The Fund, under normal conditions, invests at least 80 percent of its net assets (plus any borrowings for investment purposes) in equity securities of companies that pay dividends during normal market conditions. The Funds investments in equity securities may include common stocks, preferred stocks and convertible securities. The Fund may invest in the equity securities of companies of any market capitalization. To assist the Advisers portfolio management process, the Adviser may purchase and write put and call options in an effort to (i) generate additional income and reduce volatility in the portfolio, (ii) remove or add securities from the portfolio (i.e., convertible securities), (iii) facilitate total return opportunities, and (iv) hedge against market risks or other risks in the Funds portfolio.