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Gabelli Equity Trust Inc. 2026-06-30 Investment Objective and Strategy (Unaudited) The Fund’s primary investment objective is to achieve long term growth of capital by investing primarily in a portfolio of equity securities consisting of common stock, preferred stock, convertible or exchangeable securities, and warrants and rights to purchase such securities selected by the Investment Adviser. Income is a secondary investment objective. Under normal market conditions, the Fund will invest at least 80% of the value of its total assets in equity securities. 2894317 3806104 3623320 343379420

5.94

62300000 62300000 62300000 2000 2000 2000

25000

25000 25000 25000 115370 113590 116432 27700000 27700000 27700000 1000 1000 1000

25000

25000 25000 25000 115370 113590 116432 59806000 59806000 60745000 63016000 65060000 69491000 2392000 2392000 2430000 2521000 2602000 2780000

25.00

20.50 21.06 22.07 22.11 23.59 25.66 169.06 150.12 140.75 115.37 113.59 116.43 94502000 94502000 96049000 102079000 103195000 104322000 3780000 3780000 3842000 4083000 4128000 4173000

25.00

20.55 21.09 22.10 22.15 23.58 25.55 169.06 150.12 140.75 115.37 113.59 116.43 80000000 3200000

25.00

26.03 116.43 90556000 90556000 92942000 95273000 98243000 99825000 3622000 3622000 3718000 3811000 3930000 3993000

25.00

20.68 21.12 22.10 22.24 23.70 26.40 169.06 150.12 140.75 115.37 113.59 116.43 68550000 68550000 68550000 68550000 68550000 67850000 686000 686000 686000 686000 686000 679000

100.00

100.00 100.00 100.00 100.00 100.00 100.00 676.24 600.48 563.00 461.48 454.36 465.72 29450000 14775000 295000 148000

