• The Bank Portfolio is initially equal-weighted and comprised of Citigroup Inc., Bank of America Corp. (DE), UBS, Banco Santander Central Hispano, Royal Bank of Scotland Group plc, BNP Paribas, Deutsche Bank AG and Societe Generale Group.
• The Company believes that the Banks generally offer attractive dividend yields, strong earnings growth momentum and the potential to benefit from the consolidation of the global banking industry.

The investment objectives with respect to the Preferred Shares are:

1. to provide holders with fixed cumulative preferential quarterly cash distributions that are expected to consist of non-taxable returns of capital and capital gains in the amount of $0.1125 per Preferred Share, representing a yield on the issue price of the Preferred Shares of 4.5% per annum; and
2. to return $10.00 per Preferred Share at the time of redemption of such Preferred Shares on December 15, 2012.

The investment objectives with respect to the Class A Shares are:

1. to provide holders with the opportunity for leveraged growth in net asset value per Class A Share after the repayment of the original issue price of the Preferred Shares; and
2. to provide holders of Class A Shares with cash distributions that are expected to consist of non-taxable returns of capital and capital gains as and when declared by the board of directors.