Subject: SR-CboeBZX-2025-072: Webform Comments from James P. McKay
From: James P. McKay
Affiliation:

Jul. 22, 2025

I am a long term investor who buys CEFs at low prices in
anticipation of long term capital gains, and I am frequently upset
about liquidation of my funds at those low prices by large activist
investors. Furthermore the fees of CEFs are much too high, and the
cost of annual board meetings is an important part of that cost.

Please approve the CBOE proposal to eliminate annual board meetings
for CEFs.