (i) alters or abolishes any
preferential right of such RVMTP Share, or (ii) creates, alters or abolishes
any right in respect of redemption of such RVMTP Share (other than solely as a
result of a division of an RVMTP Share). So long as any RVMTP Shares are
Outstanding, the Fund shall not, without the affirmative vote or consent of the
Holders of at least 66 2/3% of the RVMTP Shares Outstanding at the time, voting
as a separate class, file a voluntary application for relief under federal
bankruptcy law or any similar application under state law for so long as the Fund
is solvent and does not foresee becoming insolvent. For the avoidance of doubt,
no vote of the holders&#160; of Common Shares shall be required to amend, alter or
repeal the provisions of this Statement, including any Appendix</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.25pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">hereto.</font></p>

<p style="margin-bottom:0in;margin-left:82.3pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.45pt;line-height:115%;">(ii)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.45pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">1940 Act Matters</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. Unless a higher percentage is
provided for in the Declaration, the affirmative vote of the Holders of at
least &#8220;a majority of the outstanding Preferred Shares,&#8221; including all RVMTP
Shares Outstanding at the time, voting as a separate class, shall be required to
approve (A) any conversion of the Fund from a closed-end to an open-end
investment</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.25pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">company,</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:82.3pt;margin-right:5.9pt;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">(B) any plan of reorganization (as such term is used in the 1940 Act)
adversely affecting such shares, or (C) any other action requiring a vote of
security holders of the Fund under Section 13(a) of the 1940 Act. For purposes
of the foregoing,</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_51"></a><a name="_bclPageBorder51"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:82.3pt;margin-right:5.9pt;margin-top:3.7pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the vote of a &#8220;majority of the outstanding
Preferred Shares&#8221; means the vote at an annual or special meeting duly called of
(i) sixty-seven percent (67%) or more of such shares present at a meeting, if
the Holders of more than fifty percent (50%) of such shares are present or
represented by proxy at such meeting, or (ii) more than fifty percent (50%) of
such shares, whichever is less.</font></p>

<p style="margin-bottom:.0001pt;margin-left:82.3pt;margin-right:5.95pt;margin-top:10.0pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.45pt;line-height:115%;">(iii)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.45pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Certain Amendments Requiring Approval
of Specific Series of RVMTP Shares</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. Except as otherwise permitted by the terms of this
Statement, so long as any RVMTP Shares of a Series are Outstanding, the Fund
shall not, without the affirmative vote or consent of the Holders of at least a
majority of the RVMTP Shares of such Series, Outstanding at the time, voting as
a separate class, amend, alter or repeal the provisions of the Appendix
relating to such Series, whether by merger, consolidation or otherwise, so as
to materially and adversely affect any preference, right or power set forth in
such Appendix of the RVMTP Shares of such Series or the Holders thereof; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">provided</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">,
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">however</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, that (i) a change in the capitalization of the Fund in
accordance with </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.9</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> hereof shall not be considered to materially
and adversely affect the rights and preferences of the RVMTP Shares of such
Series, and (ii) a division of</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.55pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">an
RVMTP Share shall be deemed to materially and adversely affect such
preferences, rights or powers only if the terms of such division materially and
adversely affect the Holders of the RVMTP Shares of such Series; and </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">provided</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">,</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">
further</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">,</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.7pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">that</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.8pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">no</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.75pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">amendment,</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.85pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">alteration</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.8pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">or</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.75pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">repeal</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.75pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">of</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.75pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.75pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">obligation</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.75pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">of</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.75pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.8pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Fund</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.7pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">to</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:82.3pt;margin-right:5.9pt;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">(x) pay the Term Redemption Price on the Term Redemption Date for a Series
or the Early Term Redemption Price on the Early Term Redemption Date, or (y)
accumulate dividends at the Dividend Rate (as set forth in this Statement and
the applicable Appendix hereto) for a Series, shall be effected without, in
each case, the prior unanimous vote or consent of the Holders of such Series of
RVMTP Shares. For purposes of the foregoing, no matter shall be deemed to
materially and adversely affect any preference, right or power of an RVMTP
Share of a Series or the Holder thereof unless such matter (i) alters or
abolishes any preferential right of such RVMTP Share, or (ii) creates, alters
or abolishes any right in respect of redemption of such RVMTP Share. For the
avoidance of doubt, no vote of the holders of Common Shares shall be required
to amend, alter or repeal the provisions of this Statement, including any
Appendix</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.75pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">hereto.</font></p>

