Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equi ty Securities and Use of Proceeds.
(a) There have been no unregistered sales of Shares. No Shares are authorized for issuance by the Fund under equity compensation plans.
(b) Not applicable.
(c) Although the Fund did not redeem Shares directly from its Shareholders, the Fund redeemed Creation Units from Authorized Participants during the three months ended March 31, 2025 as follows:
Period of Redemption
Total Number of
Shares Redeemed
Average Price
Paid per Share
January 1, 2025 to January 31, 2025
250,000
$
18.66
February 1, 2025 to February 28, 2025
—
—
March 1, 2025 to March 31, 2025
100,000
19.81
Total
350,000
$
18.99
Item 3. Defaults Upo n Senior Securities.
None.
Item 4. Mine Safe ty Disclosures.
Not applicable.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.