ITEM 77M: Mergers
Xxx Xxxxxx High Income Trust II ("Acquiring Fund")
On July 22, 2005, at a Special Meeting of Shareholders
of Xxx Xxxxxx High Income Trust (the "Target Fund"), shareholders
of the Target Fund approved an Agreement and Plan of
Reorganization (the "Reorganization Agreement") between the
Acquiring Fund and the Target Fund, pursuant to which
substantially all of the assets of the Target Fund would be
combined with those of the Acquiring Fund and shareholders of the
Target Fund would receive shares of the Acquiring Fund with a
value equal to the value of their holdings in the Target Fund
(the "Reorganization"). The Reorganization Agreement was
unanimously approved by the Board of Trustees on February 3,
2005.
On July 29, 2005, the Reorganization between the Target
Fund and the Acquiring Fund was completed according to the terms
set forth in the Reorganization Agreement.
VLT