<p style="margin-bottom:.0001pt;margin-left:113.95pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.3pt;line-height:115%;">(d)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.3pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Voting
Rights Set Forth Herein Are Sole Voting Rights</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. Unless otherwise required by law,
the Declaration or this Statement, the Holders of RVMTP Shares shall not have
any relative rights or preferences or other special rights with respect to
voting such RVMTP Shares other than those specifically set forth in this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section
2.7</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">provided</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">however</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, that nothing in this Statement or the
Declaration shall be deemed to preclude</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.4pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">or</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_52"></a><a name="_bclPageBorder52"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:113.95pt;margin-right:5.9pt;margin-top:3.7pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">limit the right of the Fund (to the extent
permitted by applicable law) to contractually agree with any Holder or
Designated Owner of RVMTP Shares of any Series that any action or inaction by
the Fund shall require the consent or approval of such Holder or Designated
Owner.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:114.0pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.3pt;line-height:115%;">(e)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.3pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">No
Preemptive Rights or Cumulative Voting</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. The Holders of RVMTP Shares shall have no preemptive rights
or rights to cumulative voting.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:113.95pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.3pt;line-height:115%;">(f)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.3pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Voting
for Trustees Sole Remedy for Fund&#8217;s Failure to Declare or Pay Dividends</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. In the event that the Fund fails to
declare or pay any dividends on any Series of RVMTP Shares on the Dividend
Payment Date therefor, the exclusive remedy of the Holders of the RVMTP Shares
shall be the right to vote for trustees pursuant to&#160; the&#160; provisions&#160; of&#160; this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#160;Section
2.7</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. Nothing in this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.7(f)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> shall be deemed to affect the
obligation of the Fund to accumulate and, if permitted by applicable law, the
Declaration and this Statement, pay dividends at the Increased Rate in the
circumstances contemplated by </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.2(g)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.2pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">hereof.</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:6.5pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:113.95pt;margin-right:5.95pt;margin-top:4.5pt;text-align:justify;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.3pt;line-height:115%;">(g)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.3pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Holders
Entitled to Vote</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">.
For purposes of determining any rights of the Holders of RVMTP Shares to vote
on any matter, whether such right is created by this Statement, by the
Declaration, by statute or otherwise, no Holder of RVMTP Shares shall be
entitled to vote any RVMTP Share and no RVMTP Share shall be deemed to be
&#8220;Outstanding&#8221; for the purpose of voting or determining the number of shares
required to constitute a quorum if, prior to or concurrently with the time of
determination</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.9pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">of shares entitled to
vote or the time of the actual vote on the matter, as the case may be, the
requisite Notice of Redemption with respect to such RVMTP Share shall have been
given in accordance with this Statement and Deposit Securities for the payment
of the Redemption Price of such RVMTP Share shall have been deposited in trust
with the Tender and Paying Agent for that purpose. No RVMTP Share held (legally
or beneficially) or controlled by the Fund shall have any voting rights or be
deemed to be outstanding for voting or for calculating the voting percentage
required on any other matter or other</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">purposes.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:6.0pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;">2.8.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Rating <a name="_bookmark12"></a>Agencies</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. The Fund shall use commercially reasonable efforts to cause
a Rating Agency to issue a long-term credit rating with respect to each Series
of RVMTP Shares for so long as such Series is Outstanding. The Fund shall use
commercially reasonable efforts to comply with any applicable Rating Agency
Guidelines. If a Rating Agency shall cease to rate the securities of tax-exempt
closed-end management investment companies generally, the Board</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.4pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">of</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.4pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Trustees</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">shall</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.4pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">terminate</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">designation</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.35pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">of</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.4pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">such</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.4pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Rating</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.4pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Agency</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.4pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">as</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.35pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">a</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.4pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Rating</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.4pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Agency</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_53"></a><a name="_bclPageBorder53"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:3.7pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">hereunder. The Board of Trustees may elect to
terminate the designation of any Rating Agency as a Rating Agency hereunder
with respect to a Series of RVMTP Shares so long as either (i) immediately
following such termination, there would be at least one Rating Agency with
respect to such Series or (ii) it replaces the terminated Rating Agency with
another NRSRO (which shall be any one of (a) Fitch, Moody&#8217;s or S&amp;P or (b)
another NRSRO subject to prior written consent of the Purchaser, if any, as to
such other NRSRO) and provides notice thereof to the Holders of such Series; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">provided</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">
that such replacement shall not occur unless such replacement Other Rating
Agency shall have at the time of such replacement (x) published a rating for
the RVMTP Shares of such Series and (y) entered into an agreement with the Fund
to continue to publish such rating subject to the Rating Agency&#8217;s customary
conditions. The Board of Trustees may also elect to designate one or more other
NRSROs as Other Rating Agencies hereunder with respect to a Series of RVMTP
Shares by notice to the Holders of the RVMTP Shares. The&#160; Rating Agency
Guidelines of any Rating Agency may be amended by such Rating Agency without
the vote, consent or approval of the Fund, the Board of Trustees or any Holder of
Preferred Shares, including any RVMTP Shares, or Common</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.4pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Shares.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:5.95pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;">2.9.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Issuance of
Additional Preferred <a name="_bookmark13"></a>Shares</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. So long as any RVMTP Shares are
Outstanding, the Fund may, without the vote or consent of the Holders thereof,
authorize, establish and create and issue and sell shares of one or more series
of a class of senior securities of the Fund representing stock under Section 18
of the 1940 Act as of the date hereof or, in the event such definition shall be
amended, with such changes to the definition thereof as a result of any
amendment after the date hereof (provided that, with respect to any changes to
the definition thereof related to the implementation of Rule 18f-4 of the 1940
Act, such definitional changes will be deemed to be effective for the purposes
of this Agreement at such time as the Fund elects, or is otherwise required, to
begin compliance with Rule 18f-4) (including, without limitation, Preferred
Shares) ranking on a parity with RVMTP Shares as to the payment of dividends
and the distribution of assets upon dissolution, liquidation or the winding up
of the affairs of the Fund, in addition to then Outstanding Series of RVMTP
Shares, including additional Series of RVMTP Shares, and authorize, issue and
sell additional shares of any such series of a class of senior securities
(including Preferred Shares) then outstanding or so established and created
including additional Series of RVMTP Shares, in each case in accordance with
applicable law,</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> provided</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> that the Fund shall, immediately after giving
effect to the issuance of such senior securities representing stock and to its
receipt and application of the proceeds thereof, including to the redemption of
senior securities representing stock with such proceeds, have 1940 Act Asset
Coverage of at least the Minimum Asset Coverage Level (calculated in the same
manner as is contemplated by </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.4(b)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">) and the required Effective
Leverage Ratio provided for in</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> Section 2.4(c)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> (calculated in the same
manner as is contemplated by </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.75pt;line-height:115%;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">2.4(d)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">).</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:6.5pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:4.5pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;">2.10.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Status of Redeemed
or Repurchased RVMTP <a name="_bookmark14"></a>Shares</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. RVMTP Shares that at any time have
been redeemed, exchanged or purchased by the Fund shall, after such redemption
or purchase, have the status of authorized but unissued Preferred</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.6pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Shares.</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_54"></a><a name="_bclPageBorder54"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:3.7pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;">2.11.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Distributions
with respect to Taxable <a name="_bookmark15"></a>Allocations</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. Whenever a Taxable Allocation is to
be made by the Fund with respect to the RVMTP Shares of a Series with respect
to any Dividend Period and neither the Increased Rate nor the Maximum Rate is
in effect during such Dividend Period, clause (a), clause (b) or clause (c) of
this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.11</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, as applicable, shall govern:</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:114.0pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(a)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Whenever
the Fund intends or expects to include a Taxable Allocation in any dividend on
a Series of RVMTP Shares, the Fund shall, subject to </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.11(b)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">,
(i) in addition to and in conjunction with the payment of such dividend, pay
out of funds legally available therefor in accordance with applicable law, the
Additional Amount Payment, payable in respect of the Taxable Allocation that
was included as part of such dividend and (ii) during any Allocation
Notification Period (defined below), notify the Tender and Paying Agent of the
fact that a Taxable Allocation will be so included not later than thirty (30)
calendar days preceding the earliest date on which a dividend is declared with
respect to which the Taxable Allocation will relate (as provided in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section
2.11(d)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">). Whenever such advance notice (a &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Notice of Taxable Allocation</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;)
is received from the Fund, the Tender and Paying Agent will, in turn, provide
notice thereof to each Holder and to each Designated Owner or its Agent Member
in either case that has been identified in writing to the Tender and Paying
Agent. For purposes of the foregoing, an &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Allocation Notification Period</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;
shall begin with respect to a Series of RVMTP Shares when the Fund receives a
written notice from JPMorgan Chase Bank, N.A., as the Purchaser of such Series
of RVMTP Shares, that the Purchaser has transferred such Series of RVMTP Shares
to a tender option bond trust (or similar vehicle or arrangement) and shall end
when the&#160; Fund receives a written notice from the Purchaser that such tender
option bond trust (or similar vehicle or arrangement) has</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">terminated.</font></p>

<p style="margin:0in;margin-top:.45pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:114.0pt;margin-right:5.95pt;margin-top:.05pt;text-align:justify;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(b)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">If the
Fund determines that a Taxable Allocation must be included in a dividend on a
Series of RVMTP Shares but it is not practicable to pay any required Additional
Amount Payments concurrently with such dividend pursuant to </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.11(a)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">,
then the Fund shall pay such Additional Amount Payment as soon as reasonably
practicable and without reference to any regular Dividend Payment Date.
Similarly, during any Allocation Notification Period, if the Fund determines
that a Taxable Allocation must be included in a dividend on a Series of RVMTP
Shares but it is not practicable to comply with the requirements for prior
notice in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.11(a)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, then the Fund shall provide notice thereof to
the Tender</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.5pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">and</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.5pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Paying</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.5pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Agent</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.5pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">as</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">soon</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.5pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">as</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.5pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">practicable,</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.5pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">but</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.5pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">in</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">any</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.5pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">event</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.55pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">prior</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.5pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">to</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_55"></a><a name="_bclPageBorder55"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:113.95pt;margin-right:5.9pt;margin-top:3.7pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the end of the calendar year in which such
dividend is paid. Whenever such notice is received from the Fund, the Tender
and Paying Agent will, in turn, provide notice thereof to each Holder and each
Designated Owner or its Agent Member that has been identified in writing to the
Tender and Paying Agent. For the avoidance of doubt, this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.11(b)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">
is not intended to excuse the Fund&#8217;s obligations under </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.11(a)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">,
but rather to provide a mechanism for paying applicable Additional Amount
Payments and providing notice thereof under circumstances in which the Fund may
not become aware of the need to report a dividend as other than as wholly an
exempt-interest dividend until it is not practicable to comply fully with </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section
2.11(a)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. Moreover, the Fund shall not be considered to have failed to
comply with the notice provisions of </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.11(a)(ii)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> to the extent
that (i) the Fund&#8217;s determination of whether a Taxable Allocation will be
required cannot be made prior to the date on which notice would otherwise be
required, (ii) such Taxable Allocation cannot be made with respect to a later
dividend because the current dividend is the last with respect to the Fund&#8217;s
taxable year, and (iii) the Fund timely complies with its obligations for notice
under this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.11(b)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> with respect to such events and Taxable</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Allocation.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:114.0pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(c)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">If in
connection with a redemption of a Series of RVMTP Shares, the Fund makes a
Taxable Allocation without having either given advance notice thereof pursuant
to </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.11(a)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> or made one or more supplemental distributions
pursuant to </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.11(b)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, the Fund shall direct the Tender and Paying
Agent to send an Additional Amount Payment in respect of such Taxable
Allocation to each Designated Owner of such shares at such Person&#8217;s address as
the same appears or last appeared on the record books of the Fund. For such
purpose, the Fund and the Tender and Paying Agent may rely on the address most
recently provided by the Designated Owner in accordance with the Purchase Agreement
(including any transferee certificate delivered in accordance therewith).</font></p>

