We believe the proposed rule change is an egregious assault on shareholder rights. Our beliefs are that: 1) Trustees should be allowed to serve for life; 2) The shareholders (owners) should be allowed to determine who represents them; 3) Without annual meetings and accountability, closed end fund discounts will widen and results in significant losses for shareholders; and 4) this has a chilling effect on corporate governance in general. why stop at closed-end funds? Are REITs next?