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STATE STREET BANK AND TRUST COMPANY
TRANSFER AGENT AND REGISTRAR SERVICES
FEE AGREEMENT
FOR
ALL GABELLI CLOSED-END FUNDS
ONGOING TRANSFER AGENT FEES
$6.00 per shareholder account per annum for open accounts and $4.00 per closed
shareholder account per annum. Includes the issuance and registration of the
first 1,500 credit certificates in a calendar year, per fund. Excess credits
beyond 1,500 to be billed at $1.25 each within a calendar year.
For each dividend reinvestment per participant $.75
For each optional cash infusion $.75
ACCOUNT MAINTENANCE SERVICES
- Establishing new accounts
- Preparing and mailing of W-9 solicitation to new accounts without
T.I.N.'s
- Address changes
- Processing T.I.N. changes
- Processing routine and non-routine transfers of ownership
- Issuance of credit certificates (see limits)
- Posting debit and credit transactions
- Providing a daily transfer journal of ownership changes
- Responding to written shareholder communications
- Responding to shareholder telephone inquiries; toll-free number
- Placing and releasing stop transfers
- Replacing lost certificates
- Registration of credit certificates (see limits)
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Fee Agreement
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DIVIDEND DISBURSEMENT SERVICES
- Generate and mail twelve dividend checks per annum with one enclosure
- Replace lost dividend checks
- Processing of backup withholding and remittance
- Processing of non-resident alien withholding and remittance
- Preparation and filing of Federal Tax Forms 1099 and 1042
- Preparation and filing of State Tax information as directed
DIVIDEND REINVESTMENT SERVICES PROVIDED
- Processing optional cash investments and acknowledging same
- The reinvestment of dividend proceeds for participants
- Participant withdrawal or sell requests
- Preparation, mailing and filing of Federal Tax Form 1099B for sales
- Preparation and mailing of reinvestment statements
ANNUAL MEETING SERVICES
- Coordination of mailing of proxies, proxy statement, annual report and
business reply envelope (all out-of-pocket expenses, including
printing of proxy cards, postage, and envelope costs will be billed as
incurred)
- Providing one set of labels of banks, brokers and nominees for broker
search
- Providing an Annual Meeting Record Date list
- Tabulation of returned proxies
- Daily reporting of tabulation results
- Interface support during solicitation effort
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Fee Agreement
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- Providing one Inspector of Election at Annual Meeting (out-of-pocket
travel expenses billed as cost as incurred)
- Providing an Annual Meeting Final Voter list
ADDRESSING AND MAILING SERVICES
- Preparation for the mailing of three (3) quarterly reports
INFORMATIONAL SERVICES PROVIDED
- One complete statistical report annually
- Shareholders by state
- Shareholders by classification code
- Shareholders by share grouping
- Geographical Analysis monthly
TERMS OF FEE AGREEMENT
- Minimum $1,000 per month
MISCELLANEOUS
- All out-of-pocket expenses such as postage, stationery, etc. will be
billed as incurred.
ADDITIONAL SERVICES
- Services over and above this Fee Schedule will be invoiced in
accordance with our current Schedule of Services or priced by
appraisal.
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XXXXX XXXXXX BANK AND TRUST COMPANY
STOCK TRANSFER AGENT FEE AGREEMENT
FOR
ALL GABELLI CLOSED-END FUNDS
FEE AGREEMENT EFFECTIVE DATE: 4/1/95
REQUIRED SIGNATURES:
/s/ Xxxxxxx X. Xxxxx 4/11/95
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State Street Bank and Trust Date
Company
Name: Xxxxxxx X. Xxxxx
Title: Vice President
/s/ Xxxxx Xxxxxx 4/7/95
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Gabelli Funds, Inc. Date
Name:
Title:
