On October 21, 2020, Saba Capital Management, L.P. announced that on October 19, 2020, it has entered into a standstill agreement with Neuberger Berman Investment Advisers LLC. Under the terms of the standstill agreement, the Company will commence a cash tender offer for up to 25% of the Company’s outstanding shares of common stock at a price per share equal to 96.0% of the Company’s net asset value per share.