On July 22, 2022, , Saba Capital announced that it has entered into a standstill agreement with the Delaware Management Company, in which Saba Capital agreed to tender all the common shares then owned by Saba Capital and one or more private funds and accounts managed by Saba Private Funds in the tender offer. in addition, Saba covenants and agrees that, in connection with the 2022 Annual meeting of shareholders of the funds, Saba will withdraw its nine Trustee nominations submitted on May 2, 2022 and not solicit against, contest, or otherwise oppose the Fund's nominations for the Board of Trustees for the Annual Meeting.