UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-21549
Energy Income and Growth Fund
(Exact name of registrant as specified in charter)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
(Address of principal executive offices) (Zip code)
W. Scott Jardine, Esq.
First Trust Portfolios L.P.
120 East Liberty Drive, Suite 400
Wheaton, IL 60187
(Name and address of agent for service)
Registrant's telephone number, including area code:
630-765-8000
Date of fiscal year end: NOVEMBER 30
Date of reporting period: AUGUST 31, 2009
Form N-Q is to be used by management investment companies, other than small
business investment companies registered on Form N-5 (ss.ss. 239.24 and 274.5 of
this chapter), to file reports with the Commission, not later than 60 days after
the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under
the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use
the information provided on Form N-Q in its regulatory, disclosure review,
inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-Q, and
the Commission will make this information public. A registrant is not required
to respond to the collection of information contained in Form N-Q unless the
Form displays a currently valid Office of Management and Budget ("OMB") control
number. Please direct comments concerning the accuracy of the information
collection burden estimate and any suggestions for reducing the burden to the
Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC
20549. The OMB has reviewed this collection of information under the clearance
requirements of 44 U.S.C. ss. 3507.
ITEM 1. SCHEDULE OF INVESTMENTS.
The Schedule(s) of Investments is attached herewith.
ENERGY INCOME AND GROWTH FUND
PORTFOLIO OF INVESTMENTS (a) (b)
AUGUST 31, 2009 (UNAUDITED)
SHARES DESCRIPTION VALUE
------- ----------------------------------------------------- ------------
MASTER LIMITED PARTNERSHIPS - 121.4%
OIL, GAS & CONSUMABLE FUELS - 120.1%
56,000 AmeriGas Partners, L.P. ............................. $ 1,935,920
110,000 Buckeye GP Holdings, L.P. ........................... 2,472,800
25,000 Buckeye Partners, L.P. .............................. 1,174,500
465,471 Clearwater Natural Resources, L.P. (c) (d) (e) (f) .. 0
124,300 Duncan Energy Partners, L.P. ........................ 2,256,045
105,000 El Paso Pipeline Partners, L.P. ..................... 2,039,100
150,947 Enbridge Energy Partners, L.P. ...................... 6,468,079
7,582 Encore Energy Partners, L.P. ........................ 115,701
219,000 Energy Transfer Equity, L.P. ........................ 5,888,910
253,870 Energy Transfer Partners, L.P. ...................... 10,291,890
267,803 Enterprise GP Holdings, L.P. ........................ 7,498,484
484,998 Enterprise Products Partners, L.P. .................. 13,094,946
70,709 EV Energy Partner, L.P. ............................. 1,540,042
39,928 Exterran Partners, L.P. ............................. 623,675
88,393 Global Partners, L.P. ............................... 1,949,950
142,700 Holly Energy Partners, L.P. ......................... 5,227,101
142,836 Inergy Holdings, L.P. ............................... 6,294,783
205,771 Kinder Morgan Energy Partners, L.P. ................. 10,877,055
398,239 Magellan Midstream Holdings, L.P. ................... 8,669,663
302,756 Magellan Midstream Partners, L.P. ................... 10,971,878
102,788 Natural Resource Partners, L.P. ..................... 1,798,790
125,126 NuStar Energy, L.P. ................................. 6,700,497
200,000 NuStar GP Holdings, LLC ............................. 4,870,000
169,130 ONEOK Partners, L.P. ................................ 8,466,648
180,000 Penn Virginia Resource Partners, L.P. ............... 2,671,200
235,921 Plains All American Pipeline, L.P. .................. 11,192,092
67,505 Quicksilver Gas Services, L.P. ...................... 992,324
60,395 Sunoco Logistics Partners, L.P. ..................... 3,429,228
