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nbsp;deficit would trigger an average trade weighted depreciation of the dollar of about 20 percent, and a depreciation against the euro "of perhaps twice that much. The subscription price (the "Subscription Price") will be the greater of: (i) the Fund's net asset value per share ("NAV"), or (ii) 95% of the average trade weighted market price of the Fund's common stock at the expiration of the Offer, August 17, 2007 (the "Expiration Date"), unless extended. The trade weighted dollar fell 9 percent between 1985, when the Plaza Agreement was negotiated, and 1987, when it was reversed by the |
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