100.00

100.00 100.00 563.00 461.48 40539000 34040000 4033000 3404000

10.00

10.00 10.00 67.62 60.05 7. Capital. The Fund’s Articles of Incorporation, as amended, permit the Fund to issue 437,024,900 shares of common stock (par value $0.001) and authorizes the Board to increase its authorized shares from time to time. The Board has authorized the repurchase of its shares on the open market when the shares are trading on the NYSE at a discount of 10% or more (or such other percentage as the Board may determine from time to time) from the NAV of the shares. During the six months ended June 30, 2026 and the years ended December 31, 2025, the Fund did not repurchase any shares of its common stock in the open market. Transactions in shares of common stock were as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"> <tr style="font: 8pt Arial, Helvetica, Sans-Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 0.5pt"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 0.5pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"> Six Months Ended June 30, 2026 (Unaudited)</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 0.5pt"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 0.5pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">Year Ended December 31, 2025</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 8pt Arial, Helvetica, Sans-Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 0.5pt"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">Shares</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 0.5pt"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">Amount</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 0.5pt"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">Shares</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 0.5pt"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">Amount</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 8pt Arial, Helvetica, Sans-Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Increase in net assets from common shares issued in rights offering </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 1%"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; width: 1%"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: right; width: 9%">31,119,670</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap; width: 1%"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 1%"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; width: 1%">$</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: right; width: 9%">155,598,350</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap; width: 1%"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 1%"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; width: 1%"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: right; width: 9%">—</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap; width: 1%"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 1%"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; width: 1%"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: right; width: 9%">—</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap; width: 1%"> </td> </tr> <tr style="font: 8pt Arial, Helvetica, Sans-Serif; background-color: White; vertical-align: bottom"> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Net increase in net assets from common shares issued upon reinvestment of distributions</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">1,063,048</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">5,888,532</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">3,952,034</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">22,437,587</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 8pt Arial, Helvetica, Sans-Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in; padding-bottom: 1.25pt">Net increase</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 8pt Arial, Helvetica, Sans-Serif; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">32,182,718</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 8pt Arial, Helvetica, Sans-Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">161,486,882</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 8pt Arial, Helvetica, Sans-Serif; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">3,952,034</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 8pt Arial, Helvetica, Sans-Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">22,437,587</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table> <p id="xdx_84C_ecef--PreferredStockRestrictionsOtherTextBlock_hcef--RiskAxis__custom--CumulativePreferredStocksMember_zt9DL1tA629l" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0; margin-bottom: 0; font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">As of December 31, 2025, the Fund had an effective shelf registration statement authorizing the issuance of additional common or preferred stock. The Fund’s Articles of Incorporation, as amended, authorize the issuance of up to 32,966,659 shares of $0.001 par value Preferred Stock. The Preferred Stock is senior to the common stock and results in the financial leveraging of the common stock. Such leveraging tends to magnify both the risks and opportunities to common stockholders. Dividends on shares of the Preferred Stock are cumulative. The Fund is required by the 1940 Act and by the Fund’s Articles Supplementary to meet certain asset coverage tests with respect to the Preferred Stock. If the Fund fails to meet these requirements and does not correct such failure, the Fund may be required to redeem, in part or in full, the Series G, Series H, Series K, Series M, and Series Q Preferred Stock at redemption prices of $25, $25, $25, $100, and $10 respectively, per share plus an amount equal to the accumulated and unpaid dividends whether or not declared on such shares in order to meet these requirements. Additionally, failure to meet the foregoing asset coverage requirements could restrict the Fund’s ability to pay dividends to common stockholders and could lead to sales of portfolio securities at inopportune times. The income received on the Fund’s assets may vary in a