27,000 TC Pipelines, L.P. .................................. 985,500
25,000 TEPPCO Partners, L.P. ............................... 825,000
60,000 TransMontaigne Partners, L.P. ....................... 1,612,200
60,000 Williams Pipeline Partners, L.P. .................... 1,108,800
------------
144,042,801
------------
GAS UTILITIES - 1.3%
30,000 Spectra Energy Partners, L.P. ....................... 695,100
20,000 Suburban Propane Partners, L.P. ..................... 811,400
------------
1,506,500
------------
TOTAL MASTER LIMITED PARTNERSHIPS
(Cost $100,748,310) ................................. 145,549,301
------------
CANADIAN INCOME TRUSTS - 2.6%
OIL, GAS & CONSUMABLE FUELS - 2.6%
170,000 Keyera Facilities Income Fund ....................... 3,066,910
------------
TOTAL CANADIAN INCOME TRUSTS
(Cost $ 2,306,031) .................................. 3,066,910
------------
See Notes to Quarterly Portfolio of Investments Page 1
ENERGY INCOME AND GROWTH FUND
PORTFOLIO OF INVESTMENTS (a) (b) - (CONTINUED)
AUGUST 31, 2009 (UNAUDITED)
SHARES DESCRIPTION VALUE
------- ----------------------------------------------------- ------------
COMMON STOCKS - 25.3%
OIL, GAS & CONSUMABLE FUELS - 19.1%
64,127 Enbridge Energy Management, LLC (g) ................. $ 2,700,405
159,800 Enbridge, Inc. (i) .................................. 5,946,158
66,973 Kinder Morgan Management, LLC (g) ................... 3,169,822
132,200 Spectra Energy Corp. (h) ............................ 2,488,004
60,000 TransCanada Corp. (i) ............................... 1,780,800
415,300 Williams Companies, Inc. (h) ........................ 6,827,532
------------
22,912,721
------------
GAS UTILITIES - 6.1%
178,000 ONEOK, Inc. (h) ..................................... 6,030,640
50,000 UGI Corp. (i) ....................................... 1,275,500
------------
7,306,140
------------
CAPITAL MARKETS - 0.1%
20,000 NGP Capital Resources Co. ........................... 128,200
------------
TOTAL COMMON STOCKS
(Cost $ 30,293,226) ................................. 30,347,061
------------
RIGHTS - 0.0%
OIL, GAS & CONSUMABLE FUELS - 0.0%
17 Clearwater Natural Resources, L.P. (c) (d) (e) (f) .. 0
------------
TOTAL RIGHTS
(Cost $ 0) .......................................... 0
------------
WARRANTS - 0.0%
OIL, GAS & CONSUMABLE FUELS - 0.0%
48,956 Abraxas Petroleum Corp., Expiration
05/25/12 (c) (d) (e) ................................ 8,073
------------
TOTAL WARRANTS
(Cost $ 0) .......................................... 8,073
------------
TOTAL INVESTMENTS - 149.3%
(Cost $133,347,567) (j) ............................. 178,971,345
------------
NUMBER OF
CONTRACTS DESCRIPTION VALUE
--------- ----------------------------------------------------- ------------
CALL OPTIONS WRITTEN - (0.6%)
Enbridge, Inc.
598 @ 35 due Oct 09 ..................................... (158,470)
1,000 @ 40 due Oct 09 ..................................... (32,500)
------------
(190,970)
------------
ONEOK, Inc.
600 @ 35 due Oct 09 ..................................... (37,500)
800 @ 35 due Jan 10 ..................................... (112,000)
------------
(149,500)
------------
Page 2 See Notes to Quarterly Portfolio of Investments
ENERGY INCOME AND GROWTH FUND
PORTFOLIO OF INVESTMENTS (a) (b) - (CONTINUED)
AUGUST 31, 2009 (UNAUDITED)
NUMBER OF
CONTRACTS DESCRIPTION VALUE
--------- ----------------------------------------------------- ------------
CALL OPTIONS WRITTEN - (CONTINUED)
Spectra Energy Corp.
2 @ 15 due Sep 09 ..................................... $ (750)
225 @ 17.5 due Sep 09 ................................... (28,125)
900 @ 20 due Dec 09 ..................................... (54,000)
------------
(82,875)
------------
600 TransCanada Corp.
@ 30 due Feb 10 ..................................... (91,500)
------------
500 UGI Corp.
@ 30 due Jan 10 ..................................... (8,750)
------------
Williams Companies, Inc.
