ITEM 8.01. OTHER EVENTS.

As part of its regular quarter-end review, the Fund's Valuation Committee made determinations regarding the fair values of the Fund's investments, resulting in an aggregate net increase of approximately $6.4 million or $.26 per share, effective October 31, 2008. The fair values of the following portfolio companies were adjusted: Amersham Corporation, BP Clothing, LLC, Custom Alloy Corporation, Henry Company, MVC Automotive Group B.V., MVC Partners, LLC, Octagon Credit Investors, LLC, PreVisor, Inc., SGDA Sanierungsgesellschaft fur Deponien und Altlasten mbH, Summit Research Labs, Inc., Timberland Machines & Irrigation, Inc., Total Safety U.S., Inc. , Vendio Services, Inc., Velocitius B.V., Vestal Manufacturing Enterprises, Inc., and Vitality Foodservices, Inc.

The Fund's net asset value as of October 31, 2008 is approximately $17.33 per share.