<SEC-DOCUMENT>0001398344-25-011179.txt : 20250815
<SEC-HEADER>0001398344-25-011179.hdr.sgml : 20250815
<ACCEPTANCE-DATETIME>20250603163106
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001398344-25-011179
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20250603

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HERZFELD CARIBBEAN BASIN FUND INC
		CENTRAL INDEX KEY:			0000880406
		ORGANIZATION NAME:           	
		EIN:				650396889
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		119 WASHINGTON AVENUE, SUITE 504
		CITY:			MIAMI BEACH
		STATE:			FL
		ZIP:			33139
		BUSINESS PHONE:		305-777-1660

	MAIL ADDRESS:	
		STREET 1:		119 WASHINGTON AVENUE, SUITE 504
		CITY:			MIAMI BEACH
		STATE:			FL
		ZIP:			33139

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HERZFELD CARIBBEAN BASIN FUND INC
		DATE OF NAME CHANGE:	19930622

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIRST CUBA FUND INC
		DATE OF NAME CHANGE:	19920929
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 11pt Times New Roman, Times, Serif">

<P STYLE="text-align: right; margin: 0">&nbsp;</P>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 11pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 50%">Troutman Pepper Locke LLP<BR>
305 Church at N. Hills Street, Suite 1200 <BR>
Raleigh, NC 27609</TD>
  <TD STYLE="text-align: right; width: 50%; vertical-align: middle">&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD></TR>
</TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">troutman.com</P>

<P STYLE="margin: 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">James L. Severs</P>

<P STYLE="margin: 0; font: 11pt Times New Roman, Times, Serif">james.severs@troutman.com</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">June 3, 2025</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Division of Investment Management</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">U.S. Securities and Exchange Commission</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">100 F Street, NE</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">Washington, D.C. 20549</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">Attn: Alberto H. Zapata, Senior Counsel<BR>
Tony Burak, Staff Accountant</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">Re:</TD><TD STYLE="text-align: justify">The Herzfeld Caribbean
                                            Basin Fund, Inc. (the &ldquo;Fund&rdquo;)<BR>
                                            Preliminary Proxy Statement <BR>
                                            <U>1940 Act File No. 811-06445</U></TD>
</TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">Mr. Zapata:</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">This letter responds to the comments
of the disclosure staff of the Commission (the &ldquo;Staff&rdquo;) to the Fund&rsquo;s Preliminary Proxy Statement on Schedule 14A (the
&ldquo;Proxy Statement&rdquo;) provided on May 19, 2025 by Alberto Zapata. The Proxy Statement was filed on May 7, 2025 under the Securities
Act of 1934, as amended (the &ldquo;1933 Act&rdquo;), and under the Investment Company Act of 1940, as amended (the &ldquo;1940 Act&rdquo;).
The Proxy Statement relates to a special shareholder meeting of the Fund expected to occur on or about June 17, 2025.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">We appreciate the opportunity to
address the Staff&rsquo;s comments regarding certain disclosure in the Proxy Statement. We have organized this letter by setting forth
the Staff&rsquo;s comments in italics followed by the Fund&rsquo;s response to the Staff&rsquo;s comments.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><B><I>Disclosure Comments</I></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><B><I>&nbsp;</I></B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">1.</TD><TD><I>Please add to the question and answer section a short explanation of why the Fund&rsquo;s Board is recommending the changes to
the Fund&rsquo;s Investment Objective</I>.</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in"><B><U>Response</U>: </B>The Fund has added a
new question and answer explaining that the Board is recommending the change to the Fund&rsquo;s Investment Objective because it has determined
that the change is in the best interest of the Fund and discussing the factors considered by the Board in making its recommendation.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">2.</TD><TD><I>Please include disclosure stating that the equity and junior trances of CLOs are the first to absorb losses from the underlying
loans</I>.</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in"><B><U>Response</U>: </B>The Fund has revised
the Proxy Statement as requested.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in">&nbsp;</P>

