NBH INCREASES ITS DISTRIBUTION RATE
Monthly Distribution per Share | Annualized Distribution per Share | % Change from Prior Distribution |
$0.05417 | $0.65 | 43.5% |
VOTE THE ENCLOSED WHITE PROXY CARD IN SUPPORT OF
THE CURRENT DIRECTORS WHO CONSISTENTLY ACT IN THE
BEST INTERESTS OF ALL STOCKHOLDERS
YOU NEED TO TAKE ACTION TO DEFEND YOUR INVESTMENT
• | The Board of your Fund approved a new monthly distribution rate that represents an annualized distribution of $0.65 per share and determined it is in the best interests of the Fund and its stockholders to pay a higher distribution rate, even if that distribution represents a combination of net investment income, capital gains and return of capital. |
• | The incumbent Board nominees are experienced, knowledgeable, and focused on enhancing the value of your investment. |
• | The Board of your Fund is committed to creating sustainable, long-term performance in pursuit of your Fund’s stated investment objective for all stockholders. |
• | Saba Capital Master Fund Ltd. (“Saba”), an opportunistic hedge fund, has submitted a nominee for election as a director on your Fund’s Board. |
• | Your Fund’s Board believes that Saba is focused only on its own interests, not the interests of all stockholders. |
• | Unlike prior years, stockholders may receive multiple proxy cards this year. It is important that you vote and return all WHITE proxy cards and DO NOT return any GOLD proxy card(s) sent by Saba. |
We Plan to Vigorously Defend YOUR FUND!
_______________________________
Your Fund has retained EQ Fund Solutions, (“EQ”) as its proxy solicitor. If representatives of EQ call you, they will clearly identify themselves as the proxy solicitor for the Fund.
We urge you to VOTE FOR THE RE-ELECTION OF YOUR FUND'S NOMINEES (PROPOSAL 1) by filling out and signing the enclosed WHITE PROXY CARD and returning it to us in the enclosed postage-paid envelope or voting online or by phone using the instructions on the WHITE PROXY CARD. Do not vote for the Saba nominee or sign or return any proxy card sent to you by Saba.
YOUR FUND NEEDS ALL OF ITS STOCKHOLDERS TO VOTE – NOT VOTING HELPS DISSIDENT SABA AND WE BELIEVE WILL NEGATIVELY IMPACT THE LONG-TERM PROSPECTS OF THE FUND.
PLEASE DO NOT SEND BACK SABA'S GOLD PROXY CARD, even to withhold votes on Saba’s nominee, as this may cancel any prior vote for your Fund's nominees. If you have already returned Saba’s gold proxy card, you can still support your Board and your Fund by returning the enclosed WHITE PROXY CARD. Only your latest dated proxy card submission will count.
If you have any questions, please contact our proxy solicitor: