On March 18, 2020, Saba Capital Management, L.P., has filed a definitive proxy statement soliciting proxies and urged the shareholders to vote for its nominees David Basile, Peter Borish, and Charles Clarvit to the Company board by voting on its proxy card and requested the board 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.