divspan style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;;"Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in /spanspan style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;;"income-producing equity and equity-related investments. The Fund’s investments in equity and equity-related investments include U.S. common stocks, /spanspan style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;;"American Depositary Receipts (“ADRs”), U.S. dollar-denominated foreign stocks traded on U.S. exchanges, preferred stocks, convertible preferred stocks, and /spanspan style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;;"real estate investment trusts (“REITs”). An income-producing investment is one that has issued dividend income to investors within the past year./span/divdivspan style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;;"The Fund’s investment sub-advisor, The London Company of Virginia, LLC (“The London Company”), emphasizes investments in profitable, financially stable, /spanspan style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;;"core companies that focus on generating high dividend income, are run by shareholder-oriented management with strong corporate governance practices /spanspan style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;;"and trade at reasonable valuations relative to their peers and market, which may include investments in growth companies. The London Company also seeks /spanspan style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;;"companies with high return on capital, consistent free cash flow generation, predictability and stability. The London Company employs an investment process /spanspan style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;;"with bottom-up, fundamental analysis and follows a /spanspan style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;;"sell discipline that considers criteria including: significant insider selling, excessive valuation, deterioration /spanspan style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;;"in a company’s fundamentals, poor capital allocation by company management, or when a more attractive opportunity is identified. Additionally, The London /spanspan style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;;"Company will assess any investment that experiences significant negative performance to determine whether to sell the investment./span/divdivspan style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;;"The Fund may invest in large- and mid-capitalization companies and will typically hold 30 to 40 issuers. The Fund may invest cash balances in other investment /spanspan style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;;"companies, including a government money market fund advised by the Manager, with respect to which the Manager also earns a management fee./span/div