<p style="margin:0in;margin-top:.45pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:113.95pt;margin-right:5.9pt;margin-top:.05pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">If the Fund determines that a Taxable Allocation will be made with
respect to a dividend to be paid with respect to a Series of RVMTP Shares on a
date specified in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.2(f)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> and notice of such Taxable Allocation
is required pursuant to </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.11(a)(ii)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> or </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.11(b)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">,
to the extent possible the Fund will cause such Taxable Allocation to relate to
the last day on which dividends are declared that will be paid on such
specified date (and, if the amount of the dividend declared on such last day is
less than the Taxable Allocation, the immediately preceding day, with such</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_56"></a><a name="_bclPageBorder56"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:113.95pt;margin-right:5.9pt;margin-top:3.7pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">process continuing to each preceding day in the
applicable Dividend Period until the full amount of the Taxable Allocation is
exhausted) so that, to the extent possible, the dividends declared on the
earlier dates will be reported entirely as exempt-interest dividends and only
the dividends declared with respect to such last day or preceding days will
include a Taxable</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Allocation.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:113.95pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(d)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Except
as required by the Purchase Agreement, for so long as the applicable provisions
of the Purchase Agreement shall be in effect, the Fund shall not be required to
make an Additional Amount Payment with respect to a Series of RVMTP Shares with
respect to any net capital gain or ordinary income determined by the Internal
Revenue Service to be allocable in a manner different from the manner used by
the Fund. The Fund will promptly give notice to the Tender and Paying Agent of
any such determination, with instructions to forward such notice to each Holder
of affected Series of RVMTP Shares during the affected periods at such Holder&#8217;s
address as the same appears or last appeared on the record books of the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Fund.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin-bottom:0in;margin-left:6.0pt;margin-right:5.9pt;margin-top:0in;text-align:left;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;">2.12.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Term
Redemption Liquidity Account and Liquidity Requirement for Term Redemption or
Early Term <a name="_bookmark16"></a>Redemption</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">.</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:6.5pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:113.95pt;margin-right:5.9pt;margin-top:4.5pt;text-align:justify;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(a)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">On or
prior to the then current Liquidity Account Initial Date with respect to any
Series of RVMTP Shares, the Fund shall segregate, or shall cause the Custodian
to segregate, by means of appropriate identification on its books and records
or otherwise in accordance with the Fund&#8217;s normal procedures, from the other
assets of the Fund (the &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Term Redemption Liquidity Account</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;) Liquidity
Account Investments with a Market Value equal to at least one hundred ten
percent (110%) of the Term Redemption Amount with respect to such Series. The &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Term
Redemption Amount</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; for any Series of RVMTP Shares shall be equal to the
Redemption Price to be paid on the Term Redemption Date (or, if applicable, the
Early Term Redemption Price to be paid on the Early Term Redemption Date) for
such Series, based on the number of shares of such Series then Outstanding,
assuming for this purpose that the Dividend Rate for such Series in effect at
the time of the creation of the Term Redemption Liquidity Account for such
Series will be the Dividend Rate in effect for such Series until the Term
Redemption Date (or, if applicable, the Early Term Redemption Date) for such
Series. Notwithstanding the foregoing, if all RVMTP Shares in such Series have
been affirmatively retained</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.15pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">pursuant</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.15pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">to</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.15pt;line-height:115%;"> </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:115%;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">2.5(a)(iv)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.15pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">and/or</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.2pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">remarketed</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.2pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">pursuant</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.15pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">to</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_57"></a><a name="_bclPageBorder57"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:113.95pt;margin-right:5.9pt;margin-top:3.7pt;text-align:justify;"><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.5(b)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> before the Early Term
Redemption Date, the requirement of the Fund to maintain the Term Redemption
Amount as contemplated by this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.12(a)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> shall lapse and be of no
further force and effect with respect to such Early Term Redemption Date. If,
on any date after the&#160; then current Liquidity Account Initial Date, the
aggregate Market Value of the Liquidity Account Investments included in the
Term Redemption Liquidity Account for a Series of RVMTP Shares as of the close
of business on any Business Day is less than one hundred ten percent (110%) of
the Term Redemption Amount with respect to such Series, then the Fund shall
take all such necessary actions, including segregating additional assets of the
Fund as Liquidity Account Investments, so that the aggregate Market Value of
the Liquidity Account Investments included in the Term Redemption Liquidity
Account for such Series is at least equal to one hundred ten percent (110%) of
the Term Redemption Amount with respect to such Series not later than the close
of business on the next succeeding Business Day. With respect to assets of the
Fund segregated&#160; as Liquidity Account Investments with respect to a Series of
RVMTP Shares, the Adviser, on behalf of the Fund, shall be entitled on any date
to release any Liquidity Account Investments from such segregation and to
substitute therefor other Liquidity Account Investments, so long as (i) the
assets of the Fund segregated as Liquidity Account Investments at the close of
business on such date have a Market Value equal to at least one hundred ten
percent (110%) of the Term Redemption Amount with respect to such Series and
(ii) the assets of the Fund designated and segregated as Deposit Securities at
the close of business on such date have a Market Value equal to at least the
Liquidity Requirement (if any) determined in accordance with </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.12(b)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">
below with respect to such Series for such date. The Fund shall not permit any
lien, security interest or encumbrance to be created or permitted to exist on
or in respect of any Liquidity Account Investments included in the Term
Redemption Liquidity Account for any Series of RVMTP Shares, other than liens,
security interests or encumbrances arising by operation of law and any lien of
the Custodian with respect to the payment of its fees or repayment for its</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">advances.</font></p>