manner unrelated to the fixed and variable rates, which could have either a beneficial or detrimental impact on net investment income and gains available to common stockholders. On March 2, 2026, the Fund distributed one transferable right for each of the 311,196,702 common shares outstanding held on that date. Ten rights were required to purchase one additional common share at the subscription price of $5.50 per share. On April 1, 2026, the Board announced an updated subscription price of $5.00 per share and an extended expiration date of April 21, 2026. On April 28, 2026, the Fund issued 31,119,670 common shares receiving net proceeds of $154,998,350, after the deduction of estimated offering expenses of $600,000. The NAV of the Fund decreased by $0.08 per share on the day the additional shares were issued due to the additional shares being issued below NAV. On December 17, 2021, January 31, 2022, and March 28, 2022, the Fund issued 678,500 shares, 5,000 shares, and 2,000 shares, respectively, of 4.25% Series M Cumulative Preferred Shares, receiving combined net proceeds of $67,745,574, after the deduction of combined offering expenses of $804,426. The Series M Preferred Shares have a liquidation value of $100 per share, and are callable at the Fund’s option at any time on or after March 26, 2027, and have a mandatory redemption date on March 26, 2032. On January 31, 2022, the Fund redeemed and retired all Series J Preferred at the redemption price of $25.132465 per Series J Preferred, which was equal to the liquidation preference of $25.00 per share plus $0.132465 per share representing accumulated and unpaid dividends to the Redemption Date. On December 28, 2023, February 29, 2024, June 26, 2024, and March 4, 2025, the Fund issued 147,750 shares, 190,500 shares, 11,750 shares, and 50,000 shares, respectively, of 5.25% Series N Preferred, receiving total net proceeds of $39,900,000 after the deduction of estimated offering expenses of $100,000. The Series N Preferred had a liquidation value of $100 per share, was puttable in the 60-day period ending June 26, 2025. On June 26, 2024, December 26, 2024, and June 26, 2025, shareholders put 25,500, 30,000, and 25,000 Series N Preferred shares, respectively, at the liquidation preference of $100 per share. On December 26, 2025, the Fund redeemed all outstanding Series N Preferred at the liquidation preference of $100 per share. On December 26, 2025, January 7, 2026, January 23, 2026, April 20, 2026, April 28, 2026, May 18, 2026, and June 26, 2026, the Fund issued 3,404,000 shares, 230,000 shares, 19,922 shares, 240,000 shares, 20,000 shares, 200,000 shares, and 370,000 shares, respectively, of 5.20% Series Q Preferred at a liquidation preference of $10 per share. On June 26, 2026, 430,000 shares of Series Q Preferred were put back to the Fund at the liquidation preference of $10 per share. The Series Q Preferred are puttable in each 60-day period ending December 26, 2026, June 26, 2027, December 26, 2027, and June 26, 2028, and are subject to mandatory redemption on December 26, 2028. For Series C and Series E Preferred Stock the dividend rates, as set by the auction process that was generally held every seven days, were expected to vary with short term interest rates. Since February 2008, the number of shares of Series C and Series E Preferred Stock subject to bid orders by potential holders had been less than the number of shares of Series C and Series E Preferred Stock subject to sell orders. Holders that submitted sell orders had not been able to sell any or all of the Series C and Series E Preferred Stock for which they submitted sell orders. Therefore, the weekly auctions failed, and the dividend rate had been the maximum rate. For Series C and Series E Preferred Stock, the maximum auction rate is 175% of the “AA” Financial Composite Commercial Paper Rate. On January 5, 2024, the Fund concluded a tender offer for the Series C and Series E Preferred Stock. Shareholders tendered 2,435 shares of Series C Preferred and 894 shares of Series E Preferred, at the Purchase Prices of $22,500 per share plus accrued and unpaid dividends. On June 26, 2024, and June 28, 2024, the Fund redeemed all Series C Preferred Stock and Series E Preferred Stock, respectively, at the redemption prices of $25,000 per share. The Fund may redeem at any time, in whole or in part, the Series G, Series H and Series K Preferred Stock and may redeem the Series M Preferred at any time after March 26, 2027, and may redeem the Series Q Preferred at any time after December 26, 2026, at their liquidation prices plus any accrued and unpaid dividends. In addition, the Board has authorized the repurchase of the Series G, Series H, and Series K Preferred Stock in the open market at a price less than the $25 liquidation value per share. During the year ended December 31, 2025, the Fund repurchased 37,577 Series G Preferred, 61,881 Series H Preferred, and 95,450 Series K Preferred, at discounts of 16.9%, 16.8%, and 16.0%, respectively, from their liquidation preferences of $25 per share. <p id="xdx_84C_ecef--OutstandingSecuritiesTableTextBlock_hcef--RiskAxis__custom--CumulativePreferredStocksMember_zTILcPLIskAg" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0; margin-bottom: 0">The following table summarizes Cumulative Preferred Stock information: <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif">Series</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">Issue Date</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">Authorized</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">Number of Shares Outstanding at 6/30/2026</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">Net Proceeds</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">2026 Dividend Rate Range</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">Dividend Rate at 6/30/2026</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">Accrued Dividends at 6/30/2026</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> </tr> <tr style="font: 8pt Arial, Helvetica, Sans-Serif; background-color: #CCEEFF; vertical-align: bottom"> <td