Exhibit 99.2
AGREEMENT
ICI MUTUAL INSURANCE COMPANY
INVESTMENT COMPANY BLANKET BOND
AMONG
XXXXXXXX CAPITAL FUND, INC.
XXXXXXXX CASH MANAGEMENT FUND, INC.
XXXXXXXX COMMON STOCK FUND, INC.
XXXXXXXX COMMUNICATIONS AND INFORMATION FUND, INC.
XXXXXXXX FRONTIER FUND, INC.
XXXXXXXX GROWTH FUND, INC.
XXXXXXXX GLOBAL FUND SERIES, INC.
XXXXXXXX HIGH INCOME FUND SERIES
XXXXXXXX INCOME AND GROWTH FUND, INC.
XXXXXXXX CORE FIXED INCOME FUND, INC.
XXXXXXXX LASALLE INTERNATIONAL REAL ESTATE FUND, INC.
XXXXXXXX LASALLE REAL ESTATE FUND SERIES, INC.
XXXXXXXX MUNICIPAL FUND SERIES, INC.
XXXXXXXX MUNICIPAL SERIES TRUST
XXXXXXXX NEW JERSEY MUNICIPAL FUND, INC.
XXXXXXXX NEW TECHNOLOGIES FUND, INC.
XXXXXXXX NEW TECHNOLOGIES FUND II, INC.
XXXXXXXX PENNSYLVANIA MUNICIPAL FUND SERIES
XXXXXXXX PORTFOLIOS, INC.
XXXXXXXX SELECT MUNICIPAL FUND, INC.
XXXXXXXX TARGETHORIZON ETF PORTFOLIOS, INC.
XXXXXXXX TIME HORIZON/HARVESTER SERIES, INC.
XXXXXXXX VALUE FUND SERIES, INC.
TRI-CONTINENTAL CORPORATION
XXXXXXXX DATA CORP.
XXXXXXXX DATA CORP. EMPLOYEES' THRIFT PLAN
XXXXXXXX ADVISORS, INC.
J. & X. XXXXXXXX & CO. INCORPORATED MATCHED ACCUMULATION PLAN
May 17, 2007
Agreement, dated as of May 17, 2007 by and among Xxxxxxxx Capital
Fund, Inc., Xxxxxxxx Cash Management Fund, Inc., Xxxxxxxx Common Stock
Fund, Inc., Xxxxxxxx Communications and Information Fund, Inc., Xxxxxxxx
Frontier Fund, Inc., Xxxxxxxx Growth Fund, Inc., Xxxxxxxx Global Fund
Series, Inc., Xxxxxxxx High Income Fund Series, Xxxxxxxx Income and Growth
Fund, Inc., Xxxxxxxx Core Fixed Income Fund, Inc., Xxxxxxxx LaSalle
International Real Estate Fund, Inc., Xxxxxxxx LaSalle Real Estate Fund
Series, Inc., Xxxxxxxx Municipal Fund Series, Inc., Xxxxxxxx Municipal
Series Trust, Xxxxxxxx New Jersey Municipal Fund, Inc., Xxxxxxxx New
Technologies Fund, Inc., Xxxxxxxx New Technologies Fund II, Inc., Xxxxxxxx
Pennsylvania Municipal Fund Series, Xxxxxxxx Portfolios, Inc., Xxxxxxxx
Select Municipal Fund, Inc., Xxxxxxxx TargetHorizon ETF Portfolios, Inc.,
Xxxxxxxx Time Horizon/Harvester Series, Inc., Xxxxxxxx Value Fund Series,
Inc., Tri-Continental Corporation (hereinafter collectively called the
"Investment Companies"), Xxxxxxxx Data Corp. ("SDC"), SDC Employees'
Thrift Plan, Xxxxxxxx Advisors, Inc., and J. & X. Xxxxxxxx & Co.
Incorporated Matched Accumulation Plan.
Pursuant to an Agreement, dated September 15, 2005, SDC presently carries
an Investment Company Blanket Bond in the amount of $24,000,000 insuring against
losses from larceny and embezzlement, on a joint basis, for the protection of
itself and the parties thereto (as amended by specific riders to the bond). The
parties thereto desire to amend as of May 17, 2007, the Agreement dated
September 15, 2005, as a result of their intention to permit Xxxxxxxx LaSalle
International Real Estate Fund, Inc. to participate in the existing Blanket Bond
effective on the date upon which its registration statement becomes effective
(expected to be on or about May 25, 2007).
NOW, THEREFORE, in consideration of the promises and the mutual covenants
and agreements hereinafter contained, the parties hereto agree as follows:
(1) SDC will arrange for the continuation of the Blanket Bond, by the ICI
Mutual Insurance Company authorized to do business in the place where the bond
was issued, for the protection of itself, the Investment Companies, SDC
Employees' Thrift Plan, Xxxxxxxx Advisors, Inc. and J. & X. Xxxxxxxx & Co.
Incorporated Matched Accumulation Plan, collectively referred to as the
Insureds, in the amount indicated:
The Blanket Bond is in the aggregate amount of $24,000,000 and, inclusive
of any riders thereto, provides that:
(a) The bond shall not be cancelled, terminated or modified except
after written notice shall have been given by the acting party to the
affected party, and by the underwriter to all registered management
investment companies named as Insureds, and to the Securities and Exchange
Commission, Washington, D. C., not less than sixty days prior to the
effective date of such cancellation, termination or modification; and,
(b) The Underwriter shall furnish each registered management
investment company named as an Insured with (1) a copy of the bond and any
amendment thereto, promptly after the execution thereof, (2) a copy of
each formal filing of a claim under the bond by any other named Insured
promptly after receipt thereof, and (3) notification of the terms of the
settlement of each such claim prior to the execution of the settlement.
