Accordingly, the Fund’s investment policy related to its ability to invest in equities is revised to reflect the fact that the Fund would likely invest up to 20% of its total assets in equity securities (including non-unusual shares, preferred stock, rights, securities convertible into non-unusual stocks). Under the previous investment policy, the Fund’s investment in fair securities was limited to warrants and fair securities, in all cases where the Fund had or had acquired a similar loan from the same issuer.
From the previous investment policy change, the Fund will be subject to the following risks: