London Company will act in a prudent and diligent manner intended to enhance the economic value of the assets of the Equity and IncomeFund's account and will give substantial weight to the recommendation of management on any issue.
The fund invests (i) equities (ii) convertible securities of U.S. companies without regard to market capitalization and (iii) employs short selling and enters into total return swaps to enhanceincome and hedge against market risk.