Jul. 10, 2025
These comments are in regard to your proposal to eliminate closed end fund annual meetings. I am strongly against this proposal. As a retail investor, who has also filed multiple 13-D’s in my life, I have found that annual meetings are many times the only opportunity investors get to interact with management teams. In fact, even the great Berkshire Hathaway only has one meeting or opportunity per year to ask questions of management. Who is being served by eliminating this requirement? Management will say it says money. Not issuing financial statements and annual reports would also save money. Shareholders need a venue to seek changes in governance and to ask management teams questions about the companies. Closed end funds have had numerous governance issues over the last 50 years; this has not been an area without abuse. I am strongly against this proposal and ask that you vote against the elimination of annual meetings. Charles Frischer