On March 30, 2019, Saba Capital Management, L.P. submitted to BlackRock Credit Allocation Income Trust a notice informing the Company of its intention to present a proposal requesting the board of directors of the Company take all necessary steps in its power to declassify the Board so that directors are elected on an annual basis starting at the next annual meeting of shareholders; such declassification shall be completed in a manner that does not affect the unexpired terms of the previously elected directors.