This certificate relates to the Fund and is given to you with respect to a potential purchase of common shares of beneficial interest in the Fund (the “Shares”). Capitalized terms not defined herein have the meaning given in the Prospectus.

I hereby confirm that I understand and agree that should I (or the company) purchase Shares, the following conditions will apply to the ownership and transfer of the Shares:

¹ A “senior foreign political figure” is defined as a senior official in the executive, legislative, administrative, military or judicial branches of a non-U.S. government (whether elected or not), a senior official of a major non-U.S. political party, or a senior executive of a non-U.S. government-owned corporation. In addition, a “senior foreign political figure” includes any corporation, business or other entity that has been formed by, or for the benefit of, a senior foreign political figure.

² “Immediate family” of a senior foreign political figure typically includes the figure’s parents, siblings, spouse, children and in-laws.

³ A “close associate” of a senior foreign political figure is a person who is widely and publicly known to maintain an unusually close relationship with the senior foreign political figure, and includes a person who is in a position to conduct substantial domestic and international financial transactions on behalf of the senior foreign political figure.

If I am acting on behalf of, or using any assets of, (i) an “employee benefit plan” as defined in and subject to the fiduciary responsibilities of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), (ii) a “plan” as defined in and subject to Section 4975 of the Internal Revenue Code of 1986, as amended (the “Code”), or (iii) an entity deemed to hold “plan assets” as a result of investments in the entity by such employee benefit plans or plans, I further certify, on my own behalf and on behalf of such Plan, that:

⁴ “Net worth” for these purposes means the excess of total assets at fair market value, including home furnishings and automobiles (but excluding the value of a prospective Member’s primary residence) over total liabilities. For purposes of determining the value of the primary residence to be excluded from net worth, the investor should exclude the amount by which the estimated fair market value of his or her primary residence exceeds the outstanding balance of any indebtedness secured by that primary residence. If any such indebtedness exceeds the estimated fair market value of such primary residence, the undersigned should reduce his or her net worth by the amount of any such excess indebtedness. The fair market value of a primary residence and the amount of outstanding indebtedness should be measured as of the proposed subscription date. In addition, if outstanding indebtedness secured by the undersigned’s primary residence has increased (other than as a result of the acquisition of such primary residence) in the 60-day period preceding the proposed subscription ate (i.e., due to a home equity loan), the undersigned should reduce his or her net worth by the amount of such increase.

⁵ “Spousal equivalent” means a cohabitant occupying a relationship generally equivalent to that of a spouse.

Beneficial Owner or Controlling Person #1 (for an entity a Controlling person can be a Trustee, General Partner, Managing Member, Director or appointed Officer):

If you desire to participate in the Fund’s automatic dividend reinvestment program, you may continue to the next section. If you desire to elect out of the Fund’s automatic dividend reinvestment program and receive annual distributions, please check the following box and provide your wire instructions below:

Please list any additional contacts you wish to be added to this account (e.g., accountants, assistants, custodians, trustees). They will receive postal copies.

I acknowledge that, as a holder of Fund Shares, I will be entitled to receive certain communications, including but not limited to prospectuses, annual and semi-annual financial reports, tender offer documents, regulatory notices (including privacy notices), investor statements, any applicable tax reporting, and certain other communications, from the Fund (collectively, the “Investor Communications”). I agree to electronic distribution of all Investor Communications via e-mail and/or website access, in lieu of mailed hardcopies. In the case of website delivery, a notice will be sent by mail and/or by e-mail to the address provided above when an Investor Communication is available for viewing online. Any additional instructions for accessing Investor Communications will be provided in the notice. I understand that a computer or other electronic device with Internet connection, a valid e-mail account and a printer that can print items from a computer or other electronic storage device will be required to access, print and retain Investor Communications received electronically. I understand that I will not receive paper copies of these electronic Investor Communications unless specifically requested, the delivery of electronic Investor Communications is prohibited or the Fund, in its sole discretion, elects to send paper copies of the materials. I also understand that I may revoke this consent to electronic delivery at any time and receive hard copies of Investor Communications instead.

You must register on the Fund's website to initiate e-delivery. Please contact the Adviser for instructions.

