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 decrease of approximately $10.9 million or $.45 per share, effective April 30, 2009. The fair values of the following portfolio companies were adjusted: Amersham Corporation, Custom Alloy Corporation, Dakota Growers Pasta Company, FolioFN, Inc., Ohio Medical Corporation, PreVisor, Inc., SGDA Sanierungsgesellschaft fur Deponien und Altlasten mbH and Vendio Services, Inc.

Consistent with the Fund's valuation procedures and FAS 157, the Valuation Committee took into account many factors including the performance of its portfolio companies as well as the impact of changes in market multiples within certain sectors.

The Fund's net asset value as of April 30, 2009 is approximately $16.85 per share.