<p style="margin:0in;margin-top:.45pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:113.95pt;margin-right:5.9pt;margin-top:.05pt;text-align:justify;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(b)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">The Market
Value of the Deposit Securities held in the Term Redemption Liquidity Account
for a Series of RVMTP Shares, from and after the 15th day of the calendar month
(or if such day is not a Business Day, the next succeeding Business Day) that
is the number of months preceding the calendar month in which the Term
Redemption Date (or, if applicable,</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.5pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Early</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.5pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Term</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.5pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Redemption</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.55pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Date)</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">for</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">such</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Series</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.45pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">occurs,</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.45pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">in</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_58"></a><a name="_bclPageBorder58"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:114.0pt;margin-right:5.9pt;margin-top:3.7pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">each such case as specified in the table set
forth below, shall not be less than the percentage of the Term Redemption
Amount for such Series set forth below opposite such number of months (the &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Liquidity</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Requirement</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;), but in all cases subject to the provisions of </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section
2.12(c)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> below:</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border:none;border-collapse:collapse;margin-left:108.55pt;width:355.500000pt;">
 <tr style="height:69.45pt;">
  <td valign=top width=50% style="border:solid black 1.0pt;height:69.45pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:7.35pt;margin-right:6.95pt;margin-top:0in;text-align:center;text-indent:.2pt;"><font face="Times New Roman" style="font-size:12.0pt;line-height:115%;">Number of Months
  Preceding Month of Term Redemption Date (or, Early Term Redemption</font><font face="Times New Roman" style="font-size:12.0pt;letter-spacing:-1.2pt;line-height:115%;"> </font><font face="Times New Roman" style="font-size:12.0pt;line-height:115%;">Date, as</font><font face="Times New Roman" style="font-size:12.0pt;letter-spacing:-.1pt;line-height:115%;"> </font><font face="Times New Roman" style="font-size:12.0pt;line-height:115%;">applicable):</font></p>
  </td>
 <td valign=top width=50% style="border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;border-top:solid black 1.0pt;height:69.45pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:8.75pt;margin-right:8.2pt;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:12.0pt;line-height:115%;">Market Value of Deposit Securities
  as Percentage of Term Redemption Amount</font></p>
  </td>
 </tr>
<tr style="height:21.85pt;">
  <td valign=top width=50% style="border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;height:21.85pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-left:86.95pt;text-align:left;"><font face="Times New Roman" style="font-size:12.0pt;">5</font></p>
  </td>
 <td valign=top width=50% style="border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;height:21.85pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:8.7pt;margin-right:8.2pt;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:12.0pt;">20%</font></p>
  </td>
 </tr>
<tr style="height:21.85pt;">
  <td valign=top width=50% style="border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;height:21.85pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-left:86.95pt;text-align:left;"><font face="Times New Roman" style="font-size:12.0pt;">4</font></p>
  </td>
 <td valign=top width=50% style="border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;height:21.85pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:8.7pt;margin-right:8.2pt;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:12.0pt;">40%</font></p>
  </td>
 </tr>
<tr style="height:21.85pt;">
  <td valign=top width=50% style="border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;height:21.85pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-left:86.95pt;text-align:left;"><font face="Times New Roman" style="font-size:12.0pt;">3</font></p>
  </td>
 <td valign=top width=50% style="border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;height:21.85pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:8.7pt;margin-right:8.2pt;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:12.0pt;">60%</font></p>
  </td>
 </tr>
<tr style="height:21.85pt;">
  <td valign=top width=50% style="border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;height:21.85pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-left:86.95pt;text-align:left;"><font face="Times New Roman" style="font-size:12.0pt;">2</font></p>
  </td>
 <td valign=top width=50% style="border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;height:21.85pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:8.7pt;margin-right:8.2pt;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:12.0pt;">80%</font></p>
  </td>
 </tr>
<tr style="height:21.85pt;">
  <td valign=top width=50% style="border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;height:21.85pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-left:86.95pt;text-align:left;"><font face="Times New Roman" style="font-size:12.0pt;">1</font></p>
  </td>
 <td valign=top width=50% style="border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;height:21.85pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:8.7pt;margin-right:8.2pt;margin-top:0in;text-align:center;"><font face="Times New Roman" style="font-size:12.0pt;">100%</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:13.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-top:.25pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:113.95pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(c)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">If the
aggregate Market Value of the Deposit Securities included in the Term Redemption
Liquidity Account for a Series of RVMTP Shares as of the close of business on
any Business Day is less than the Liquidity Requirement in respect of such
Series for such Business Day, then the Fund shall cause the segregation of
additional or substitute Deposit Securities in respect of the Term Redemption
Liquidity Account for such Series, so that the aggregate Market Value of the
Deposit Securities included in the Term Redemption Liquidity Account for such
Series is at least equal to the Liquidity Requirement for such Series not later
than the close of business on the next succeeding Business</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.5pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Day.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:113.95pt;margin-right:5.95pt;margin-top:0in;text-align:justify;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(d)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">The
Deposit Securities included in the Term Redemption Liquidity Account for a
Series of RVMTP Shares may be applied by the Fund, in its discretion, towards
payment of the Term Redemption Price (or, the Early Term Redemption Price, as
applicable) for such Series as contemplated by</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> Section 2.6(e)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. Upon the
deposit by the Fund with the Tender and Paying Agent of Deposit Securities
having an initial combined Market Value sufficient to effect the redemption of
the RVMTP Shares of a Series on the Term Redemption Date (or, the Early Term
Redemption Date, as applicable) for such Series in accordance with </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section
2.6(e)(ii)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, the requirement of the Fund to maintain the Term Redemption
Liquidity Account</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.0pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">as</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.05pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">contemplated</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.15pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">by</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.05pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">this</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.05pt;line-height:115%;"> </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;line-height:115%;"> </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">2.12</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.05pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">shall</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.05pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">lapse</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.1pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">and</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.05pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">be</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.05pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">of</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:2.05pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">no</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_59"></a><a name="_bclPageBorder59"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:113.95pt;margin-right:5.9pt;margin-top:3.7pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">further force and effect. Upon any extension of
the Term Redemption&#160; Date (or, the Early Term Redemption Date, as applicable) for
a Series of RVMTP Shares pursuant to </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.6(a)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, the then-current
Liquidity Account Initial Date for such Series shall be extended as provided in
the Appendix relating to such Series, and the requirement of the Fund to
maintain the Term Redemption Liquidity Account with respect to such Series in
connection with such Liquidity Account Initial Date shall lapse and shall
thereafter apply in respect of the Liquidity Account Initial Date for such
Series as so</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">extended.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:6.0pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;">2.13.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Global <a name="_bookmark17"></a>Certificate</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. All RVMTP Shares of any Series Outstanding from time to
time shall be represented by one or more global certificates for such Series
registered in the name of the Securities Depository or its nominee and no
registration of transfer of shares of such Series of RVMTP Shares shall be made
on the books of the Fund to any Person other than the Securities Depository or
its nominee or transferee. The foregoing restriction on registration&#160; of
transfer shall be conspicuously noted on the face or back of the global
certificates. Such&#160; global certificates will be deposited with, or on behalf
of, The Depository Trust Company and registered in the name of Cede &amp; Co.,
its nominee. Beneficial interests in the global certificates will be held only
through The Depository Trust Company and any of its</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.8pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">participants.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:5.95pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><a name="_bookmark18"></a><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;">2.14.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Notice</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. All notices or communications
hereunder, unless otherwise specified in this Statement, shall be sufficiently
given if in writing and delivered in person, by telecopier, by Electronic Means
or by overnight delivery. Notices delivered pursuant to this</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> Section 2.14</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">
shall be deemed given on the date</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.25pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">received.</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:6.5pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:4.5pt;text-align:justify;text-indent:1.0in;"><a name="_bookmark19"></a><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;">2.15.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Termination</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. In the event that no RVMTP Shares
of a Series are Outstanding subject to this Statement, all rights and
preferences of the RVMTP Shares of such Series established and designated
hereunder shall cease and terminate, and all obligations of the Fund under this
Statement with respect to such Series shall</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.65pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">terminate.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:5.95pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><a name="_bookmark20"></a><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;">2.16.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Appendices</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. The designation of each Series of
RVMTP Shares subject to this Statement shall be set forth in an Appendix to
this Statement. The Board of Trustees may,&#160; by resolution duly adopted, without
shareholder approval (except as otherwise provided by this Statement or
required by applicable law) (1) amend the Appendix to this Statement relating
to a Series so as to reflect any amendments to the terms applicable to such
Series including an increase in the number of authorized shares of such Series
and (2) add additional Series of RVMTP Shares by including a new Appendix to
this Statement relating to such</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.1pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Series.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:6.0pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;">2.17.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Actions on
Other than Business <a name="_bookmark21"></a>Days</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">.&#160; Unless otherwise provided herein,
if the date for making any payment, performing any act or exercising any right,
in each case as provided for in this Statement, is not a Business Day, such payment
shall be made, act performed or</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.6pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">right</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.6pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">exercised</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.7pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">on</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.6pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.65pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">next</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.6pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">succeeding</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.65pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Business</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.7pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Day,</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.6pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">with</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.6pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.65pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">same</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.6pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">force</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.65pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">and</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.65pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">effect</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.65pt;line-height:115%;">
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">as</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.6pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">if</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_60"></a><a name="_bclPageBorder60"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:3.7pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">made or done on the nominal date provided
therefor, and, with respect to any payment so made, no dividends, interest or
other amount shall accrue for the period between such nominal date and the date
of payment.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:5.95pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><a name="_bookmark22"></a><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;">2.18.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Modification</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. To the extent permitted by </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section
2.7(c)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> and subject to any applicable restrictions contained in any
applicable Purchase Agreement, the Board of Trustees, without the vote of the
Holders of RVMTP Shares or any other outstanding shares issued by the Fund, may
interpret, supplement or amend the provisions of this Statement or any Appendix
hereto to supply any omission, resolve any inconsistency or ambiguity or to
cure, correct or supplement any defective or inconsistent provision, including
any provision that becomes defective after the date hereof because of
impossibility of performance or any provision that is inconsistent with any
provision of any other Preferred Shares of the Fund and, in addition to the
amendments permitted by </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Sections 2.6(h)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> and </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">2.7(c)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> hereof, may
amend this Statement with respect to any Series of RVMTP Shares prior to the
issuance of RVMTP Shares of such</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-2.0pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Series.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin-bottom:.0001pt;margin-left:114.0pt;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.5in;"><a name="_bookmark23"></a><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;">2.19.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Transfers</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">.</font></p>