753 @ 17.5 due Nov 09 ................................... (56,475)
800 @ 17.5 due Feb 10 ................................... (112,000)
------------
(168,475)
------------
TOTAL CALL OPTIONS WRITTEN
(Premiums received $660,611) ........................ (692,070)
------------
OUTSTANDING LOAN - (35.9)% . ........................ (43,000,000)
NET OTHER ASSETS AND LIABILITIES - (12.8%) .......... (15,395,555)
------------
NET ASSETS - 100.0% . ............................... $119,883,720
============
----------
(a) All percentages shown in the Portfolio of Investments are based on net
assets.
(b) All or a portion of the securities are available to serve as collateral on
the outstanding loan.
(c) This security is restricted and cannot be offered for public sale without
first being registered under the Securities Act of 1933, as amended. Prior
to registration, restricted securities may only be resold in transactions
exempt from registration. (See Note 1D - Restricted Securities in the Notes
to Quarterly Portfolio of Investments).
(d) This security is fair valued in accordance with procedures adopted by the
Fund's Board of Trustees.
(e) Non-income producing security.
(f) This partnership has filed for protection in federal bankruptcy court.
(g) Non-income producing security which pays regular in-kind distributions.
(h) Call options were written on a portion of the Common Stock position. A
portion of this Common Stock position is pledged as collateral.
(i) Call options were written on this entire Common Stock position. All common
stocks relating to this call position are pledged as collateral.
(j) Aggregate cost for financial reporting purposes, which approximates the
aggregate cost for federal income tax purposes. As of August 31, 2009, the
aggregate gross unrealized appreciation for all securities in which there
was an excess of value over tax cost was $57,527,795 and the aggregate
gross unrealized depreciation for all securities in which there was an
excess of tax cost over value was $11,904,017.
See Notes to Quarterly Portfolio of Investments Page 3
ENERGY INCOME AND GROWTH FUND
PORTFOLIO OF INVESTMENTS (a) (b) - (CONTINUED)
AUGUST 31, 2009 (UNAUDITED)
VALUATION INPUTS
A summary of the inputs used to value the Fund's investments as of August 31,
2009 is as follows (see Note 1A - Portfolio Valuation in the Notes to Quarterly
Portfolio of Investments):
ASSETS TABLE
LEVEL 2 LEVEL 3
TOTAL MARKET LEVEL 1 SIGNIFICANT SIGNIFICANT
VALUE AT QUOTED OBSERVABLE UNOBSERVABLE
8/31/09 PRICE INPUTS INPUTS
------------ ------------ ----------- ------------
Master Limited Partnerships* .. $145,549,301 $145,549,301 $-- $ --
Canadian Income Trusts* ....... 3,066,910 3,066,910 -- --
Common Stocks* ................ 30,347,061 30,347,061 -- --
Warrants* ..................... 8,073 -- -- 8,073
------------ ------------ --- ------
Total Investments ............. $178,971,345 $178,963,272 $-- $8,073
============ ============ === ======
LIABILITIES TABLE
LEVEL 2 LEVEL 3
TOTAL MARKET LEVEL 1 SIGNIFICANT SIGNIFICANT
VALUE AT QUOTED OBSERVABLE UNOBSERVABLE
8/31/09 PRICE INPUTS INPUTS
------------ ------------ ----------- ------------
Call Options Written .......... $(692,070) $(692,070) $-- $--
========= ========= === ===
The following table presents the Fund's investments measured at fair value on a
recurring basis using significant unobservable inputs (Level 3) for the period
presented.
INVESTMENTS AT FAIR VALUE USING SIGNIFICANT
UNOBSERVABLE INPUTS (LEVEL 3) INVESTMENTS
------------------------------------------------ -----------
Balance as of November 30, 2008 ................... $ 2,806,705
Change in unrealized appreciation (depreciation) .. (2,798,632)
-----------
Balance as of August 31, 2009 ..................... $ 8,073
===========
* See the Portfolio of Investments for industry breakout.
