To assist with year-end investment and tax planning strategies, OppenheimerFunds is providing a list of preliminary estimates of capital gains distributions by our funds. Also available in the document is a calendar that shows the scheduled ex-dates for these distributions by fund.

Please note that the estimates are subject to change between now and the expected payment dates due to market movements, fund cash flows, ongoing portfolio transactions and other factors. The exact amounts to be paid by a fund will be available on the fund’s payable date. The listed distribution dates are also subject to change.