Rules and Regulations
promulgated
under the
Investment Company Act of 1940
Rule 10f-2 -- Exercise of Warrants or Rights Received on Portfolio Securities
Any purchase or other acquisition of securities by a registered investment company
pursuant to the exercise of warrants or rights to subscribe to or to purchase securities
shall be exempt from the provisions of section 10(f) of the Act, Provided,
That the warrants or rights so exercised
were offered or issued to such company as a security
holder on the same basis as all other holders of the class or classes of securities
to whom such warrants or rights were offered or issued, and
do not exceed 5 percent of the total amount of such
warrants or rights so issued.
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