Page 4 See Notes to Quarterly Portfolio of Investments
NOTES TO QUARTERLY PORTFOLIO OF INVESTMENTS
ENERGY INCOME AND GROWTH FUND
AUGUST 31, 2009 (UNAUDITED)
1. VALUATION AND INVESTMENT PRACTICES
A. PORTFOLIO VALUATION:
The net asset value ("NAV") of the Common Shares of Energy Income and Growth
Fund (the "Fund") is determined daily as of the close of regular trading on the
New York Stock Exchange ("NYSE"), normally 4:00 p.m. Eastern time, on each day
the NYSE is open for trading. The NAV per Common Share is calculated by dividing
the value of all assets of the Fund (including accrued dividends and interest),
less all liabilities (including accrued expenses, dividends declared but unpaid
and deferred income taxes and any borrowings of the Fund) by the total number of
shares outstanding. The Fund will rely to some extent on information provided by
the Master Limited Partnerships ("MLPs"), which is not necessarily timely, to
estimate taxable income allocable to the MLP units held in the Fund's portfolio
and to estimate the associated deferred tax asset or liability. From time to
time, the Fund will modify its estimates and/or assumptions regarding its
deferred tax liability as new information becomes available. To the extent the
Fund modifies its estimates and/or assumptions, the NAV of the Fund will likely
fluctuate.
The Fund's investments are valued daily at market value or, in the absence of
market value with respect to any portfolio securities, at fair value according
to procedures adopted by the Fund's Board of Trustees. A majority of the Fund's
assets are valued using market information supplied by third parties. In the
event that market quotations are not readily available, the pricing service does
not provide a valuation for a particular asset, or the valuations are deemed
unreliable, the Fund's Board of Trustees has designated First Trust Advisors
L.P. ("First Trust") to use a fair value method to value the Fund's securities
and investments. Additionally, if events occur after the close of the principal
markets for particular securities (e.g., domestic debt and foreign securities),
but before the Fund values its assets, that could materially affect NAV, First
Trust may use a fair value method to value the Fund's securities and
investments. The use of fair value pricing by the Fund is governed by valuation
procedures adopted by the Fund's Board of Trustees and in accordance with the
provisions of the Investment Company Act of 1940, as amended.
Portfolio securities listed on any exchange other than the NASDAQ National
Market ("NASDAQ") are valued at the last sale price on the business day as of
which such value is being determined. If there has been no sale on such day, the
securities are valued at the mean of the most recent bid and asked prices on
such day. Securities traded on the NASDAQ are valued at the NASDAQ Official
Closing Price as determined by NASDAQ. Portfolio securities traded on more than
one securities exchange are valued at the last sale price on the business day as
of which such value is being determined at the close of the exchange
representing the principal market for such securities. Portfolio securities
traded in the over-the-counter market, but excluding securities traded on the
NASDAQ, are valued at the closing bid prices. Fixed-income securities with a
remaining maturity of 60 days or more will be valued by the Fund using a pricing
service. Short-term investments that mature in less than 60 days when purchased
are valued at amortized cost.
In September 2006, the Financial Accounting Standards Board ("FASB") issued
Statement of Financial Accounting Standards No. 157, "Fair Value Measurements"
("FAS 157"), effective for fiscal years beginning after November 15, 2007. This
standard clarifies the definition of fair value for financial reporting,
establishes a framework for measuring fair value and requires additional
disclosures about the use of fair value measurements. The three levels of the
fair value hierarchy under FAS 157 are described as follows:
- Level 1 - quoted prices in active markets for identical investments
- Level 2 - other significant observable inputs (including quoted prices
for similar investments, interest rates, prepayment speeds, credit
risk, etc.)
- Level 3 - significant unobservable inputs (including the Fund's own
assumptions in determining the fair value of investments)
In April 2009, FASB issued FASB Staff Position No. 157-4, "Determining Fair
Value when the Volume and Level of Activity for the Asset or Liability Have
Significantly Decreased and Identifying Transactions That Are Not Orderly" ("FSP
157-4"). FSP 157-4 is effective for fiscal years and interim periods ending
after June 15, 2009. FSP 157-4 provides additional guidance for estimating fair
value in accordance with FAS 157, when the volume and level of activity for the
asset or liability have significantly decreased. FSP 157-4 also includes
guidance on identifying circumstances that indicate a transaction is not
orderly. FSP 157-4 requires entities to describe the inputs used in valuation
techniques used to measure fair value and changes in inputs over the period. FSP
157-4 expands the three-level hierarchy disclosure and the Level 3 roll-forward
disclosure for each major security type.