id="xdx_980_ecef--OutstandingSecurityTitleTextBlock_c20260630__20260630__cef--RiskAxis__custom--SeriesGCumulativePreferredStockMember_zNqKpZ4pBr1b" style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; width: 12%">G 5.000%</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 2%"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 15%; text-align: center; vertical-align: bottom">August 1, 2012</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 1%"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 1%"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td> <td id="xdx_988_ecef--OutstandingSecurityAuthorizedShares_c20260630__20260630__cef--RiskAxis__custom--SeriesGCumulativePreferredStockMember_ze3RxlJAHmRi" style="font: 8pt Arial, Helvetica, Sans-Serif; width: 9%; text-align: right">2,894,317</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 1%"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td> <td id="xdx_985_ecef--OutstandingSecurityNotHeldShares_c20260630__20260630__cef--RiskAxis__custom--SeriesGCumulativePreferredStockMember_zTVYooRY2jY7" style="font: 8pt Arial, Helvetica, Sans-Serif; width: 9%; text-align: right">2,392,242</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 1%"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left">$</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 9%; text-align: right">69,407,417</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 1%"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 9%; text-align: center; vertical-align: top">Fixed Rate</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 2%"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 9%; text-align: center">5.000%</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 1%"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left">$</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 9%; text-align: right">33,226</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 8pt Arial, Helvetica, Sans-Serif; background-color: #FFFFFF; vertical-align: bottom"> <td id="xdx_98F_ecef--OutstandingSecurityTitleTextBlock_c20260630__20260630__cef--RiskAxis__custom--SeriesHCumulativePreferredStockMember_zoKeZgNh7q3h" style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">H 5.000%</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: bottom">September 28, 2012</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left"> </td> <td id="xdx_988_ecef--OutstandingSecurityAuthorizedShares_c20260630__20260630__cef--RiskAxis__custom--SeriesHCumulativePreferredStockMember_zO5durHreyTg" style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">3,806,104</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left"> </td> <td id="xdx_98F_ecef--OutstandingSecurityNotHeldShares_c20260630__20260630__cef--RiskAxis__custom--SeriesHCumulativePreferredStockMember_zMQn5D84QEXh" style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">3,780,097</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">100,865,695</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top">Fixed Rate</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">5.000%</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">52,502</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 8pt Arial, Helvetica, Sans-Serif; background-color: #CCEEFF; vertical-align: bottom"> <td id="xdx_985_ecef--OutstandingSecurityTitleTextBlock_c20260630__20260630__cef--RiskAxis__custom--SeriesKCumulativePreferredStockMember_zwRqpYyflpoj" style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">K 5.000%</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: bottom">December 16, 2019</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left"> </td> <td id="xdx_985_ecef--OutstandingSecurityAuthorizedShares_c20260630__20260630__cef--RiskAxis__custom--SeriesKCumulativePreferredStockMember_zMAEZ9fj5Ib9" style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">3,623,320</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left"> </td> <td id="xdx_98F_ecef--OutstandingSecurityNotHeldShares_c20260630__20260630__cef--RiskAxis__custom--SeriesKCumulativePreferredStockMember_zLCqMpdfdVU7" style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">3,622,220</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">96,525,000</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top">Fixed Rate</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">5.000%</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">50,307</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 8pt Arial, Helvetica, Sans-Serif; background-color: #FFFFFF; vertical-align: bottom"> <td id="xdx_984_ecef--OutstandingSecurityTitleTextBlock_c20260630__20260630__cef--RiskAxis__custom--SeriesMCumulativePreferredStockMember_z6hokHoxYFF1" style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">M 4.250%</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: bottom">Various</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left"> </td> <td id="xdx_980_ecef--OutstandingSecurityAuthorizedShares_c20260630__20260630__cef--RiskAxis__custom--SeriesMCumulativePreferredStockMember_z7LN5zX6zILb" style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">1,000,000</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left"> </td> <td id="xdx_984_ecef--OutstandingSecurityNotHeldShares_c20260630__20260630__cef--RiskAxis__custom--SeriesMCumulativePreferredStockMember_z6FyyVQURA7d" style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">685,500</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">67,745,574</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top">Fixed Rate</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">4.250%</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">32,370</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 8pt Arial, Helvetica, Sans-Serif; background-color: #CCEEFF; vertical-align: bottom"> <td id="xdx_98B_ecef--OutstandingSecurityTitleTextBlock_c20260630__20260630__cef--RiskAxis__custom--SeriesQCumulativePreferredStockMember_zdfL4w4EX0vg" style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Q 5.200%</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: bottom">December 26, 