ITEM 77M: Mergers
Xxx Xxxxxx California Value Municipal Income Trust ("Acquiring Fund")
On November 22, 2005, at a Special Meeting of Shareholders of Xxx
Xxxxxx California Municipal Trust (the "Target Fund"), shareholders of the
Target Fund approved an Agreement and Plan of Reorganization (the
"Reorganization Agreement") between the Acquiring Fund and the Target Fund,
pursuant to which substantially all of the assets of the Target Fund would be
combined with those of the Acquiring Fund and shareholders of the Target Fund
would receive shares of the Acquiring Fund with a value equal to the value of
their holdings in Target Fund (the "Reorganization"). The Reorganization
Agreement was unanimously approved by the Board of Trustees on February 3, 2005.
On December 2, 2005, the Reorganization between the Target Fund
and the Acquiring Fund was completed according to the terms set forth in each
Reorganization Agreement.
