Item 7.01 Regulation FD Disclosure.
Effective
The Control Share Acquisition Amendment is intended to protect the interests of the Fund and its shareholders by limiting the risk that the Fund will become subject to undue influence by any person who makes a Control Share Acquisition of Fund shares. As described further below, the Control Share Acquisition Amendment does not eliminate voting rights for shares acquired in Control Share Acquisitions, but rather, it entrusts the Fund's other "non interested" shareholders with determining whether to approve the authorization of voting rights for the person making the Control Share Acquisition with respect to such shares.
Subject to various conditions and exceptions, the Bylaws define a "Control Share Acquisition" to include an acquisition of Fund shares that, but for the Control Share Acquisition Amendment, would entitle the beneficial owner, upon the acquisition of such shares, to vote or direct the voting of shares having voting power in the election of Fund board members within any of the following ranges:
(i) One-tenth or more, but less than one-fifth of all voting power;
(ii) One-fifth or more, but less than one-third of all voting power;
(iii) One-thirdor more, but less than a majority of all voting power; or
(iv) A majority or more of all voting power.
Shares acquired prior to
The Fund hereby furnishes the information in Exhibit 99.1, its Bylaws.
The above discussion is only a high-level summary of certain aspects of the Control Share Acquisition Amendment and certain other amendments, and is qualified in its entirety by reference to the Bylaws. Investors should refer to the Bylaws for more information.
The information disclosed under this Item 7.01, including Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities under Section 18 and shall not be deemed to be incorporated by reference into any filing of the Fund under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibit 99.1 Amended and Restated Bylaws of the Fund, datedNovember 2, 2020
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