Under the NYSE rules, the Fund has the right to seek a review of the NYSE’s decision. Management is considering the costs and benefits of such a review.
For more information on the Fund, including information regarding the restructuring, please visit the Fund’s website at www.firstopportunityfund.com. The Fund’s proxy statement and supplemental proxy materials describing the restructuring are available on the Fund’s website.
As of Friday, April 30, 2010, the Fund had net assets of $247.8 million; the Fund’s NAV was $8.62 per share and the closing market price was $7.01, which was an 18.7% discount to NAV.