<!-- Field: Page; Sequence: 1; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt"><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="border-bottom: Black 1pt solid; width: 50%"><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>Alberto H. Zapata</B></P><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">June 3, 2025</P><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></P></TD><TD STYLE="border-bottom: Black 1pt solid; width: 50%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in"></P>


<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">3.</TD><TD><I>Please include disclosure stating that &ldquo;below-investment grade&rdquo; loans are typically referred to as &ldquo;junk&rdquo;
loans</I>.</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in"><B><U>Response</U>: </B>The Fund has revised
the Proxy Statement as requested.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">4.</TD><TD><I>Please include a plain English explanation of what is meant by the &ldquo;gross assets&rdquo; of the Fund</I>.</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in"><B><U>Response</U>: </B>The Fund has revised
the Proxy Statement as requested.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">5.</TD><TD><I>With respect to the fee to be paid to the Adviser, please clarify that &ldquo;more or less&rdquo; is in comparison to the fee paid
under the existing advisory agreement</I>.</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in"><B><U>Response</U>: </B>The Fund has revised
the Proxy Statement as requested.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">6.</TD><TD><I>Please include a statement disclosing that the Fund intends to borrow pursuant to its fundamental policies</I>.</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in"><B><U>Response</U>: </B>The Fund has revised
the Proxy Statement to note that while the Fund is permitted to borrow pursuant to its fundamental policies, it will only do so when the
Adviser expects return on such borrowings to be greater than the interest expense associated therewith and to further note that, to the
extent that the Fund engages in borrowing for investment purposes, such borrowed amounts will be included in the Fund&rsquo;s managed
assets for purposes of calculating the management fee.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">7.</TD><TD><I>Please include a brief explanation of how the fees under the New Advisory Agreement will be calculated and what the fee base is</I>.</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in"><B><U>Response</U>: </B>The Fund has revised
the Proxy Statement as requested.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">8.</TD><TD><I>Please include disclosure relating to whether the New Strategy will be implemented if one or more of the Proposals is not approved</I>.</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in"><B><U>Response</U>: </B>The Fund has revised
the Proxy Statement as requested.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><I>9.</I></TD><TD STYLE="text-align: justify"><I>With respect to the disclosure stating that the costs associated with transitioning the Fund&rsquo;s
portfolio in connection with the changes to the Investment Objective and Investment Strategy, please supplementally confirm that the estimated
cost of $0.006 per share applies to all portfolio holdings of the Fund.</I></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify; text-indent: -0.25in"><I>&nbsp;</I></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in"><B><U>Response</U></B>: The Fund so confirms
that this applies to all portfolio holdings that will be transitioned with the understanding that there are some securities, representing
an de minimis percentage of the Fund&rsquo;s assets, that due to trading restrictions (such as the Cuba bonds) will remain in the Fund&rsquo;s
portfolio.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in">&nbsp;</P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-bottom: 6pt"><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="border-bottom: Black 1pt solid; width: 50%"><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>Alberto H. Zapata</B></P><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">June 3, 2025</P><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></P></TD><TD STYLE="border-bottom: Black 1pt solid; width: 50%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in"></P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><I>10.</I></TD><TD STYLE="text-align: justify"><I>With respect to the risk disclosures associated with the New Strategy, please confirm whether the Fund
expects to have significant exposure with respect to any particular sector or sectors and, if so, please include disclosure as to the
risk factors associated with those sectors.</I></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify; text-indent: -0.25in"><I>&nbsp;</I></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0in"><B><U>Response</U></B>:
The Fund does not expect to have significant exposure with respect to any particular sector or sectors under the New Strategy. In the
event that the Fund&rsquo;s implementation of the New Strategy causes the Fund to have significant exposure to any particular sector or
sectors, the Fund will include appropriate risk disclosure in the applicable shareholder reports.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">11.</TD><TD><I>With respect to the inclusion of LAFs in the discussion of the New Strategy, please use this term is the discussion of the risk
factors under the New Strategy</I>.</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in"><B><U>Response</U>: </B>The Fund has revised
the Proxy Statement as requested.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">12.</TD><TD><I>If the Fund intends to invest in CBOs as part of its principal investment strategy, please include corresponding risk disclosure</I>.</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in"><B><U>Response</U>: </B>The Fund has revised
the Proxy Statement as requested.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">13.</TD><TD><I>Please define the term &ldquo;credit-related securities</I>.&rdquo;</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in"><B><U>Response</U>: </B>The Fund has revised
