Independent
Trustees/Nominees
Kinchen
C. Bizzell, CFA. Mr. Bizzell is Managing Director of Drexel Hamilton, a securities broker-dealer. He
was a Managing Director of CAVU Securities, a New York institutional securities broker-dealer from 2013 until 2016. At CAVU, Mr. Bizzell
was a Compliance Officer and a Financial Institution Group Investment Banker. From 1998 until 2003, Mr. Bizzell was an Investor Relations
Managing Director and later a Senior Counselor at Burson-Marsteller, a global public relations and communications firm. He advised clients
on earnings warnings and restatements, mergers and acquisitions, and bankruptcies. He started his career as a lawyer and was a partner
in the New York law firm of Mendes & Mount, counsel to Lloyd’s of London and British insurers. Mr. Bizzell serves on the Fund’s
Audit Committee and in the same capacity for another fund in the Fund Complex. Mr. Bizzell is a member of the New York State Bar. He holds
eleven securities licenses from the Financial Industry Regulatory Authority including: Research Analyst (Series 86, 87) and Principal
registration for Financial and Operations, General Securities, Municipal Securities and Registered Options (Series 27, 24, 53, 4).
Mr. Bizzell received his Bachelor’s degree from North Carolina State University and Juris Doctor degree from Duke University.
Elizabeth
C. Bogan, Ph.D. Dr. Bogan was formerly Senior Lecturer in Economics at Princeton University from
1992 until 2020. She was formerly Chair of the Economics and Finance Department, Fairleigh Dickinson University, and a member of the Executive
Committee for the College of Business Administration. Dr. Bogan serves on the Fund’s Audit Committee and also serves in the same
capacity for another fund in the Fund Complex. She received a Bachelor’s degree in Economics from Wellesley College, an M.A. degree
in Quantitative Economics from the University of New Hampshire, and a Ph.D. degree in Economics from Columbia University.
James
P. Conn. Mr. Conn is the Lead Independent Trustee of the Fund and a member of the Fund’s Pricing
and ad hoc Proxy Voting Committees. He serves on comparable or other board committees with respect
to other funds in the Fund Complex on whose boards he sits. He was a senior business executive of Transamerica Corp., an insurance holding
company, for much of his career, including service as Chief Investment Officer. Mr. Conn has been a director of several public companies
in banking and other industries, and was lead director and/or chair of various committees. He received his Bachelor’s degree in
Business Administration from Santa Clara University.
Frank
J. Fahrenkopf, Jr. Mr. Fahrenkopf is the Co-Chairman of the Commission on Presidential Debates, which
is responsible for the widely-viewed Presidential debates during the quadrennial election cycle. He also served as Chairman of the Republican
National Committee for six years during Ronald Reagan’s presidency. Additionally, he serves as a board member of the International
Republican Institute, which he founded in 1984. Mr. Fahrenkopf is the former President and Chief Executive Officer of the American Gaming
Association (“AGA”), the trade group for the hotel-casino industry. Mr. Fahrenkopf is Chair of the Fund’s ad
hoc Proxy Voting Committee and a member of the Fund’s Nominating and Pricing Committees. Mr. Fahrenkopf
serves on comparable or other board committees with respect to other funds in the Fund Complex on whose boards he sits. He served for
many years as Chairman of the Pacific Democrat Union and Vice Chairman of the International Democrat Union, a worldwide association of
political parties from the United States, Great Britain, France, Germany, Canada, Japan, Australia, and twenty other nations. Prior to
becoming the AGA’s first chief executive in 1995, Mr. Fahrenkopf was a partner in the law firm of Hogan & Hartson, where
he chaired the International Trade Practice Group and specialized in regulatory, legislative, and corporate matters for multinational,
foreign, and domestic clients. Mr. Fahrenkopf is the former Chairman of the Finance Committee of the Culinary Institute of America and
remains a member of the board. For more than 30 years, Mr. Fahrenkopf has served on the Board of First Republic Bank and serves as Chairman
of the Corporate Governance and Nominating Committee and as a member of the Compensation Committee. He is also a member of the Board of
Eldorado Resorts, Inc., which owns and operates 19 casinos in 10 states. Mr. Fahrenkopf received his Bachelor’s degree from
the University of Nevada, Reno and his Juris Doctor from Boalt Hall School of Law, U.C. Berkeley.
Daniel
D. Harding, CFA. Mr. Harding is the retired Managing General Partner of the Global Equity Income Fund,
a private investment fund. Mr. Harding is co-founder and was Chief Investment Officer of Harding Loevner Management LP, an investment
advisory firm, from 1989 through 2003. Prior to founding Harding Loevner, he was a Trust Investment Officer at American National Bank
and a partner and associate for the Rockefeller Family Office. He is a director Chairman of the Board of RCI Capital Partners, a private
equity firm, and was a director of Legg Mason Investment Counsel, LLC and Chair of the Investment Committee from 2010 to 2012. Mr. Harding
is engaged in numerous not for profit organizations with fiduciary responsibilities including the Bay Head Yacht Club Foundation and the
Ocean Reef Community Foundation. He received his undergraduate degree from Colgate University, and is a CFA and CIC charter holder.
