Reply from MulvihillWhile I cannot provide specific numbers on the redemptions that came as a result of the Special Retraction right for the November 1, 2024 valuation I can say that the consolidation ratio was set in anticipation of an overnight issue of preferred shares in mind. The preferred share issuance partly offsets the redemption. This reduces the consolidation of the A class shares necessary to balance the outstandings of the two classes. 100 shares now will become about 67 shares as of November 12th. The NAV of the A class will have a corresponding increase of about 1.49 times. The NAV will be restruck for this corporate action but by way of example we can say that the 100 shares of A class at a 4.25 NAV will become around 67 shares with a NAV of about $6.34. I understand that the redemption, consolidation, and new issuance viewed in isolation it may appear unclear. Looked at more wholistically we were able to anticipate the conversion ratio such that it would not need to be adjusted after the overnight issue was done. I hope this provides some context for you in this matter. Regards Jeff Thompson I Portfolio Manager