Notice and Access Beneficial Pricing

Broadridge is using the fees listed below to bill issuers and mutual funds on behalf of banks and brokers. There are no set fees established by the NYSE and SEC for the Notice and Access method of proxy material distribution. Broadridge will invoice issuers and mutual funds for our bank and broker nominees on whose behalf we will be performing the services necessary for Notice and Access.

• All current NYSE fees remain in place except where noted below
• N&A fee will be an incremental fee for all positions in an issuer's or mutual fund's job when N&A is chosen
• These incremental fees are:

Positions 1 - 6,000:	$1,500
The next Positions 6,001 - 10,000:	$.25
The next Positions 10,001 - 100,000:	$.20
The next Positions 100,001 - 200,000:	$.15
The next Positions 200,001 - 500,000:	$.10
The next Positions ≥ 500,001:	$.05

• Other:
  • 2nd mailing fees are the same as reminder mailing fees - $.40/position
  • Paper and postage elimination fees are reduced to $ .40 for issuers with less than 200,000 shareholder positions and $ .25 for issuers with more than 200,000 positions
  • Standard stratification are included: full packages and Notices for positions of 20,000 shares or more will be sent UPSMI
  • Non-standard stratification fees of $.05/position - minimum of $500, maximum of $5,000 - remain in place: non-standard stratification includes any hybrid mailing combination other than prior consents receiving full packages, as well as any break point for mail class other than the 20,000 share point
  • There are no incremental fees for any fulfillment transactions
• Issuer or mutual fund is responsible for all print, forms, postage, and vote return processing costs
• These fees do not include document conversion, web hosting or materials management
• If you want an individual cost benefit analysis click here to contact your local representative