April 21, 2005, New York City, Metropolitan Club

The Awards are based on nominations by a committee of analysts who actively follow CEFs and ETFs. They are presented within the context of the Annual Forum on Closed-End Funds & Global ETFs.

Herb Blank
President, QED International Associates, Inc.

Mariana Bush
Closed-End Funds & Exchange-Traded Funds Analyst, Wachovia Securities

Don Cassidy
Senior Research Analyst, Lipper, Inc.

Dennis Emanuel
Managing Director, Closed-End Fund & ETF Research, Smith Barney

Susan P. Gulshan
Vice President, CEF Secondary Marketing Specialist, Merrill Lynch

Amy Hawkins
Director Closed-End Fund Research, Raymond James & Associates

Dodd Kittsley
Analyst, Morgan Stanley

Paul Mazzilli
Executive Director ETF Research, Morgan Stanley

Jon Maier
Director, Closed-End Funds and Business, Development Companies, UBS Investment Research

Edward McRedmond
Associate V.P., Senior Analyst, Fund Analysis, A.G. Edwards

Scott Mixon
Analyst, UBS Investment Research

Michael Porter
Senior Research Analyst, Lipper, Inc.

Alex Reiss
Senior Closed-End Fund Analyst, Ryan Beck & Co.

Kristoph Rollenhangen
Corporate Senior V.P., Analyst-Director ETFs & CEFs Research, Prudential Financial

Frank Sileo
Analyst, Closed-End Fund & ETF Research, Smith Barney