"The following table provides information regarding the Fund's total return performance based on net asset value (NAV) over various time periods compared to the Fund's annualized and cumulative distribution rates.While NAV performance may be indicative of the Fund's investment performance, it does not measure the value of a shareholder's investment in the Fund. “Under the influence of Western donors, austerity became African leaders’ default coping mechanism for periods of economic stress,” writes Nicholas William Stephenson Smith, a freelance researcher and historian.For many countries SAPs widened the wealth gap rather than providing macroeconomic stability, argues Said Adejumobi, director of Southern Africa’s subregional office for the UN Economic Commission for Africa.Mr. Mauritius and Tunisia Mauritius have low levels of gender equality and high levels of human development. The table has been computed based on generally accepted accounting principles. The Africa Renewal information programme provides up-to-date information and analysis of the major economic and development challenges facing Africa today. Photo: AMO/ Esa Alexander There is no assurance that the Fund will achieve its investment objective.

A decrease in the Fund's net assets may cause an increase in the Fund's annual operating expense ratio and a decrease in the Fund's market price per share to the extent the market price correlates closely to the Fund's net asset value per share. The value of a shareholder's investment in the Fund is determined by the Fund's market price, which is based on the supply and demand for the Fund's shares in the open market.Pursuant to an exemptive order granted by the Securities and Exchange Commission on The payment of distributions in accordance with the Distribution Policy may result in a decrease in the Fund's net assets. “You have to take countries’ context into consideration,” he says, advising countries to adopt progressive taxation, invest in education and agriculture, increase direct taxation and institute efficient tax administration. The table includes estimated amounts and percentages for this distribution and for the cumulative distributions paid relating to fiscal year to date (The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. “When many more women are at the decision-making level, there is less corruption. Currently “a tiny group of 4% captures a large chunk of the income and wealth in Africa’s changing tide of capitalist progress,” he says.Inequality now threatens social cohesion on the continent. The rich (>$20/day) account for 4.8% of the population and 18.8% of total income (Figure 2). Disappointingly, 10 of the world’s 19 most unequal countries are in sub-Saharan Africa.Economic inequality, sometimes referred to as income inequality, is the unequal distribution of a country’s wealth. Globally, after 15 years, some 50% of participating countries had met that target, 30% had made progress and 20%, mostly developing countries, had not made significant progress. Past performance does not guarantee future results.If you wish to receive this information electronically, please contact Estimated Amounts of Current Monthly Distribution per share ($)Estimated Amounts of Current Monthly Distribution per share (%)Estimated Amounts of Fiscal Year to Date Cumulative Distributions per share ($)Estimated Amounts of Fiscal Year to Date Cumulative Distributions per share (%)Average Annual Total Return on NAV for the 5 Year Period Ending 06/30/2020Current Fiscal Period's Annualized Distribution Rate on NAVCopyright © 2020 PR Newswire Association LLC.

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