Subject: File No. SR-NYSE-2024-35
From: Michael Castleberry

Closed-end funds need to hold annual shareholder meetings. It is the only means shareholders have to hold management accountable for performance and expense structures. The NYSE is trying to push through a proposal to eliminate annual elections so that trustees can serve unchecked for life without any recourse for investors. This is directly related to lobbying by closed-end fund managers. These closed end managers are getting worried that activists owners are exposing their years of poor performance, self-dealing, and overly high expense structures; all to the detriment of the fund owners. Please reject the proposal to eliminate the annual shareholder meeting for closed end funds,