Securities and Exchange Commission (2002-2008) Principal, PricewaterhouseCoopers LLP (1994-2002).Ĭhief Pension Investment Strategist, CBRE Global Investors (June 2021-Present) Īdvisory Board of Milken Institute for Public Finance (2021-Present) Chief Investment Officer, New Mexico Public Employees (2012-2015) Member, Congressional Oversight Panel for TARP (2009-2010) Commissioner, Of the Board and Director, BATS Global Markets, Inc. The Board may call a meeting of the Fund’s Shareholders toįill any vacancy in the position of a Trustee of the Fund and must do so if the Trustees who were elected by the Shareholders of the FundĬease to constitute a majority of the Trustees then serving on the Board.Ĭhief Executive Officer and Founder, Patomak Global Partners, LLC (financial services consulting firm) (2009-Present) Independent Chairman May appoint an individual to serve as a Trustee so long as immediately after the appointment at least two-thirds of the Trustees of theįund then serving have been elected by the Shareholders of the Fund. In the event of any vacancy in the position of a Trustee, the remaining Trustees of the Fund To be cast by all Shareholders of the Fund. To the removal vote or (ii) the vote of Shareholders of the Fund holding not less than two-thirds of the total number of votes eligible The other Trustees of the Fund and may be removed either by (i) the vote of at least two-thirds of the Trustees of the Fund not subject A Trustee may resign upon written notice to A Trustee’s position in that capacity will terminate if the Trustee is removed or resigns or,Īmong other events, upon the Trustee’s death, incapacity, retirement or bankruptcy. Of their principal occupations during the past five years is set forth below.įor terms of indefinite duration. Any Trustee who is not an Independent Trustee is an interested trustee (“Interested Trustee”).īoard and officers of the Fund, and their brief biographical information, including their addresses, their year of birth and descriptions ![]() ![]() A majority of Trustees of the BoardĪre not “interested persons” (as defined in the Investment Company Act) of the Fund (collectively, the “Independent The officers of the Fund conduct and supervise the daily businessĪ “Trustee”) are not required to contribute to the capital of the Fund or to hold Shares. The Board exercises the same powers, authority and responsibilities on behalf of the Fund as are customarily exercised by the board ofĭirectors of a registered investment company organized as a corporation. On behalf of its Shareholders, including the authority to establish policies regarding the management, conduct and operation of its business. The Board has overall responsibility for the management and supervision of the business affairs of the Fund OF TRUSTEES AND OFFICERS” of the Statement of Additional Information is deleted in its entirety and replaced with the following:įund are managed and supervised under the direction of the Board, subject to the laws of the State of Delaware and the Fund’s AgreementĪnd Declaration of Trust. ![]() The former Trustees of the Fund resigned effective May 13, 2021.Įffective immediately, the section entitled “BOARD Nesbitt to serve as members of the Board of Trustees At a shareholder meeting held on May 6, 2021, the
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