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Proxy
Voting Disclosure
DISCLOSURE CONTROL AND PROCEDURES
FORM N-PX
PROXIES:
VOTING
Voting of Proxies.
After discussion, the Pearl Mutual Fund's Board by unanimous vote adopted this resolution:
RESOLVED, that
proxies received with respect to portfolio securities held by each of
Pearl Total Return Fund and Pearl Aggressive Growth Fund shall be voted
by the Trust’s Manager, Pearl Management Company, in the manner required
by applicable law or in accordance with the Manager’s judgment to the
extent that the applicable law permits exercise of judgment.
Investment Company Act
of 1940 provides in 12d1E(iii)(aa):
..to vote the shares
held by it in the same proportion as the vote of all other holders of
such security, …
Procedures:
All proxy requests are
reviewed by the Compliance Associate. Anything out of the ordinary is referred to either
the Executive Vice President
or the Senior Portfolio Manager for review.
All proxy votes are
entered on a spreadsheet in the format of the N-PX form.
Both funds cast their
votes as follows: In accordance with Section 12(d)(l)(f) of the Investment
Company Act of 1940, voted shares in the same proportion as the vote of all
other shareholders.
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