WhiteSox tickets which is serving as an independent inspectorof the elections

WhiteSox tickets The issuer did not participate in the ratingprocess other than through the medium of its public disclosure Fitch RatingsJason Pompeii, 312-368-3210, ChicagoNick P. (NYSE: PPM) (the "Fund") todayannounced the preliminary results of its Annual Meeting of Shareholders (the"Annual Meeting"). The preliminary results are subject to a final tabulation ofthe votes by IVS Associates, Inc., which is serving as an independent inspectorof the elections. Election of directorsBased on the preliminary information available at the Annual Meeting, each ofthe individuals nominated by the Board of Directors ("Board") for election byholders of both the outstanding common stock and auction preferred stock("APS"), namely Richard Q Armstrong, Alan S Bernikow, Bernard H Garil andHeather R. Higgins, received a plurality of the votes cast in the election ofdirectors and were reelected to the Board. An insufficient number of holders of the APS were present in person or by proxyat the Annual Meeting to constitute a quorum with respect to the election of thetwo directors to be elected solely by holders of the APS. Accordingly, only withrespect to the election of those two directors, the Annual Meeting was adjourneduntil 10:00 a.m., Eastern Time, on January 21, 2009, on the 16th Floor of theCBS Building located at 51 West 52nd Street, New York, New York Proposed new advisory and administration agreement.

Based on the informationavailable at the Annual Meeting, the proposed new investment advisory andadministration agreement between the Fund and UBS Global Asset Management(Americas) Inc. ("UBS Global AM") did not receive the required vote of 67 ormore of the shares present in person or by proxy at the meeting Stockholder proposals. Based on the information available at the Annual Meeting,the stockholder proposal to terminate the investment advisory agreement betweenthe Fund and UBS Global AM did not receive the required vote of 67 or more ofthe shares present in person or by proxy at the meeting. Although the precatorystockholder proposal that the Fund's board not retain UBS Global AM and certainother entities as investment manager appears to have narrowly received more thana majority of votes cast at the meeting, a greater number of votes appear tohave been cast in favor of the approval of a new advisory contract between theFund and UBS Global AM (which was subject to a higher 67 of quorum affirmativevoting requirement for passage). The Board will carefully consider therecommendation in light of these results, once the tabulation is finalized. Atthis time, the current investment advisory and administration agreement betweenthe Fund and UBS Global AM remains in place WhiteSox tickets.

WhiteSox tickets The Fund would like to thank its stockholders for their continuing support ofthe Fund and its Board of Directors. Upon receipt of the certified results fromthe inspector of the election, the Fund will announce by press release the finalresult of the inspectors tabulation. FORWARD LOOKING STATEMENTSCertain statements made above may be forward-looking statements.Actual futureresults or occurrences may differ significantly from those anticipated in anyforward-looking statements due to numerous factors.The Fund, its investmentadvisor and its affiliates, undertake no responsibility to update publicly orrevise any forward-looking statements.The inclusion of any statement in thisrelease does not constitute an admission that the events or circumstancesdescribed in such statement are material.UBS Global Asset Management Closed-End Funds Desk, 888-793-8637 Copyright Business Wire 2009. Every Yankees championship season in recent memory has had a signature moment that defined that particular postseason run.Let's take a look back, shall we1996: The One With Jim Leyritz (World Series, Game Four)The Yanks were down two-games-to-one against the defending world champion Braves and trailing by three runs in the eighth when Leyritz stepped into the box with two on against closer Mark Wohlers.That's when Wohlers made the Wohlers-like error of going away from his dominating fastball, and Leyritz made him pay by hammering a hanging slider over the left-field wall to tie the game.