<p style="margin:0in;margin-top:.35pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:114.0pt;margin-right:5.9pt;margin-top:4.5pt;text-align:justify;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;">(a)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">A
Designated Owner or Holder of any RVMTP Shares of any Series may sell, transfer
or otherwise dispose of RVMTP Shares only in whole shares and only to Persons
that are</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.3pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">both:</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:41.95pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(1)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">(i) &#8220;qualified
institutional buyers&#8221; (as defined in Rule 144A under the Securities Act or any
successor provision) in accordance with Rule 144A under the Securities Act or
any successor provision that are registered closed-end management investment
companies, the common shares of which are traded on a national securities exchange
(&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Closed-End Funds</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;), banks or entities that are 100% direct or indirect
subsidiaries of banks&#8217; publicly traded holding companies (collectively, &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Banks</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;),
insurance companies, companies that are included in the S&amp;P 500 Index (and
their direct or indirect wholly-owned subsidiaries), separately managed
accounts managed by registered investment advisers or registered open-end
management investment companies, (ii) tender option bond trusts (or similar
vehicles or arrangements) in which all investors are Persons that the Holders
of RVMTP Shares reasonably believes are &#8220;qualified institutional buyers&#8221; (as
defined in Rule 144A under the Securities Act or any successor provision) that
are Closed-End Funds, Banks, insurance companies, companies that are included in
the S&amp;P 500 Index (and their direct or indirect wholly-owned subsidiaries),
separately managed accounts managed by registered investment advisers or
registered open-end management investment companies, in each case with respect
to clauses (i) and (ii), in accordance with Rule 144A under the Securities Act
or pursuant to another available exemption from registration under the
Securities Act, in a manner not involving a public offering within the meaning
of Section 4(a)(2) of the Securities Act,</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.35pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">or</font></p>

<p style="margin-bottom:.0001pt;margin-left:62.95pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-21.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:13.8pt;">(iii)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:13.8pt;">&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:13.8pt;">other investors with the prior written consent of the
Fund;</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.4pt;line-height:13.8pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:13.8pt;">and</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_61"></a><a name="_bclPageBorder61"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin-bottom:.0001pt;margin-left:42.0pt;margin-right:5.9pt;margin-top:3.7pt;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.5pt;line-height:115%;">(2)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.5pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Persons that are
either (i) not a MFS Person or (ii) a MFS Person,</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> provided</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> that (x) such
MFS Person would, after such sale and transfer, own not more than 20% of the
Outstanding Series of RVMTP Shares, or (y) the prior written consent of the
Fund and at least a majority of the RVMTP Shares of the relevant Series has
been obtained.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:113.95pt;margin-right:5.9pt;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Any transfer in violation of the foregoing restrictions shall be void </font><i><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">ab
initio</font></i><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. The restrictions on transfer contained in this </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.19(a)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">
shall not apply to any RVMTP Shares that are being registered and sold pursuant
to an effective registration statement under the Securities Act or to any
subsequent transfer of such RVMTP Shares.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:113.95pt;margin-right:5.95pt;margin-top:0in;text-align:justify;text-indent:-1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;">(b)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">If at
any time the Fund is not furnishing information pursuant to Section 13 or 15(d)
of the Exchange Act, in order to preserve the exemption for resales and
transfers under Rule 144A, the Fund shall furnish, or cause to be furnished, to
holders of RVMTP Shares and prospective purchasers of RVMTP Shares, upon
request, information with respect to the Fund satisfying the requirements of
subsection (d)(4) of Rule</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">144A.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:6.0pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;">2.20.</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-.05pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">No Additional <a name="_bookmark24"></a>Rights</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. Unless otherwise required by law or the Declaration, the
Holders of RVMTP Shares shall not have any relative rights or preferences or
other special rights with respect to such RVMTP Shares other than those
specifically set forth in this Statement; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">provided</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">however</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, that
nothing in this Statement shall be deemed to preclude or limit the right of the
Fund (to the extent permitted by applicable law) to contractually agree with
any Holder or Designated Owner of RVMTP Shares of any Series with regard to any
special rights of such Holder or Designated Owner with respect to its
investment in the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.05pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Fund.</font></p>

<p style="margin:0in;margin-top:.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:77.95pt;margin-right:5.9pt;margin-top:0in;text-align:justify;"><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Treatment of RVMTP Shares as <a name="_bookmark25"></a>Equity</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. The
Fund shall and each Holder and Designated Owner, by virtue of acquiring RVMTP
Shares, is deemed to have agreed for U.S. federal income tax purposes to treat
the RVMTP Shares as equity of the Fund and to not take any contrary position in
any tax return or tax proceeding.</font></p>

<p style="margin:0in;margin-top:.45pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:5.0pt;margin-right:5.0pt;margin-top:.05pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">[Signature
Page Begins on the Following Page]</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-top:.35pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:5.0pt;margin-right:5.0pt;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">59</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_62"></a><a name="_bclPageBorder62"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:6.35pt;margin-top:3.95pt;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">IN WITNESS WHEREOF, MFS
Investment Grade Municipal Trust has caused this Statement to be signed on July
20, 2021 in its name and on its behalf by a duly authorized officer. The
Declaration is on file with the Secretary of The Commonwealth of Massachusetts,
and the said officer of the Fund has executed this Statement as an officer and
not individually, and the obligations and rights of the Fund set forth in this
Statement are not binding upon any such officer, or the trustees of the Fund or
shareholders of the Fund, individually, but are binding only upon the assets
and property of the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.2pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Fund.</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-top:.2pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:222.0pt;margin-right:3.3pt;margin-top:4.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">MFS INVESTMENT
GRADE MUNICIPAL TRUST</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:13.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-top:.15pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-left:222.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">By:&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.65pt;">&#160;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#160;/s/ James O. Yost&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></u></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:222.0pt;margin-right:225.0pt;margin-top:2.05pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Name: James O.
Yost</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:222.0pt;margin-right:225.0pt;margin-top:2.05pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Title:
Treasurer</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

