Activist campaigns on closed-end funds and BDCs

Funds where an activist investor owns 5% or more and has filed a Schedule 13D with the SEC.

• ECF Ellsworth Growth and Income Fund Ltd.: Saba Capital Management, L.P. 13.5%
• TCPC BlackRock TCP Capital Corp: Saba Capital Management, L.P. 7.1%
• VVR Invesco Senior Income Trust: Saba Capital Management, L.P. 5.2%
• MSIF MSC Income Fund, Inc.: Main Street Capital CORP 5.0%
• BGX Blackstone Long-Short Credit Income Fund: Saba Capital Management, L.P. 6.9%
• WIA Western Asset Inflation-Linked Income Fund: Karpus Management, Inc. 38.8%
• PEO Adams Natural Resources Fund, Inc.: Saba Capital Management, L.P. 7.3%, Rescind vote-stripping provisions
• GF The New Germany Fund, Inc.: Saba Capital Management, L.P. 23.0%
• MXF The Mexico Fund, Inc.: Saba Capital Management, L.P. 16.6%
• KTF DWS Municipal Income Trust: Sit Investment Associates, Inc. 22.9%, NAV liquidity event, fee refund
• EVV Eaton Vance Limited Duration Income Fund: Sit Investment Associates, Inc. 7.7%
• ECAT BlackRock ESG Capital Allocation Term Trust: Saba Capital Management, L.P. 12.7%, Board seats
• MGF Aberdeen Government Markets Income Fund: Sit Investment Associates, Inc. 36.7%, Oppose MFS reorganization
• GRX The Gabelli Healthcare & Wellness Trust: Saba Capital Management, L.P. 14.3%
• MIN Aberdeen Intermediate Income Fund: Sit Investment Associates, Inc. 29.9%, Oppose MFS reorganization
• RMT Royce Micro-Cap Trust, Inc.: Saba Capital Management, L.P. 7.1%
• ASA ASA Gold and Precious Metals: Saba Capital Management, L.P. 32.2%, Convert ASA to a BDC
• IIF Morgan Stanley India Investment Fund, Inc.: Saba Capital Management, L.P. 9.0%
• PPT Franklin Premier Income Trust: Sit Investment Associates, Inc. 30.1%
• AFB AllianceBernstein National Municipal Income Fund, Inc.: Karpus Management, Inc. 12.6%
• GAM General American Investors: Saba Capital Management, L.P. 7.3%
• EQS Equus Total Return, Inc.: Howard Todd Horberg 5.6%
• GDV Gabelli Dividend & Income Trust: Saba Capital Management, L.P. 5.3%, Board seat
• HFRO Highland Opportunities and Income Fund: Saba Capital Management, L.P. 10.5%
• GLO Clough Global Opportunities Fund: Saba Capital Management, L.P. 8.2%
• DMB BNY Mellon Municipal Bond Infrastructure Fund, Inc.: Saba Capital Management, L.P. 8.5%, Board seat
• PIM Franklin Master Intermediate Income Trust: Sit Investment Associates, Inc. 47.2%
• BSTZ BlackRock Science and Technology Term Trust: Saba Capital Management, L.P. 7.9%, Terminate management agreement
• FMY First Trust Mortgage Income Fund: Sit Investment Associates, Inc. 54.1%
• KF The Korea Fund, Inc.: Saba Capital Management, L.P. 5.1%
• EVG Eaton Vance Short Duration Diversified Income Fund: Sit Investment Associates, Inc. 5.2%
• DSM BNY Mellon Strategic Municipal Bond Fund, Inc.: Saba Capital Management, L.P. 10.3%, Board seat; merger
• LEO BNY Mellon Strategic Municipals, Inc.: Saba Capital Management, L.P. 9.8%, Board seat; merger
• SABA Saba Capital Income & Opportunities Fund II: Saba Capital Management, L.P. 8.1%
• DMA Destra Multi-Alternative Fund: Saba Capital Management, L.P. 24.9%, Board seats
• FINS Angel Oak Financial Strategies Income Term Trust: Karpus Management, Inc. 16.5%
• NRK Nuveen New York AMT-Free Quality Municipal Income Fund: Karpus Management, Inc. 19.6%, Board seats, terminate advisory agreement
• BKT BlackRock Income Trust, Inc.: Sit Investment Associates, Inc. 14.2%
• NBXG Neuberger Next Generation Connectivity Fund Inc.: Saba Capital Management, L.P. 9.7%, Declassify board
• BMEZ BlackRock Health Sciences Term Trust: Saba Capital Management, L.P. 20.0%, Tender offer
• CEV Eaton Vance California Municipal Income Trust: Sit Investment Associates, Inc. 0.0%
• NEA Nuveen AMT-Free Quality Municipal Income Fund: Karpus Management, Inc. 0.0%, Self-tender or open-ending
• EIM Eaton Vance Municipal Bond Fund: Karpus Management, Inc. 0.0%, Tender offer
• NPFD Nuveen Variable Rate Preferred & Income Fund: Saba Capital Management, L.P. 5.6%, Board seats
• EMO ClearBridge Energy Midstream Opportunity Fund Inc: Saba Capital Management, L.P. 23.5%, Rescind vote-stripping provisions
• TDF Templeton Dragon Fund, Inc.: City of London Investment Management Company Limited 0.0%