NYSE and CBOE are seeking to eliminate the requirement that CEFs hold annual meetings. For 100+ years, CEF investors have had a fundamental right to elect directors at annual meetings. Without annual meetings, investors will have no voice in how their funds are run – they will lose the ability to protect the value of their investment. NYSE and CBOE misleadingly claim that their proposals will only apply to *newly* listed CEFs – in reality, their proposals will apply to all CEFs because pre-existing CEFs can game the system and become new CEFs through mergers, reincorporation and re-listings. It is imperative that the NYSE and CBOE are stopped from eliminate the requirement that CEFs hold annual meetings to protect individual retail investors and institutional investors alike.