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<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>


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<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-top:.35pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.5pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:5.05pt;margin-right:5.0pt;margin-top:4.7pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">[Signature Page to Statement of RVMTP Shares]</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_64"></a><a name="_bclPageBorder64"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:0in;margin-right:5.9pt;margin-top:3.0pt;text-align:right;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">APPENDIX A</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-top:.3pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:4.95pt;margin-right:5.0pt;margin-top:4.5pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">MFS
INVESTMENT GRADE MUNICIPAL TRUST</font></p>

<p style="margin:0in;margin-top:.35pt;"><font face="Times New Roman" lang=EN-US style="font-size:14.5pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:5.05pt;margin-right:5.0pt;margin-top:.05pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">REMARKETABLE VARIABLE RATE MUNIFUND TERM PREFERRED SHARES,
SERIES 2051</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:4.95pt;margin-right:5.0pt;margin-top:3.0pt;text-align:center;"><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Preliminary
Statement and Incorporation By Reference</font></u></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:2.05pt;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">This Appendix establishes a Series of Remarketable
Variable Rate MuniFund Term Preferred Shares of MFS Investment Grade Municipal
Trust. Except as set forth below, this Appendix incorporates by reference the
terms set forth with respect to all Series of such Remarketable Variable Rate
MuniFund Term Preferred Shares in that &#8220;Statement Establishing and Fixing the
Rights and Preferences of Remarketable Variable Rate MuniFund Term Preferred
Shares&#8221; effective as of July 20, 2021 (the &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">RVMTP Statement</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;). This
Appendix has been adopted by resolution of the Board of Trustees of MFS
Investment Grade Municipal Trust and is effective as of July 20, 2021.
Capitalized terms used herein but not defined herein have the respective
meanings therefor set forth in the RVMTP Statement.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:42.0pt;margin-right:0in;margin-top:10.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Section</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160; Designation as to</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Series.</font></p>

<p style="margin:0in;margin-top:.55pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Remarketable Variable Rate MuniFund Term Preferred
Shares, Series 2051: A series of 488 Preferred Shares classified as
Remarketable Variable Rate MuniFund Term Preferred Shares is hereby designated
as the &#8220;Remarketable Variable Rate MuniFund Term Preferred Shares, Series 2051&#8221;
(the &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Series 2051 RVMTP Shares</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221;). Each share of such Series shall have
such preferences, voting powers, restrictions, limitations as to dividends and
other distributions, qualifications and terms and conditions of redemption, in
addition to those required by applicable law and those that are expressly set forth
in the Declaration, the By-Laws and the RVMTP Statement (except as the RVMTP
Statement may be expressly modified by this Appendix), as are set forth in this
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Appendix A</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">. The Series 2051 RVMTP Shares shall constitute a separate
series of Preferred Shares and of the Remarketable Variable Rate MuniFund Term
Preferred Shares and each Series 2051 RVMTP Share shall be identical. The
following terms and conditions shall apply solely to the Series 2051 RVMTP</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.35pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Shares:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:42.0pt;margin-right:173.25pt;margin-top:10.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:186%;">Section</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;line-height:186%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:186%;">2.&#160;&#160;&#160;&#160;&#160;&#160;&#160; Number of Authorized Shares of
Series. The number of authorized shares is</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.3pt;line-height:186%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:186%;">488.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:42.0pt;margin-right:150.65pt;margin-top:.15pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:186%;">Section</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;line-height:186%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:186%;">3.&#160;&#160;&#160;&#160;&#160;&#160;&#160; Date of Original Issue with
respect to Series. The Date of Original Issue is July 20,</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.3pt;line-height:186%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:186%;">2021.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:42.0pt;margin-right:152.35pt;margin-top:.1pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:186%;">Section</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;line-height:186%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:186%;">4.&#160;&#160;&#160;&#160;&#160;&#160;&#160; Liquidation Preference
Applicable to Series. The Liquidation Preference is $100,000 per</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.35pt;line-height:186%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:186%;">share.</font></p>









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<p style="margin:0in;margin-top:.45pt;"><font face="Times New Roman" lang=EN-US style="font-size:16.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-left:5.95pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Series.</font></p>

<font face="times new roman" lang=EN-US style="font-size:12.0pt;"><br clear=all>


</font><p style="margin:0in;margin-bottom:.0001pt;margin-left:1.65pt;margin-right:0in;margin-top:3.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Section</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">5.&#160;&#160;&#160;&#160;&#160;&#160;&#160; Term</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.2pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Redemption</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.25pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Date</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.2pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">and</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.2pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Early</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.2pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Term</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.15pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Redemption</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.3pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Date</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.2pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Applicable</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.2pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">to</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:13.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-top:.3pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-left:1.65pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">The </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.9pt;">&#160;</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Term </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.0pt;">&#160;</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Redemption </font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.0pt;">&#160;</font></u><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Date</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.95pt;">&#160;</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">is </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.95pt;">&#160;</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">July </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.9pt;">&#160;</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">20, </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.95pt;">&#160;</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">2051,
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.95pt;">&#160;</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">subject </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.95pt;">&#160;</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">to </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.9pt;">&#160;</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">extension </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:1.0pt;">&#160;</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">pursuant </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.95pt;">&#160;</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">to</font></p>








<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:0in;margin-top:2.1pt;"><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Section 2.6(a)(ii)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> of the
RVMTP Statement.</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">An &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Early Term Redemption Date</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means (i) every
forty-two (42) month anniversary of the Date of Original Issue except for the
Term Redemption Date (for the avoidance of doubt, such date to occur once every
forty-two (42) months) and (ii) each Mandatory Tender Date as described in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section
2.5(a)(iii)(C)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">; provided that an Early Term Redemption Date shall be deemed
not to have occurred with respect to any RVMTP Shares for which an election to
retain is made pursuant to </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 2.5(a)(iv)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> of the RVMTP Statement
relating to such Mandatory Tender</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Event.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:42.0pt;margin-right:0in;margin-top:10.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Section</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">6.&#160;&#160;&#160;&#160;&#160;&#160;&#160; Dividend Payment Dates Applicable to</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.35pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Series.</font></p>

<p style="margin:0in;margin-top:.55pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">The Dividend Payment Dates are the first Business Day of
the month next following each Dividend Period, subject to the definition of
&#8220;Dividend Period&#8221; set forth in </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section 9</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> below, as applicable.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:42.0pt;margin-right:0in;margin-top:10.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Section</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">7.&#160;&#160;&#160;&#160;&#160;&#160;&#160; Liquidity Account Initial Date Applicable to</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.25pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Series.</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">The &#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Liquidity Account Initial Date</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; is (i) with
respect to the Term Redemption Date, the date that is six (6) months prior to
the Term Redemption Date or, if applicable, the date that is six (6) months
prior to the then current Term Redemption Date as&#160; extended&#160; pursuant&#160; to&#160; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Section
2.6(a)(ii)</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> of the RVMTP Statement or, if such date is not a Business Day,
the next succeeding Business Day and (ii) with respect to the Early Term
Redemption Date, the date that is six (6) months prior to the Early Term
Redemption Date or, if such date is not a Business Day, the next succeeding
Business</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.2pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Day.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:42.0pt;margin-right:0in;margin-top:10.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Section</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">8.&#160;&#160;&#160;&#160;&#160;&#160;&#160; Exceptions to Certain Definitions Applicable to the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.8pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Series.</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.95pt;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">The following definitions contained under the heading
&#8220;Definitions&#8221; in the RVMTP Statement are hereby amended as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:42.0pt;margin-right:0in;margin-top:10.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Not applicable.</font></p>

