On February 8, 2019, Saba Capital Management, L.P. submitted to Invesco Dynamic Credit Opportunities Fund a proposal requesting that the Board take all necessary steps in its power to declassify the Board so that all directors are elected on an annual basis starting at the next annual meeting of shareholders. In addition, Saba Capital stated that such declassification shall be completed in a manner that does not affect the unexpired terms of the previously elected trustees.