Approval Of Investment Advisory Agreement

80a-15 (a) (3)), by failure to renew the previous contract or by assignment (other than an assignment by an investment adviser or a controlling person of the investment adviser, in the context of which the investment adviser or a controlling person receives directly or indirectly money or other benefits): (B) Where a majority of the outstanding voting securities of the Fund receive, until the end of the 150 days, the amount in the trust account (including the interest earned) is paid to the investment advisor; and (vii) the board of directors of the investment company complies with the fund governance standards set out in subsections 270.0 to 1 (a) (7). (3) The previous contract is an investment advisory contract that has been approved and terminated by the majority of the Fund`s outstanding voting securities. . . .

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