2025</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left"> </td> <td id="xdx_985_ecef--OutstandingSecurityAuthorizedShares_c20260630__20260630__cef--RiskAxis__custom--SeriesQCumulativePreferredStockMember_zgollzZVkNsl" style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">8,000,000</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left"> </td> <td id="xdx_984_ecef--OutstandingSecurityNotHeldShares_c20260630__20260630__cef--RiskAxis__custom--SeriesQCumulativePreferredStockMember_zP3z1grIPWp7" style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">4,033,422</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">34,040,000</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top">Fixed Rate</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">5.200%</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">3,339</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> </tr> </table> The holders of Preferred Shares generally are entitled to one vote per share held on each matter submitted to a vote of stockholders of the Fund and will vote together with holders of common stock as a single class. The holders of Preferred Shares voting together as a single class also have the right currently to elect two Directors and, under certain circumstances, are entitled to elect a majority of the Board of Directors. In addition, the affirmative vote of a majority of the votes entitled to be cast by holders of all outstanding shares of the preferred shares, voting as a single class, will be required to approve any plan of reorganization adversely affecting the preferred stock, and the approval of two-thirds of each class, voting separately, of the Fund’s outstanding voting stock must approve the conversion of the Fund from a closed-end to an open-end investment company. The approval of a majority (as defined in the 1940 Act) of the outstanding preferred shares and a majority (as defined in the 1940 Act) of the Fund’s outstanding voting securities are required to approve certain other actions, including changes in the Fund’s investment objectives or fundamental investment policies. 437024900 <p id="xdx_84C_ecef--PreferredStockRestrictionsOtherTextBlock_hcef--RiskAxis__custom--CumulativePreferredStocksMember_zt9DL1tA629l" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0; margin-bottom: 0; font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">As of December 31, 2025, the Fund had an effective shelf registration statement authorizing the issuance of additional common or preferred stock. The Fund’s Articles of Incorporation, as amended, authorize the issuance of up to 32,966,659 shares of $0.001 par value Preferred Stock. The Preferred Stock is senior to the common stock and results in the financial leveraging of the common stock. Such leveraging tends to magnify both the risks and opportunities to common stockholders. Dividends on shares of the Preferred Stock are cumulative. The Fund is required by the 1940 Act and by the Fund’s Articles Supplementary to meet certain asset coverage tests with respect to the Preferred Stock. If the Fund fails to meet these requirements and does not correct such failure, the Fund may be required to redeem, in part or in full, the Series G, Series H, Series K, Series M, and Series Q Preferred Stock at redemption prices of $25, $25, $25, $100, and $10 respectively, per share plus an amount equal to the accumulated and unpaid dividends whether or not declared on such shares in order to meet these requirements. Additionally, failure to meet the foregoing asset coverage requirements could restrict the Fund’s ability to pay dividends to common stockholders and could lead to sales of portfolio securities at inopportune times. The income received on the Fund’s assets may vary in a manner unrelated to the fixed and variable rates, which could have either a beneficial or detrimental impact on net investment income and gains available to common stockholders. On March 2, 2026, the Fund distributed one transferable right for each of the 311,196,702 common shares outstanding held on that date. Ten rights were required to purchase one additional common share at the subscription price of $5.50 per share. On April 1, 2026, the Board announced an updated subscription price of $5.00 per share and an extended expiration date of April 21, 2026. On April 28, 2026, the Fund issued 31,119,670 common shares receiving net proceeds of $154,998,350, after the deduction of estimated offering expenses of $600,000. The NAV of the Fund decreased by $0.08 per share on the day the additional shares were issued due to the additional shares being issued below NAV. On December 17, 2021, January 31, 2022, and March 28, 2022, the Fund issued 678,500 shares, 5,000 shares, and 2,000 shares, respectively, of 4.25% Series M Cumulative Preferred Shares, receiving combined net proceeds of $67,745,574, after the deduction of combined offering expenses of $804,426. The Series M Preferred Shares have a liquidation value of $100 per share, and are callable at the Fund’s option at any time on or after March 26, 2027, and have a mandatory redemption date on March 26, 2032. On January 31, 2022, the Fund redeemed and retired all Series J Preferred at the redemption price of $25.132465 per Series J Preferred, which was equal to the liquidation preference of $25.00 per share plus $0.132465 per share representing accumulated and unpaid dividends to the Redemption Date. On December 28, 2023, February 29, 2024, June 26, 2024, and March 4, 2025, the Fund issued 147,750 shares, 190,500 shares, 11,750 shares, and 50,000 shares, respectively, of 5.25% Series N Preferred, receiving total net proceeds of $39,900,000 after the deduction of estimated offering expenses of $100,000. The Series N Preferred had a liquidation value of $100 per share, was puttable in the 60-day period ending June 26, 2025. On June 26, 2024, December 26, 2024, and June 26, 2025, shareholders put 25,500, 30,000, and 25,000 Series N Preferred shares, respectively, at the liquidation preference of $100 per share. On December 26, 2025, the Fund redeemed all outstanding Series N Preferred at the liquidation