The board of trustees confirmed the new policy will operate at an annualized rate of 11.00% based on the fund’s average monthly net asset value. By moving to this structure, the Philadelphia-based fund aims to provide investors with more consistent cash flow. The first payment under these updated terms is scheduled for July 31, 2026, for shareholders of record as of July 23.

While the policy is intended to deliver steady income, the fund cautioned that distributions may be sourced from current earnings, realized capital gains, or a return of paid-in capital. The board views this shift as a potential mechanism to narrow the gap between the fund’s market price and its net asset value, though officials noted that market conditions remain the primary driver of share performance.