On May 14, 2019, Saba Capital Management, L.P announced that it has filed a preliminary proxy statement soliciting proxies and urged the shareholders to vote for its nominees; Stephen J. Flanagan, Frederic Gabriel, Thomas H. McGlade, and Jassen Trenkow to the Board of the Company and vote for its proposal to requesting the Board to take all necessary steps in its power to declassify the Board so that all trustees are elected on an annual basis starting at the next annual meeting of shareholders.