Absent annual meetings and elections for closed ends funds shareholders will be deprived of a meaningful voice and power over the governess of their property interests. As it is, closed end funds generally trade at a discount to net asset value. Shareholders need avenues to voice their concerns to management and management must be held accountable to shareholders. The shareholder meeting acts as one mechanism by which shareholders of closed end funds may use their status to check in on and exert basic rights over their investments. It would be an infringement upon the shareholders’ property interests to eliminate the annual reporting and communications prompted at the annual event.