On June 14, 2019, Saba Capital Management, L.P announced that it entered into a standstill agreement with the Invesco Dynamic Credit Opportunities Fund and Invesco Advisors, Inc. Saba Capital Management stated that the standstill parties agreed, among other things, and subject to certain conditions, that the Board of Trustees of the Company will cause the Company to commence a tender offer to purchase for cash 15% of its outstanding common shares at a price per common share equal to 98.5% of the Company’s net asset value, subject to certain terms and conditions, with such tender offer to be completed not prior to December 1, 2019 and not later than January 1, 2020. In addition, Saba Capital agreed to withdraw its proposed nominees to serve as trustees of the Company as well as its proposal seeking a shareholder vote regarding the classified board structure of the Company and agreed to tender all of its then-owned common shares of the Company in the tender offer.