the Proxy Statement as requested.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><I>14.</I></TD><TD STYLE="text-align: justify"><I>Please supplementally confirm whether the Fund intends to comply with the Names Rule in advance of
the compliance date.</I></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify; text-indent: -0.25in"><I>&nbsp;</I></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0in"><B><U>Response</U></B>:
The Fund confirms that it will comply with the Names Rule as of the compliance date.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><I>15.</I></TD><TD STYLE="text-align: justify"><I>With respect to &ldquo;Discount From NAV Risk&rdquo; please confirm whether and how this applies to
the New Strategy.</I></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify; text-indent: -0.25in"><I>&nbsp;</I></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0in"><B><U>Response</U></B>:
The Fund has revised the Proxy Statement to include Discount From NAV Risk as a risk factor of the New Strategy.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><I>16.</I></TD><TD STYLE="text-align: justify"><I>With respect to the disclosure relating to Equity and Equity-Linked Securities Risks, please confirm
why the disclosure with respect to the New Strategy is significantly truncated as compared to the current strategy</I>.</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify; text-indent: -0.25in"><I>&nbsp;</I></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0in"><B><U>Response</U></B>:
Under the New Strategy, the Fund expects to invest primarily in credit and credit-related securities and does not expect to make material
investments in traditional equity securities (i.e., common and preferred stocks). The primary risk exposure with respect to equity and
equity-linked securities under the New Strategy related to general market risk that may impact the CLOs in which the Fund invests or the
underlying loans. The Fund believes the disclosure, combined with disclosure relating market risk and CLO risks, is appropriate.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><I>17.</I></TD><TD><I>Please confirm whether the Fund will continue to be non-diversified and, if so, include appropriate risk disclosure.</I></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in"><I>&nbsp;</I></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in"><B><U>Response</U></B>: The Fund will continue
to be non-diversified and has added disclosure related to Non-Diversified Investment Company Risk with respect to the New Fund.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in">&nbsp;</P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-bottom: 6pt"><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="border-bottom: Black 1pt solid; width: 50%"><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>Alberto H. Zapata</B></P><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">June 3, 2025</P><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></P></TD><TD STYLE="border-bottom: Black 1pt solid; width: 50%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in"></P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><I>18.</I></TD><TD><I>Please confirm whether the Fund will continue to be subject to Management Risk under the New Strategy and, if so, include appropriate
risk disclosure.</I></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in"><I>&nbsp;</I></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in"><B><U>Response</U></B>: The Fund will continue
to be subject to Management Risk and has added appropriate risk disclosure with respect to the New Strategy.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><I>19.</I></TD><TD><I>With respect to the Board&rsquo;s consideration of the Adviser&rsquo;s portfolio management qualifications with respect to the
New Strategy please disclose the number and types of clients for whom the Adviser has managed similar strategies.</I></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in"><I>&nbsp;</I></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in"><B><U>Response</U></B>: The Fund has revised
the Proxy Statement as requested.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><I>20.</I></TD><TD><I>With respect to the discussion of the Incentive Fee under the new Investment Advisory Agreement, please consider adding an illustration
of how the Incentive Fee will work.</I></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in"><I>&nbsp;</I></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in"><B><U>Response</U></B>: The Fund has revised
the Proxy Statement as requested.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">21.</TD><TD><I>Please include a plain English description of the &ldquo;catch up&rdquo; in the discussion of the Incentive Fee</I>.</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in"><B><U>Response</U>: </B>The Fund has revised
the Proxy Statement as requested.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><I>22.</I></TD><TD><I>With respect to the discussion of pro forma expense example under the new Investment Advisory Agreement please confirm that the
leverage ratio is correct and include an additional example that shows the effects of borrowing.</I></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in"><I>&nbsp;</I></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in"><B><U>Response</U></B>: The Fund has revised
the Proxy Statement as requested.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><I>23.</I></TD><TD><I>Please supplementally confirm whether the Fund intends to issue preferred stock within one year of the date of the shareholder
meeting.</I></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in"><I>&nbsp;</I></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in"><B><U>Response</U></B>: The Fund confirms that
it does not currently intend to issue preferred stock within one year of the shareholder meeting.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><I>24.</I></TD><TD><I>Does the Fund intend to invest in payment-in-kind and or zero coupon securities as part of its principal investment strategy under
the New Strategy? If so, please include appropriate disclosure in the discussion of the New Strategy and corresponding risk disclosure.</I></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in"><I>&nbsp;</I></P>

