On December 22, 2008, the Fund declared a capital gain distribution of $90.30 per share, payable on January 29, 2009, with an ex-dividend date of December 29, 2008. The distribution was to be paid entirely in Fund shares to a stockholder, unless the stockholder elected to receive the distribution in cash. However, the aggregate amount of cash to be distributed to all stockholders was capped at 20% of the aggregate dollar amount of the total distribution. On January 29, 2009, based on cash elections made by stockholders, the Fund paid the capital gain distribution 80% in Fund shares and 20% in cash. The date for determining the price at which shares would be issued in the distribution was January 26, 2009 (the "Pricing Date").

The Fund recorded the entire distribution on the ex-dividend date in December. Based on the assumption that cash elections would exceed the 20% cap, 80% of the distribution was deemed to be reinvested in Fund shares on the ex-dividend date for accounting purposes. The Fund also recorded on each date between the ex-dividend date and the Pricing Date the estimated number of Fund shares to be issued for the 80% of the distribution payable in shares based on that day's market price of the Fund's shares. This estimated number of shares was used to calculate the Fund's daily net asset value (NAV) reported during this period (including December 31, 2008). Due to the significant decrease in the Fund's market price during the period from December 31, 2008 to January 26, 2009, the estimated number of shares projected to be issued on the payable date changed significantly. At December 31, 2008, based on the Fund's market price of $34.42, 5,117,844 shares were projected to be issued in connection with the distribution. On the payable date, January 29, 2009, the Fund actually issued 8,007,555 shares based on the market price of $21.99 on the Pricing Date.