The inputs or methodology used for valuing securities are not necessarily an
indication of the risk associated with investing in those securities. A summary
of the inputs used to value the Fund's investments as of August 31, 2009 is
included in the Fund's Portfolio of Investments.
Page 5
NOTES TO QUARTERLY PORTFOLIO OF INVESTMENTS - (CONTINUED)
ENERGY INCOME AND GROWTH FUND
AUGUST 31, 2009 (UNAUDITED)
B. OPTION CONTRACTS:
The Fund has adopted Statement of Financial Accounting Standards No. 161,
"Disclosures about Derivative Instruments and Hedging Activities" ("FAS 161"),
an amendment of FASB Statement 133, which was issued in March of 2008 and is
effective for fiscal years and interim periods beginning after November 15,
2008. The Fund has written option contracts outstanding at August 31, 2009,
which are considered derivative instruments under FAS 161.
COVERED OPTIONS. The Fund may write (sell) covered call or put options
("options") on all or a portion of the common stock of energy companies held in
the Fund's portfolio as determined to be appropriate by Energy Income Partners,
LLC (the "Sub-Advisor"). The number of options the Fund can write (sell) is
limited by the amount of common stock of energy companies the Fund holds in its
portfolio. The Fund will not write (sell) "naked" or uncovered options. By
writing (selling) options, the Fund seeks to generate additional income, in the
form of premiums received for writing (selling) the options, and provide a
partial hedge against a market decline in the underlying equity security.
Options are marked-to-market daily and their value will be affected by changes
in the value and dividend rates of the underlying equity securities, changes in
interest rates, changes in the actual or perceived volatility of the securities
markets and the underlying equity securities and the remaining time to the
options' expiration. The value of options may also be adversely affected if the
market for the options becomes less liquid or smaller.
Options the Fund writes (sells) will either be exercised, expire or be cancelled
pursuant to a closing transaction. If the price of the underlying equity
security exceeds the option's exercise price, it is likely that the option
holder will exercise the option. If an option written (sold) by the Fund is
exercised, the Fund would be obligated to deliver the underlying equity security
to the option holder upon payment of the strike price. In this case, the option
premium received by the Fund will be added to the amount realized on the sale of
the underlying security for purposes of determining gain or loss. If the price
of the underlying equity security is less than the option's strike price, the
option will likely expire without being exercised. The option premium received
by the Fund will, in this case, be treated as short-term capital gain on the
expiration date of the option. The Fund may also elect to close out its position
in an option prior to its expiration by purchasing an option of the same series
as the option written (sold) by the Fund.
The options that the Fund writes (sells) give the option holder the right, but
not the obligation, to purchase a security from the Fund at the strike price on
or prior to the option's expiration date. The ability to successfully implement
the writing (selling) of covered call options depends on the ability of the
Sub-Advisor to predict pertinent market movements, which cannot be assured.
Thus, the use of options may require the Fund to sell portfolio securities at
inopportune times or for prices other than current market value, which may limit
the amount of appreciation the Fund can realize on an investment, or may cause
the Fund to hold a security that it might otherwise sell. As the writer (seller)
of a covered option, the Fund foregoes, during the option's life, the
opportunity to profit from increases in the market value of the security
covering the option above the sum of the premium and the strike price of the
option, but has retained the risk of loss should the price of the underlying
security decline. The writer (seller) of an option has no control over the time
when it may be required to fulfill its obligation as a writer (seller) of the
option. Once an option writer (seller) has received an exercise notice, it
cannot effect a closing purchase transaction in order to terminate its
obligation under the option and must deliver the underlying security to the
option holder at the exercise price.
The Fund is subject to equity price risk in the normal course of pursuing its
investment objectives. OTC options have the risk of the potential inability of
counterparties to meet the terms of their contracts. The Fund's maximum equity
price risk for purchased options is limited to the premium initially paid. In
addition, certain risks may arise upon entering into option contracts including
the risk that an illiquid secondary market will limit the Fund's ability to
close out an option contract prior to the expiration date and that a change in
the value of the option contract may not correlate exactly with changes in the
value of the securities hedged.
C. SECURITIES TRANSACTIONS:
Securities transactions are recorded as of the trade date. Realized gains and
losses from securities transactions are recorded on the identified cost basis.
Distributions received from the Fund's investments in MLPs generally are
comprised of return of capital from the MLP to the extent of the cost basis of
such MLP investments.
D. RESTRICTED SECURITIES:
The Fund may invest up to 35% of its Managed Assets, which is the gross asset
value of the Fund minus accrued liabilities (excluding the principal amount of
any borrowings), in restricted securities. Restricted securities are securities
that cannot be offered for public sale without first being registered under the
Securities Act of 1933, as amended. Prior to registration, restricted securities
may only be resold in transactions exempt from registration. The Fund holds the
restricted securities at August 31, 2009 shown in the following table. The
Page 6
NOTES TO QUARTERLY PORTFOLIO OF INVESTMENTS - (CONTINUED)
ENERGY INCOME AND GROWTH FUND
AUGUST 31, 2009 (UNAUDITED)
Fund does not have the right to demand that such securities be registered. These
securities are valued according to the valuation procedures as stated in the
Portfolio Valuation Footnote (Note 1A) and are not expressed as a discount to
the value of a comparable unrestricted security.
ACQUISITION VALUE PER CARRYING % OF
SECURITY DATE SHARES SHARE COST VALUE NET ASSETS
-------- ----------- ------- --------- ---------- ------ ----------
Clearwater Natural Resources, L.P. 08/01/05 465,471 $1.00 $8,601,560 $ -- --%
Clearwater Natural Resources, L.P. - Rights 08/01/05 17 0.00 -- -- --
Abraxas Petroleum Corp. - Warrants 05/25/07 48,956 0.16 -- 8,073 0.01
------- ---------- ------ ----
514,444 $8,601,560 $8,073 0.01%
======= ========== ====== ====
2. OPTION ACTIVITY
Written option activity for the nine months ended August 31, 2009 was as
follows:
NUMBER
OF
WRITTEN OPTIONS CONTRACTS PREMIUMS
--------------- --------- -----------
Options outstanding at November 30, 2008 .. 4,546 $ 534,868
Options Written ........................... 13,774 2,283,434
Options Expired ........................... (5,393) (898,665)
Options Exercised ......................... (4,571) (1,044,508)
Options Closed ............................ (1,578) (214,518)
------ -----------
Options outstanding at August 31, 2009 .... 6,778 $ 660,611
====== ===========
Page 7
ITEM 2. CONTROLS AND PROCEDURES.
(a) The registrant's principal executive and principal financial officers,
or persons performing similar functions, have concluded that the
registrant's disclosure controls and procedures (as defined in Rule
30a-3(c) under the Investment Company Act of 1940, as amended (the
"1940 Act") (17 CFR 270.30a-3(c))) are effective, as of a date within
90 days of the filing date of the report that includes the disclosure
required by this paragraph, based on their evaluation of these
controls and procedures required by Rule 30a-3(b) under the 1940 Act
(17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the
Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or
240.15d-15(b)).
(b) There were no changes in the registrant's internal control over
financial reporting (as defined in Rule 30a-3(d) under the 1940 Act
(17 CFR 270.30a-3(d)) that occurred during the registrant's last
fiscal quarter that have materially affected, or are reasonably likely
to materially affect, the registrant's internal control over financial
reporting.
ITEM 3. EXHIBITS.
Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of
the Sarbanes-Oxley Act of 2002 are attached hereto.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) ENERGY INCOME AND GROWTH FUND
By (Signature and Title)* /S/ JAMES A. BOWEN
-------------------------------------------------------
James A. Bowen, Chairman of the Board, President and
Chief Executive Officer
principal executive officer)
Date OCTOBER 21, 2009
----------------------------------------------------------------------------
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.
By (Signature and Title)* /S/ JAMES A. BOWEN
-------------------------------------------------------
James A. Bowen, Chairman of the Board, President and
Chief Executive Officer
principal executive officer)
Date OCTOBER 21, 2009
----------------------------------------------------------------------------
By (Signature and Title)* /S/ MARK R. BRADLEY
-------------------------------------------------------
Mark R. Bradley, Treasurer, Controller, Chief
Financial Officer and Chief Accounting Officer
(principal financial officer)
Date OCTOBER 21, 2009
----------------------------------------------------------------------------
* Print the name and title of each signing officer under his or her signature.