<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-bottom: 6pt"><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="border-bottom: Black 1pt solid; width: 50%"><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>Alberto H. Zapata</B></P><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">June 3, 2025</P><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></P></TD><TD STYLE="border-bottom: Black 1pt solid; width: 50%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in"><I></I></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in"><B><U>Response</U></B>: While the Fund may have
exposure to payment-in-kind and zero coupon securities, it does not intend to invest in such securities as part of its principal investment
strategy.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><I>25.</I></TD><TD><I>With respect to the Fund&rsquo;s new fundamental policy related to underwriting, please explain in plain English the restrictions
related to investment in restricted securities under the 1940 Act.</I></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in"><I>&nbsp;</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><I>26.</I></TD><TD><B><U>Response</U></B>: The Fund has revised the Proxy Statement to clarify that the may not underwrite securities of other issuers,
except insofar as the Fund may be deemed an underwriter under the Securities Act of 1933, as amended (the &ldquo;Securities Act&rdquo;)
in connection with the disposition of its portfolio securities (except to the extent that the Fund may be deemed to be an underwriter
within the meaning of the 1933 Act in connection with the disposition of restricted securities).</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in"><I>&nbsp;</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><I>27.</I></TD><TD><I>With respect to the Fund&rsquo;s current fundamental policy related to commodities, please clarify what is meant by the bracketed
text referring to permissible hedging transactions.</I></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in"><I>&nbsp;</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">28.</TD><TD><B><U>Response</U></B>: The referenced bracketed text was inadvertently included and has been removed.</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><I>29.</I></TD><TD><I>Please consider moving or repeating the illustration included in Annex A to the Form of Investment Advisory Agreement in the discussion
of the Incentive Fee included in the body of the Proxy Statement.</I></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in"><I>&nbsp;</I></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in"><B><U>Response</U></B>: The Fund has revised
the Proxy Statement as requested.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><I>30.</I></TD><TD><I>Please revise the footnote to the illustration of the Incentive Fee to state that the hypothetical amount of Pre-Incentive Fee
net investment income shown is expressed as a percentage of the Fund&rsquo;s total Net Assets rather than a rate of return.</I></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in"><I>&nbsp;</I></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in"><B><U>Response</U></B>: The Fund has revised
the Proxy Statement as requested.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in"><B>&nbsp;</B></P>