Under penalties of perjury, by signature below, I certify that:

The Social Security/Taxpayer ID number for the subscriber/account owner is my correct taxpayer identification number.

I am not subject to backup withholding because I am exempt from backup withholding or I have not been notified by the IRS that I am subject to backup withholding as a result of failure to report all interest or dividends; or the IRS has notified me that I am no longer subject to backup withholding.

I am a U.S. person (including a U.S. resident alien), as defined in IRS Form W-9.

The FATCA code entered on this form (if any) indicating that the payee is exempt from FATCA reporting is correct.

Exempt payee code (if any)

Exemption from FATCA reporting code (if any)

Certification instructions.

☐

Check this box if you have been notified by the IRS that you are currently subject to backup withholding because you have failed to report all interest and dividends on your tax return. The IRS does not require your consent to any provision of this document other than the certifications required to avoid backup withholding.

If joint ownership, all parties must sign. If fiduciary, partnership or corporation, indicate title of signatory.

We are required by state law to inform you that your property may be transferred to the appropriate state if no activity occurs in the account within the time period specified by state law.

All documentation and funding must be received generally on or before the fifth Business Day prior to the relevant subscription date, which may be extended at the Fund’s discretion (or such other acceptance date set by the Fund and notified to prospective Members prior to a subscription date). Wire instructions are available upon request. Originals are not required.

Account Owner or Entity’s Legal Name(s):

Account Owner SSN or EIN:

Legal Address (not a P.O. Box):

Legal City, State & Zip:

Mailing Address (if different from legal):

Mailing City, State & Zip:

E-mail:

Name:

Legal Address (if different):

Legal City, State & Zip (if different):

Social Security Number:			Date of Birth:

Phone Number:			E-mail:

Beneficial Owner or Controlling Person #2 (if applicable):

Name:

Legal Address (if different):

Legal City, State & Zip (if different):

Social Security Number:			Date of Birth:

Phone Number:			E-mail:

Bank Name:

Bank Routing Number:

Account Name:

Account Number:

For Further Credit Name:

For Further Credit Number:

Advisor Name:

Firm Name:				Branch Name/Number (if applicable):

CRD#:				Representative ID:

Phone Number:				E-mail:

Client Service Associate or operations contact:

Phone Number:				E-mail:

Additional Contact Name:

Mailing Address:

City, State & Zip:

Email:

		(a) I have a net worth,⁴ or joint net worth with my spouse or spousal equivalent⁵, in excess of $1,000,000 (excluding the value of my primary residence).

		(b) I have had an individual annual adjusted gross income during the last two full calendar years of in excess of $200,000 (or joint income together with my spouse or spousal equivalent in excess of $300,000) and reasonably expect to have an annual income in excess of $200,000 (or joint income together with my spouse or spousal equivalent in excess of $300,000) during the current calendar year, I have no reason to believe that my income will not remain in excess of $200,000 (or joint income in excess of $300,000) for the foreseeable future.

		(c) I hold, in good standing, a FINRA Series 7, Series 82 or Series 65 license or any such other professional certification, designation or credential that has been designated by an order of the SEC as qualifying an individual for accredited investor status. Please list each such professional certification, designation or other credential held by me. As applicable, please list the FINRA member or investment adviser with which I am associated.

TAXABLE
☐	Individual	☐	Estate
☐	Joint Tenants in Common	☐	Trust
☐	Joint Tenants w/Rights of Survivorship	☐	C-Corp
☐	LLC (treated as a corporation for tax)	☐	S-Corp
☐	LLC (treated as a partnership for tax)	☐	General Partnership
☐	LLC (disregarded entity for tax purposes)	☐	Limited Partnership
☐	Other

TAX-EXEMPT
☐	Public Pension	☐	Profit Sharing Plan
☐	Private Pension Plan	☐	IRA
☐	Taft Hartley Plan	☐	501(c)(3)
☐	Other	☐	Charitable Trust


Subscriber's Signature		Subscriber's Signature (Joint Owner if applicable)


Subscriber's Name		Subscriber's Name (Joint Owner if applicable)


Subscriber's Title		Subscriber's Title (Joint Owner if applicable)


Date		Date