I oppose this rule change. It is harmful to shareholders and holds no benefit other than allowing CEFs to do less regulatory and disclosure work. This is not in the best interest of investors. If the SEC does approve the change, it would effectively eliminate the following shareholder rights: the right to vote to elect directors annually the right to submit a proposal for a shareholder vote The proposal would also put a damper on shareholder activism, and most likely would cause significant widening of closed-end fund discounts.