<!-- Field: Page; Sequence: 5 -->
    <DIV STYLE="margin-bottom: 6pt"><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="border-bottom: Black 1pt solid; width: 50%"><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>Alberto H. Zapata</B></P><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">June 3, 2025</P><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></P></TD><TD STYLE="border-bottom: Black 1pt solid; width: 50%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in"><B></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">*&#9;*&#9;*</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">Please direct any questions concerning
this letter to my attention at 919.835.4142, or in my absence to John P. Falco of this office at 215.981.4659.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in; width: 50%">&nbsp;</TD>
    <TD STYLE="text-indent: 0in; width: 35%">Very truly yours,</TD>
    <TD STYLE="text-indent: 0in; width: 15%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-indent: 0in">/s/ James L. Severs</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">James L. Severs</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left">cc:</TD><TD STYLE="text-align: justify">Tom Morgan, CCO<BR>
John P. Falco, Esq.<BR>
&#9;Joseph A. Goldman, Esq.</TD>
</TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>image_001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_001.jpg
M_]C_X  02D9)1@ ! 0$ > !X  #_VP!#  ," @," @,# P,$ P,$!0@%!00$
M!0H'!P8(# H,# L*"PL-#A(0#0X1#@L+$!80$1,4%145# \7&!84&!(4%13_
MVP!# 0,$! 4$!0D%!0D4#0L-%!04%!04%!04%!04%!04%!04%!04%!04%!04
M%!04%!04%!04%!04%!04%!04%!04%!3_P  1" !) -X# 2(  A$! Q$!_\0
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M;E",8:4L7X!.,'C)K1^!.I6FC?LZ^!+^_N8K.RMO#EG+-<3N$CC1;=269CP
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MG?VS_9].N%G\J**02,[E20H^4 9ZDU<XU/KB=GNON%IRGS'\>?'FIZM^P?\
M #29IY'BDO-01\L?G%L=D6?]U92!]!7UW\(_VV?V:_AQ\,O#?ANWUN.R^PZ?
M!!/%'HUQ\TH0"0L1'\Q+;B3WS7S%\?\ X,:]HW[ 'P2UF6QG4Z5/<W-\A0YM
MX[P[HW8=E^1.3T+BOH'X0_$_]CWQ!\.?#\^N:=X)T?7%L88[^UU33$CE6=4
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M\!?\$XO@=X!UB#4HO#MUK5Q XDB36;QKB)6'(.SA6^C BO+O^"1/_)%?&/\
MV'O_ &WBK[NKHQ5:I&K**D["BE9,J:AI-CJVF3Z=>V<%WI\\9AEM9XP\3H1@
MJ5(P1CM7S_K'_!/CX":S>R73^ X+620EF6SNIXDS[*'P/H !7T717#&I.'PN
MQ5DSRCX.?LN_#;X":I?ZEX)\/C2;Z^A%O/.UQ)*S1AMP7YV.!GGBI_AS^S3\
M.OA-XTU?Q9X6\/C3->U5)$O+H7$K^:'D$C#:S$#+ '@5ZA10ZDW>[>H605D^
M+/"^G>-O#.J:!JT)N-,U*W>UN8E8J7C<889'(X/:M:BH3MJAGG'PA_9[\#?
MWPSJ7A_PEI'V32-1E,UU;7,K7"RL4"'.\G@J,8Z5XMXP_P""8WP-\6ZK-?QZ
M5J>A-*Q<V^E7QC@!/7:C!MOT&!7UA16L:U2+<E)W8K)GSG\(OV O@Y\&O$%K
MKNE:'<:IJ]HPDMKK6;DW'D..C(N H8=C@D=J]P\9^!] ^(GA^XT/Q-I%IKFD
M7&/,M+V(.A(Z$9Z$=B.16Y14RJ3F^:3NPLD?,MU_P3A^ =S.\B^#Y+<,<^7#
MJ-P%'TRYKJ=<_8O^$_B'X;^'_ E[X?E?PWH4TMQ8VR7DJLDDA)=BX.6SD]:]
MQHJG7JNUY/[PLC,\,^';'PCX=TS0],B,&G:=;1VEM&S%BD:*%49/)X YKQ[4
M/V*OA->_$@^.X- FTKQ/]K%\+S3+V6VVSCJZJC  GO@8.3GK7NE%1&<HMN+W
M"QXO\4/V.?A#\8-9DUCQ+X.M9]8EYEO[5WMI93ZN8R Q]R"?>N2TK_@G9\"]
M&U6RU&V\*S"YLYTN(B^H3,H=&#*2"V#R!Q7TK15JM52LI.WJ%D%%%%8C/__9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
