To the extent that the Fund’s taxable income in any fiscal year exceeds the aggregate amount distributed based on a fixed percentage of its net asset value, the Fund would make an additional distribution in the amount of that excess near the end of the fiscal year. To the extent that the aggregate amount distributed by the Fund based on a fixed percentage of its net asset value exceeds its current and accumulated earnings and profits, the amount of that excess would constitute a return of capital or net realized capital gains for tax purposes. A return of capital may occur, for example, when some or all of the money that shareholders invested in the Fund is deemed to be paid back to shareholders. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income.”

During the current fiscal year which ends on October 31, 2013, the Fund has made four (4) regular monthly distributions, from November 1, 2012 to February 28, 2013, which in aggregate equal to $0.3185 per share. The sources of the regular monthly distributions paid during the month and current fiscal year are estimated as follows:
                 
Estimated source of regular monthly distributions                        
            Estimated allocations
        Distributions      

Net investment

income
     

Net realized short-

term capital gains
     

Net realized long-

term capital gains
     

Return of

capital
Current month       $0.0799       $0.0538 (67%)       $0 (0%)       $0.0261 (33%)       $0 (0%)
YTD*       $0.3185       $0.3185 (100%)       $0 (0%)       $0 (0%)       $0 (0%)
 
* Fiscal year-to-date.
 

The Fund periodically issues notices to shareholders and press releases estimating the source characteristics of its monthly distributions. The amounts and sources reported in these materials are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for accounting and tax reporting purposes will depend upon the Fund’s investment experience during its entire fiscal year and may be subject to retroactive changes based on tax regulations. The Fund sends shareholders a Form 1099-DIV (or a financial intermediary should provide a shareholder with similar information) for the calendar year that will tell shareholders how to report these distributions for federal income tax purposes.

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