preference of $100 per share. On December 26, 2025, January 7, 2026, January 23, 2026, April 20, 2026, April 28, 2026, May 18, 2026, and June 26, 2026, the Fund issued 3,404,000 shares, 230,000 shares, 19,922 shares, 240,000 shares, 20,000 shares, 200,000 shares, and 370,000 shares, respectively, of 5.20% Series Q Preferred at a liquidation preference of $10 per share. On June 26, 2026, 430,000 shares of Series Q Preferred were put back to the Fund at the liquidation preference of $10 per share. The Series Q Preferred are puttable in each 60-day period ending December 26, 2026, June 26, 2027, December 26, 2027, and June 26, 2028, and are subject to mandatory redemption on December 26, 2028. For Series C and Series E Preferred Stock the dividend rates, as set by the auction process that was generally held every seven days, were expected to vary with short term interest rates. Since February 2008, the number of shares of Series C and Series E Preferred Stock subject to bid orders by potential holders had been less than the number of shares of Series C and Series E Preferred Stock subject to sell orders. Holders that submitted sell orders had not been able to sell any or all of the Series C and Series E Preferred Stock for which they submitted sell orders. Therefore, the weekly auctions failed, and the dividend rate had been the maximum rate. For Series C and Series E Preferred Stock, the maximum auction rate is 175% of the “AA” Financial Composite Commercial Paper Rate. On January 5, 2024, the Fund concluded a tender offer for the Series C and Series E Preferred Stock. Shareholders tendered 2,435 shares of Series C Preferred and 894 shares of Series E Preferred, at the Purchase Prices of $22,500 per share plus accrued and unpaid dividends. On June 26, 2024, and June 28, 2024, the Fund redeemed all Series C Preferred Stock and Series E Preferred Stock, respectively, at the redemption prices of $25,000 per share. The Fund may redeem at any time, in whole or in part, the Series G, Series H and Series K Preferred Stock and may redeem the Series M Preferred at any time after March 26, 2027, and may redeem the Series Q Preferred at any time after December 26, 2026, at their liquidation prices plus any accrued and unpaid dividends. In addition, the Board has authorized the repurchase of the Series G, Series H, and Series K Preferred Stock in the open market at a price less than the $25 liquidation value per share. During the year ended December 31, 2025, the Fund repurchased 37,577 Series G Preferred, 61,881 Series H Preferred, and 95,450 Series K Preferred, at discounts of 16.9%, 16.8%, and 16.0%, respectively, from their liquidation preferences of $25 per share. <p id="xdx_84C_ecef--OutstandingSecuritiesTableTextBlock_hcef--RiskAxis__custom--CumulativePreferredStocksMember_zTILcPLIskAg" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0; margin-bottom: 0">The following table summarizes Cumulative Preferred Stock information: <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif">Series</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">Issue Date</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">Authorized</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">Number of Shares Outstanding at 6/30/2026</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">Net Proceeds</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">2026 Dividend Rate Range</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">Dividend Rate at 6/30/2026</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">Accrued Dividends at 6/30/2026</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; padding-bottom: 1pt"> </td> </tr> <tr style="font: 8pt Arial, Helvetica, Sans-Serif; background-color: #CCEEFF; vertical-align: bottom"> <td id="xdx_980_ecef--OutstandingSecurityTitleTextBlock_c20260630__20260630__cef--RiskAxis__custom--SeriesGCumulativePreferredStockMember_zNqKpZ4pBr1b" style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; width: 12%">G 5.000%</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 2%"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 15%; text-align: center; vertical-align: bottom">August 1, 2012</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 1%"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 1%"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td> <td id="xdx_988_ecef--OutstandingSecurityAuthorizedShares_c20260630__20260630__cef--RiskAxis__custom--SeriesGCumulativePreferredStockMember_ze3RxlJAHmRi" style="font: 8pt Arial, Helvetica, Sans-Serif; width: 9%; text-align: right">2,894,317</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 1%"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left"> </td> <td id="xdx_985_ecef--OutstandingSecurityNotHeldShares_c20260630__20260630__cef--RiskAxis__custom--SeriesGCumulativePreferredStockMember_zTVYooRY2jY7" style="font: 8pt Arial, Helvetica, Sans-Serif; width: 9%; text-align: right">2,392,242</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 1%"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left">$</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 9%; text-align: right">69,407,417</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 1%"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 9%; text-align: center; vertical-align: top">Fixed Rate</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 2%"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 9%; text-align: center">5.000%</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 1%"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left">$</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 9%; text-align: right">33,226</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 8pt Arial, Helvetica, Sans-Serif; background-color: #FFFFFF; vertical-align: bottom"> <td id="xdx_98F_ecef--OutstandingSecurityTitleTextBlock_c20260630__20260630__cef--RiskAxis__custom--SeriesHCumulativePreferredStockMember_zoKeZgNh7q3h" style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">H 5.000%</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: bottom">September 28, 