- 2 -
(2) The premiums payable in respect of the joint policy shall be paid by
SDC which may then charge each Insured for its pro rata share of such premium.
(3) The Insureds shall have the right to receive insurance proceeds paid
in respect of any loss or losses covered by the joint policy, as follows:
(a) In the event that such proceeds are paid in respect of a loss or
losses suffered by only one of the Insureds, all said proceeds shall be
paid to it.
(b) In the event that such proceeds are paid in respect of losses
suffered by two or more of the Insureds, which losses shall constitute but
a "single loss" under the provisions of the joint policy and the total of
which losses shall not exceed the amount of such proceeds paid in respect
thereof, each of said Insureds shall share in such proceeds to the extent
of its individual loss.
(c) In the event that such proceeds are paid in respect of losses
suffered by two or more of the Insureds, which losses shall constitute but
a "single loss" under the provisions of the joint policy and the total of
which losses shall exceed the amount of such proceeds paid in respect
thereof, each of said Insureds shall share in such proceeds in the
proportion which its individual loss bears to the total of the individual
losses of said Insureds, provided, that such proceeds, in the case of a
loss suffered by one of the Investment Companies, shall be at least equal
to the amount which it would have received had it provided and maintained
a single insured bond with the minimum coverage required by Rule 17g-1, as
amended; and provided further, that such proceeds in the case of a loss
suffered by the SDC Employees' Thrift Plan and/or by the J. & X. Xxxxxxxx
& Co. Incorporated Matched Accumulation Plan shall be, after giving
consideration to the preceding clause, at least equal to the amount which
each would have received had each plan provided and maintained a separate
bond with the minimum coverage required by Section 412 of the Employee
Retirement Income Security Act of 1974.
(4) This Agreement shall not be construed as imposing upon any of the
parties hereto any obligations to indemnify any other party against any loss or
losses suffered by such party.
(5) The aforementioned Agreement of September 15, 2005 between the parties
hereto is cancelled and superseded in its entirety by the provisions of this
Agreement.
(6) This Agreement shall be construed in accordance with the laws of the
State of New York.
IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement
to be signed in various counterparts and corporate seals where appropriate to be
hereto duly affixed by its proper officers thereunto duly authorized, all of the
day and year first above written.
XXXXXXXX CAPITAL FUND, INC.
XXXXXXXX CASH MANAGEMENT FUND, INC.
XXXXXXXX COMMON STOCK FUND, INC.
XXXXXXXX COMMUNICATIONS AND INFORMATION FUND, INC.
XXXXXXXX FRONTIER FUND, INC.
XXXXXXXX GROWTH FUND, INC.
XXXXXXXX GLOBAL FUND SERIES, INC.
XXXXXXXX HIGH INCOME FUND SERIES
XXXXXXXX INCOME AND GROWTH FUND, INC.
XXXXXXXX CORE FIXED INCOME FUND, INC.
XXXXXXXX LASALLE INTERNATIONAL REAL ESTATE FUND, INC.
XXXXXXXX LASALLE REAL ESTATE FUND SERIES, INC.
XXXXXXXX MUNICIPAL FUND SERIES, INC.
XXXXXXXX MUNICIPAL SERIES TRUST
XXXXXXXX NEW JERSEY MUNICIPAL FUND, INC.
XXXXXXXX NEW TECHNOLOGIES FUND, INC.
XXXXXXXX NEW TECHNOLOGIES FUND II, INC.
XXXXXXXX PENNSYLVANIA MUNICIPAL FUND SERIES
XXXXXXXX PORTFOLIOS, INC.
XXXXXXXX SELECT MUNICIPAL FUND, INC.
XXXXXXXX TARGETHORIZON ETF PORTFOLIOS, INC.
XXXXXXXX TIME HORIZON/HARVESTER SERIES, INC.
XXXXXXXX VALUE FUND SERIES, INC.
TRI-CONTINENTAL CORPORATION
Attest:
/s/ Xxxxx Xxxxx By /s/ Xxxxxx X. Xxxx
---------------- ------------------
Secretary Vice President
XXXXXXXX DATA CORP.
Attest:
/s/ Xxxxx Xxxxx By /s/ Xxxx X. Xxxxx
---------------- -----------------
Secretary President
XXXXXXXX DATA CORP.
EMPLOYEES' THRIFT PLAN
By /s/ Xxxxxx X. Xxxx
------------------
Committee Member
Attest:
/s/ Xxxxx Xxxxx By /s/ Xxxx X. Xxxxx
---------------- -----------------
Witness Committee Member
J. & X. XXXXXXXX & CO. INCORPORATED
MATCHED ACCUMULATION PLAN
By /s/ Xxxxxx X. Xxxx
------------------
Committee Member
Attest:
/s/ Xxxxx Xxxxx By /s/ Xxxx X. Xxxxx
---------------- -----------------
Witness Committee Member
XXXXXXXX ADVISORS, INC.
Attest:
/s/ Xxxxx Xxxxx By /s/ Xxxxxxx X. Xxxxxx
---------------- ---------------------
Secretary President
