AMENDED AND RESTATED FIDELITY BOND AGREEMENT
Exhibit 2
AMENDED AND RESTATED
This Agreement is made as of this 7th day of December, 2010 by and among Xxxxx & Steers Capital Management, Inc. (the “Adviser”), Xxxxx & Steers Closed-End Opportunity Fund, Inc., Xxxxx & Steers Dividend Majors Fund, Inc., Xxxxx & Steers Global Income Builder, Inc., Xxxxx & Steers Select Preferred and Income Fund, Inc., Xxxxx & Steers Quality Income Realty Fund, Inc., Xxxxx & Steers REIT and Preferred Income Fund, Inc., Xxxxx & Steers Infrastructure Fund, Inc. and Xxxxx & Steers Total Return Realty Fund, Inc. (together, the “Funds”)
W I T N E S S E T H:
WHEREAS, the Funds, with the exception of Xxxxx & Steers Select Preferred and Income Fund, Inc., have been a party to a Fidelity Bond Agreement, dated as of June 22, 2010; and
WHEREAS, the Adviser, effective December 7, 2010, has added Xxxxx & Steers Select Preferred and Income Fund, Inc. to the Funds’ fidelity bond as required by the Investment Company Act of 1940 (the “Act”); and
WHEREAS, the Funds are each a closed-end investment company and are registered under the Act; and
WHEREAS, the Adviser has agreed to provide certain administrative services to the Funds, including the purchase of a bond required by the Act and Rule 17g-1 promulgated thereunder pursuant to which the Funds and the Adviser are named insureds; and
WHEREAS, Rule 17g-1 requires that the named insureds under such a bond enter into an agreement with respect to certain matters.
NOW, THEREFORE, in consideration of the premises and the terms and provisions hereinafter set forth, the parties hereto agree as follows:
1. Description of Bond. St. Xxxx Fire and Marine Insurance Company (“Insurance Company”) has issued a fidelity bond in the amount of $6,575,000 which may be increased from time to time, designating the Adviser and the Funds as named insureds (the “Bond”).
2. Minimum Recovery. In the event recovery is received under the Bond as a result of a loss sustained by the Adviser or one or more of the Funds, each Fund shall receive an equitable and proportionate share of the recovery, which shall be at least equal to the amount that each Fund would have received had it provided and maintained a single insured bond with the minimum coverage required by Rule 17g-1(d)(1).
3. Term. The term of this Agreement shall commence on the date hereof and shall terminate upon the termination or cancellation of the Bond.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed on the date first written above.
| XXXXX & STEERS CAPITAL MANAGEMENT, INC. | ||||||
| By: | /s/ Xxxx X. Xxxxx |
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| Xxxx X. Xxxxx | ||||||
| Senior Vice President | ||||||
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| XXXXX & STEERS CLOSED-END OPPORTUNITY FUND, INC. | ||||||
| By: | /s/ Xxxx X. Xxxxx |
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| Xxxx X. Xxxxx | ||||||
| Assistant Secretary | ||||||
| XXXXX & STEERS DIVIDEND MAJORS FUND, INC. | ||||||
| By: | /s/ Xxxx X. Xxxxx |
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| Xxxx X. Xxxxx | ||||||
| Assistant Secretary | ||||||
| XXXXX & STEERS GLOBAL INCOME BUILDER, INC. | ||||||
| By: | /s/ Xxxx X. Xxxxx |
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| Xxxx X. Xxxxx | ||||||
| Assistant Secretary | ||||||
| XXXXX & STEERS SELECT PREFERRED AND INCOME FUND, INC. | ||||||
| By: | /s/ Xxxx X. Xxxxx |
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| Xxxx X. Xxxxx | ||||||
| Assistant Secretary | ||||||
| XXXXX & STEERS QUALITY INCOME REALTY FUND, INC. | ||||||
| By: | /s/ Xxxx X. Xxxxx |
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| Xxxx X. Xxxxx | ||||||
| Assistant Secretary | ||||||
| XXXXX & STEERS REIT AND PREFERRED INCOME FUND, INC. | ||||||
| By: | /s/ Xxxx X. Xxxxx |
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| Xxxx X. Xxxxx | ||||||
| Assistant Secretary | ||||||
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| XXXXX & STEERS INFRASTRUCTURE FUND, INC. | ||||||
| By: | /s/ Xxxx X. Xxxxx |
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| Xxxx X. Xxxxx | ||||||
| Assistant Secretary | ||||||
| XXXXX & STEERS TOTAL RETURN REALTY FUND, INC. | ||||||
| By: | /s/ Xxxx X. Xxxxx |
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| Xxxx X. Xxxxx | ||||||
| Assistant Secretary | ||||||
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