2012</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left"> </td> <td id="xdx_988_ecef--OutstandingSecurityAuthorizedShares_c20260630__20260630__cef--RiskAxis__custom--SeriesHCumulativePreferredStockMember_zO5durHreyTg" style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">3,806,104</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left"> </td> <td id="xdx_98F_ecef--OutstandingSecurityNotHeldShares_c20260630__20260630__cef--RiskAxis__custom--SeriesHCumulativePreferredStockMember_zMQn5D84QEXh" style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">3,780,097</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">100,865,695</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top">Fixed Rate</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">5.000%</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">52,502</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 8pt Arial, Helvetica, Sans-Serif; background-color: #CCEEFF; vertical-align: bottom"> <td id="xdx_985_ecef--OutstandingSecurityTitleTextBlock_c20260630__20260630__cef--RiskAxis__custom--SeriesKCumulativePreferredStockMember_zwRqpYyflpoj" style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">K 5.000%</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: bottom">December 16, 2019</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left"> </td> <td id="xdx_985_ecef--OutstandingSecurityAuthorizedShares_c20260630__20260630__cef--RiskAxis__custom--SeriesKCumulativePreferredStockMember_zMAEZ9fj5Ib9" style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">3,623,320</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left"> </td> <td id="xdx_98F_ecef--OutstandingSecurityNotHeldShares_c20260630__20260630__cef--RiskAxis__custom--SeriesKCumulativePreferredStockMember_zLCqMpdfdVU7" style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">3,622,220</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">96,525,000</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top">Fixed Rate</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">5.000%</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">50,307</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 8pt Arial, Helvetica, Sans-Serif; background-color: #FFFFFF; vertical-align: bottom"> <td id="xdx_984_ecef--OutstandingSecurityTitleTextBlock_c20260630__20260630__cef--RiskAxis__custom--SeriesMCumulativePreferredStockMember_z6hokHoxYFF1" style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">M 4.250%</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: bottom">Various</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left"> </td> <td id="xdx_980_ecef--OutstandingSecurityAuthorizedShares_c20260630__20260630__cef--RiskAxis__custom--SeriesMCumulativePreferredStockMember_z7LN5zX6zILb" style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">1,000,000</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left"> </td> <td id="xdx_984_ecef--OutstandingSecurityNotHeldShares_c20260630__20260630__cef--RiskAxis__custom--SeriesMCumulativePreferredStockMember_z6FyyVQURA7d" style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">685,500</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">67,745,574</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top">Fixed Rate</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">4.250%</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">32,370</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 8pt Arial, Helvetica, Sans-Serif; background-color: #CCEEFF; vertical-align: bottom"> <td id="xdx_98B_ecef--OutstandingSecurityTitleTextBlock_c20260630__20260630__cef--RiskAxis__custom--SeriesQCumulativePreferredStockMember_zdfL4w4EX0vg" style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Q 5.200%</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: bottom">December 26, 2025</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left"> </td> <td id="xdx_985_ecef--OutstandingSecurityAuthorizedShares_c20260630__20260630__cef--RiskAxis__custom--SeriesQCumulativePreferredStockMember_zgollzZVkNsl" style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">8,000,000</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left"> </td> <td id="xdx_984_ecef--OutstandingSecurityNotHeldShares_c20260630__20260630__cef--RiskAxis__custom--SeriesQCumulativePreferredStockMember_zP3z1grIPWp7" style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">4,033,422</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">34,040,000</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top">Fixed Rate</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">5.200%</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left"> </td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">3,339</td> <td style="font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; white-space: nowrap"> </td> </tr> </table> G 5.000% 2894317 2392242 H 5.000% 3806104 3780097 K 5.000% 3623320 3622220 M 4.250% 1000000 685500 Q 5.200% 8000000 4033422 The holders of Preferred Shares generally are entitled to one vote per share held on each matter submitted to a vote of stockholders of the Fund and will vote together with holders of common stock as a single class. The holders of Preferred Shares voting together as a single class also have the right currently to elect two Directors and, under certain circumstances, are entitled to elect a majority of the Board of Directors. In addition, the affirmative vote of a majority of the votes entitled to be cast by holders of all outstanding shares of the preferred shares, voting as a single class, will be required to approve any plan of reorganization adversely affecting the preferred stock, and the approval of two-thirds of each class, voting separately, of the Fund’s outstanding voting stock must approve the conversion of the Fund from a closed-end to an open-end investment company. The approval of a majority (as defined in the 1940 Act) of the outstanding preferred shares and a majority (as defined in the 1940 Act) of the Fund’s outstanding voting securities are required to approve certain other actions, including changes in the Fund’s investment objectives or fundamental investment policies.