<p style="margin:0in;margin-top:.55pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-left:42.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Section</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">9.&#160;&#160;&#160;&#160;&#160;&#160;&#160; Additional Definitions Applicable to the</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.45pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Series.</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">The following terms shall have the following meanings
(with terms defined in the singular having comparable meanings when used in the
plural and vice versa), unless the context otherwise requires:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Applicable Spread</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means, with respect to any
Rate Period for the Series 2051 RVMTP Shares, the percentage per annum equal to
the sum of (i) the percentage per annum set forth</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_66"></a><a name="_bclPageBorder66"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:3.0pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">opposite the applicable credit rating most
recently assigned to such Series by the Rating Agency in the table below on the
Rate Determination Date for such Rate Period plus (ii) the Supplemental Spread
plus (iii) the Spread</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.3pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Adjustment:</font></p>

<h1 style="margin-bottom:.0001pt;margin-left:255.5pt;margin-right:0in;margin-top:10.0pt;"><b><font face="Times New Roman" style="font-size:12.0pt;">Long-Term Ratings*</font></b></h1>

<p style="margin:0in;margin-bottom:2.2pt;margin-left:60.9pt;margin-right:0in;margin-top:4.5pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Moody&#8217;s&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Applicable
Spread**</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;"> </font></b><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">for:</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:14.8pt;width:451.100006pt;">
 <tr style="height:21.85pt;">
  <td colspan=2 valign=top width=33% style="border-top:solid black 1.0pt;height:21.85pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;text-align:left;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=29% style="border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:21.85pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:10.35pt;margin-right:10.4pt;margin-top:6.0pt;text-align:center;"><b><font face="Times New Roman" style="font-size:12.0pt;">Initial Spread Period</font></b></p>
  </td>
 <td valign=top width=2% style="border-top:solid black 1.0pt;height:21.85pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;text-align:left;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=36% style="border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:21.85pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:5.35pt;margin-right:5.4pt;margin-top:6.0pt;text-align:center;"><b><font face="Times New Roman" style="font-size:12.0pt;">Subsequent Spread Period***</font></b></p>
  </td>
 </tr>
<tr style="height:24.05pt;">
  <td valign=top width=31% style="height:24.05pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:13.0pt;margin-right:13.0pt;margin-top:6.0pt;text-align:center;"><font face="Times New Roman" style="font-size:12.0pt;">Aaa to A2</font></p>
  </td>
 <td valign=top width=2% style="height:24.05pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;text-align:left;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=29% style="height:24.05pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:10.35pt;margin-right:10.35pt;margin-top:6.0pt;text-align:center;"><font face="Times New Roman" style="font-size:12.0pt;">0.95%</font></p>
  </td>
 <td valign=top width=2% style="height:24.05pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;text-align:left;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=36% style="height:24.05pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:5.35pt;margin-right:5.35pt;margin-top:6.0pt;text-align:center;"><font face="Times New Roman" style="font-size:12.0pt;">1.00%</font></p>
  </td>
 </tr>
<tr style="height:21.85pt;">
  <td valign=top width=31% style="height:21.85pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:13.0pt;margin-right:13.0pt;margin-top:3.75pt;text-align:center;"><font face="Times New Roman" style="font-size:12.0pt;">A3</font></p>
  </td>
 <td valign=top width=2% style="height:21.85pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;text-align:left;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=29% style="height:21.85pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:10.35pt;margin-right:10.35pt;margin-top:3.75pt;text-align:center;"><font face="Times New Roman" style="font-size:12.0pt;">1.45%</font></p>
  </td>
 <td valign=top width=2% style="height:21.85pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;text-align:left;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=36% style="height:21.85pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:5.35pt;margin-right:5.35pt;margin-top:3.75pt;text-align:center;"><font face="Times New Roman" style="font-size:12.0pt;">1.50%</font></p>
  </td>
 </tr>
<tr style="height:21.85pt;">
  <td valign=top width=31% style="height:21.85pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:13.0pt;margin-right:13.0pt;margin-top:3.75pt;text-align:center;"><font face="Times New Roman" style="font-size:12.0pt;">Baa1</font></p>
  </td>
 <td valign=top width=2% style="height:21.85pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;text-align:left;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=29% style="height:21.85pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:10.35pt;margin-right:10.35pt;margin-top:3.75pt;text-align:center;"><font face="Times New Roman" style="font-size:12.0pt;">1.70%</font></p>
  </td>
 <td valign=top width=2% style="height:21.85pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;text-align:left;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=36% style="height:21.85pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:5.35pt;margin-right:5.35pt;margin-top:3.75pt;text-align:center;"><font face="Times New Roman" style="font-size:12.0pt;">1.75%</font></p>
  </td>
 </tr>
<tr style="height:21.85pt;">
  <td valign=top width=31% style="height:21.85pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:13.0pt;margin-right:13.0pt;margin-top:3.75pt;text-align:center;"><font face="Times New Roman" style="font-size:12.0pt;">Baa2</font></p>
  </td>
 <td valign=top width=2% style="height:21.85pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;text-align:left;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=29% style="height:21.85pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:10.35pt;margin-right:10.35pt;margin-top:3.75pt;text-align:center;"><font face="Times New Roman" style="font-size:12.0pt;">2.45%</font></p>
  </td>
 <td valign=top width=2% style="height:21.85pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;text-align:left;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=36% style="height:21.85pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:5.35pt;margin-right:5.35pt;margin-top:3.75pt;text-align:center;"><font face="Times New Roman" style="font-size:12.0pt;">2.50%</font></p>
  </td>
 </tr>
<tr style="height:21.85pt;">
  <td valign=top width=31% style="height:21.85pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:13.0pt;margin-right:13.0pt;margin-top:3.75pt;text-align:center;"><font face="Times New Roman" style="font-size:12.0pt;">Baa3</font></p>
  </td>
 <td valign=top width=2% style="height:21.85pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;text-align:left;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=29% style="height:21.85pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:10.35pt;margin-right:10.35pt;margin-top:3.75pt;text-align:center;"><font face="Times New Roman" style="font-size:12.0pt;">2.95%</font></p>
  </td>
 <td valign=top width=2% style="height:21.85pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;text-align:left;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=36% style="height:21.85pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:5.35pt;margin-right:5.35pt;margin-top:3.75pt;text-align:center;"><font face="Times New Roman" style="font-size:12.0pt;">3.00%</font></p>
  </td>
 </tr>
<tr style="height:17.55pt;">
  <td valign=top width=31% style="height:17.55pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:13.0pt;margin-right:13.0pt;margin-top:3.75pt;text-align:center;"><font face="Times New Roman" style="font-size:12.0pt;line-height:12.8pt;">Non-investment Grade</font></p>
  </td>
 <td valign=top width=2% style="height:17.55pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;text-align:left;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=29% style="height:17.55pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:10.35pt;margin-right:10.35pt;margin-top:3.75pt;text-align:center;"><font face="Times New Roman" style="font-size:12.0pt;line-height:12.8pt;">3.45%</font></p>
  </td>
 <td valign=top width=2% style="height:17.55pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;text-align:left;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=36% style="height:17.55pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:5.35pt;margin-right:5.35pt;margin-top:3.75pt;text-align:center;"><font face="Times New Roman" style="font-size:12.0pt;line-height:12.8pt;">3.50%</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-top:.1pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:3.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:4.5pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">*And/or the equivalent long-term ratings of any other Rating Agency then
rating the RVMTP Shares utilizing the highest of the ratings of the Rating
Agencies then rating the RVMTP Shares, </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">unless</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> the lowest applicable
credit rating is below A3 (in the case of Moody&#8217;s) or A- (in the case of
S&amp;P) or, in which case, the lowest rating shall be used.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">**Unless an Increased Rate Period is in effect and is continuing, in
which case the Increased Rate shall be the Index Rate for such Increased Rate
Period plus 2.00% plus the Applicable Spread.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">***For the Subsequent Spread Period, the Applicable Spread will be as
specified below, unless all parties agree in writing to maintain the Applicable
Spread for the Initial Spread Period, until the Rate Period Termination Date.</font></p>

<p style="margin:0in;margin-top:.35pt;"><font face="Times New Roman" lang=EN-US style="font-size:13.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Spread Adjustment</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means, (i) for the period
from the Closing Date to and including the Rate Period Termination Date, 0% and
(ii) for the period after the Rate Period Termination Date, 2.00%.</font></p>

<p style="margin:0in;margin-top:.3pt;"><font face="Times New Roman" lang=EN-US style="font-size:4.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:4.5pt;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Initial Spread Period</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means the period from and
including the Date of Original Issue to but excluding the date twenty-four (24)
months after the Date of Original Issue.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Subsequent Spread Period</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means the period from
and including the day subsequent to the Initial Spread Period to but excluding
the Rate Period Termination Date.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Supplemental Spread</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means to the extent MFS
Investment Management is no longer the Adviser (including as a result of any
resignation, removal, termination, or assignment (including by way of a change
of control)) and the prior written consent of the Holders of a majority of the
Series 2051 RVMTP Shares has not been obtained, 1.00%.</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_67"></a><a name="_bclPageBorder67"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.95pt;margin-top:3.0pt;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Rate Period Termination
Date</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means the date that is six (6) months prior to the then current Early
Term Redemption Date.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:42.0pt;margin-right:108.65pt;margin-top:10.0pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:186%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:186%;">Lock-Out Date</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:186%;">&#8221; means the second anniversary of the Closing Date.
&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:186%;">Closing Date</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:186%;">&#8221; means July 20, 2021.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:.1pt;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Dividend Period</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means, with respect to the
Series 2051 RVMTP Shares, in the case of the first Dividend Period, the period
beginning on the Date of Original Issue for such Series and ending on and
including August 31, 2021 and for each subsequent Dividend Period, the period
beginning on and including the first calendar day of the month following the
month in which the previous Dividend Period ended and ending on and including
the last calendar day of such month; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">provided</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">however</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, in
connection with any voluntary exchange by the Holders thereof of Series 2051
RVMTP Shares for any new series of Remarketable Variable Rate MuniFund Term
Preferred Shares or any other securities of the Fund, the Board of Trustees may
declare that a Dividend Period shall begin on and include the first calendar
day of the month in which such exchange will occur and shall end on but not
include the date of such exchange, and in such case, the Dividend Payment Date
for such dividend shall be the date of such exchange and </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">provided</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;"> </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">further</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">
that, in connection with any reorganization or merger involving the Fund, the
Board of Trustees may establish a Dividend Period of less than a month, in
which case the Dividend Payment Date for such dividend shall be the first
Business Day following the end of such Dividend</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Period.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Increased Rate</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means, with respect to any
Increased Rate Period for the Series 2051 RVMTP Shares, the Index Rate for such
Increased Rate Period plus 2.00% plus the Applicable Spread.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:42.0pt;margin-right:0in;margin-top:10.0pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Index Rate</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8221;
means, with respect to any Rate Period for the Series 2051 RVMTP Shares</font></p>

<p style="margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:2.05pt;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.4pt;line-height:115%;">(i)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.4pt;line-height:115%;">&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">the SIFMA Municipal Swap Index made
available by approximately 4:00 p.m., New York City time, as determined on the
Rate Determination Date relating to such Rate Period or (ii) except as
otherwise provided in the definition of &#8220;SIFMA Municipal Swap Index&#8221; if such
index is not made so available on such date, the SIFMA Municipal Swap Index as
determined on the previous Rate Determination Date; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">provided</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">, </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">however</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">,
if the SIFMA Municipal Swap Index is less than zero (0), the SIFMA Municipal
Swap Index will be deemed to be zero (0) for purposes of the determination of
&#8220;Index</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Rate.&#8221;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.95pt;margin-top:10.0pt;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Minimum Asset Coverage Level</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means, with
respect to the Series 2051 RVMTP Shares, 1940 Act Asset Coverage of at least
225%.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.9pt;margin-top:10.0pt;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8220;</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Optional Redemption Premium</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">&#8221; means with respect
to each Series 2051 RVMTP Share to be redeemed an amount equal to:</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_68"></a><a name="_bclPageBorder68"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin-bottom:.0001pt;margin-left:5.95pt;margin-right:5.9pt;margin-top:3.0pt;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.15pt;line-height:115%;">(A)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.15pt;line-height:115%;">&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">if the Optional
Redemption Date for such Series 2051 RVMTP Share occurs prior to the Lock-Out
Date, the product of (i) the Applicable Spread for such RVMTP Share in effect
on such Optional Redemption Date and (ii) the Liquidation Preference of such
RVMTP Share and (iii) a fraction, the numerator of which is the number of
calendar days from and including the date of redemption to and including the Lock-Out
Date and the denominator of which is the actual number of calendar days from
and including July 20, 2021 to and including the Lock-Out Date;</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">or</font></p>

<p style="margin-bottom:.0001pt;margin-left:6.0pt;margin-right:5.95pt;margin-top:10.0pt;text-align:justify;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-1.15pt;line-height:115%;">(B)</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;letter-spacing:-1.15pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">if the Optional Redemption Date for
such Series 2051 RVMTP Share either occurs on or after the Lock-Out Date,</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.05pt;line-height:115%;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">none.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:0in;margin-top:10.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Section 10. </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Amendments to Terms
of RVMTP Shares Applicable to the Series</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">.</font></p>

<p style="margin:0in;margin-top:.35pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.95pt;margin-right:3.3pt;margin-top:4.5pt;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">The
following provisions contained under the heading &#8220;Terms of the RVMTP Shares&#8221; in
the RVMTP Statement are hereby amended as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:42.0pt;margin-right:0in;margin-top:10.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Not applicable.</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:13.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:13.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:5.0pt;margin-right:5.0pt;margin-top:8.05pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">[Signature
page follows.]</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-top:.35pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:5.0pt;margin-right:5.0pt;margin-top:4.5pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">A-5</font></p>









</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_69"></a><a name="_bclPageBorder69"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:6.0pt;margin-right:6.25pt;margin-top:3.95pt;text-align:justify;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">IN WITNESS WHEREOF, MFS
Investment Grade Municipal Trust has caused this Appendix to be signed on July
20, 2021 in its name and on its behalf by a duly authorized officer. The
Declaration is on file with the Secretary of The Commonwealth of Massachusetts,
and the said officer of the Fund has executed this Appendix as an officer and
not individually, and the obligations and rights of the Fund set forth in this
Appendix are not binding upon any such officer, or the trustees of the Fund or
shareholders of the Fund, individually, but are binding only upon the assets
and property of the Fund.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:204.0pt;margin-right:0in;margin-top:10.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">MFS INVESTMENT GRADE MUNICIPAL
TRUST</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:13.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:13.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-top:.4pt;"><font face="Times New Roman" lang=EN-US style="font-size:13.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:222.0pt;margin-right:75.05pt;margin-top:0in;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.2pt;line-height:115%;">By:</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.2pt;line-height:115%;">  /s/ James O. Yost&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</font></u></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:222.0pt;margin-right:75.05pt;margin-top:0in;text-indent:-.25in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:115%;">Name: James O. Yost</font></p>

<p style="margin:0in;margin-left:222.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:13.75pt;">Title:
Treasurer</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-top:.25pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.5pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:4.9pt;margin-right:5.0pt;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">[Signature Page to Appendix A to Statement of RVMTP
Shares]</font></p>




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