Fund's Board of Directors Appoints New Members, Enhancing Governance and Oversight

The Fund has appointed Amy B. R. Lancellotta and Joanne T. Medero as independent directors to its Board of Directors, effective June 1, 2021. Lancellotta brings with her 30 years of service to the Investment Company Institute, while Medero has over 30 years of financial services experience, including stints at BlackRock and Barclays Global Investors. These new appointees will serve on various committees, including the Closed-End Funds Committee, Nominating and Governance Committee, and Compliance, Risk Management and Regulatory Oversight Committee.

Key Takeaways:

• Amy B. R. Lancellotta, after 30 years of service at the Investment Company Institute, has been appointed to the Fund's Board of Directors and various committees, including the Closed-End Funds Committee, Nominating and Governance Committee, and Compliance, Risk Management and Regulatory Oversight Committee.
• Joanne T. Medero, with over 30 years of financial services experience, has been appointed to the Fund's Board of Directors and various committees, including the Nominating and Governance Committee and Compliance, Risk Management and Regulatory Oversight Committee.
• Lancellotta retired from the Investment Company Institute at the end of 2019, while Medero retired from BlackRock in July 2020 and from Barclays Global Investors in 2009.
• Medero has held various leadership positions, including Managing Director of the Government Relations and Public Policy Group at BlackRock, Senior Advisor to BlackRock's Vice Chairman, and Chair of the Steering Committee of the SIFMA Asset Management Group.
• Medero is currently a member of the Board of Directors of the Baltic-American Freedom Foundation and chairs the Corporations, Antitrust and Securities Practice Group of The Federalist Society for Law and Public Policy.
• The appointments are made to the Fund's SAI effective immediately, commemorating the new additions to the Board of Directors and its committees.

Statistics:

• 30 years of service: Amy B. R. Lancellotta's tenure at the Investment Company Institute.
• Over 30 years of financial services experience: Joanne T. Medero's experience in the industry.
• Effective June 1, 2021: The date when the new appointments take effect.
• 2019: The year Amy B. R. Lancellotta retired from the Investment Company Institute.
• 2020: The year Joanne T. Medero retired from BlackRock and Barclays Global Investors.
• 2009: The year Barclays Global Investors merged with BlackRock.
• 1975: The year Joanne T. Medero received her B.A. degree from St. Lawrence University.
• 1978: The year Joanne T. Medero received her J.D. degree from the National Law Center, George Washington University.

Sources:

• COMTEX_387687142/2255/2021-06-01T19:23:46 (c) 1995-2021 Cybernet Data Systems, Inc. All Rights Reserved
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