<SEC-DOCUMENT>0000902664-19-002091.txt : 20190502
<SEC-HEADER>0000902664-19-002091.hdr.sgml : 20190502
<ACCEPTANCE-DATETIME>20190502171546
ACCESSION NUMBER:		0000902664-19-002091
CONFORMED SUBMISSION TYPE:	SC 13D
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20190502
DATE AS OF CHANGE:		20190502

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BLACKROCK CREDIT ALLOCATION INCOME TRUST
		CENTRAL INDEX KEY:			0001379384
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		SC 13D
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-84412
		FILM NUMBER:		19793056

	BUSINESS ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		STREET 2:		MUTUAL FUND DEPARTMENT
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809
		BUSINESS PHONE:		888-825-2257

	MAIL ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		STREET 2:		MUTUAL FUND DEPARTMENT
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACKROCK CREDIT ALLOCATION INCOME TRUST IV
		DATE OF NAME CHANGE:	20091113

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACKROCK PREFERRED & EQUITY ADVANTAGE TRUST
		DATE OF NAME CHANGE:	20070629

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BlackRock Preferred & Equity Advantage Trust
		DATE OF NAME CHANGE:	20061115

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Saba Capital Management, L.P.
		CENTRAL INDEX KEY:			0001510281
		IRS NUMBER:				800361690
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D

	BUSINESS ADDRESS:	
		STREET 1:		405 LEXINGTON AVENUE
		STREET 2:		58TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10174
		BUSINESS PHONE:		212-542-4635

	MAIL ADDRESS:	
		STREET 1:		405 LEXINGTON AVENUE
		STREET 2:		58TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10174
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D
<SEQUENCE>1
<FILENAME>p19-1096sc13d.htm
<DESCRIPTION>BLACKROCK CREDIT ALLOCATION INCOME TRUST
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
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<BODY>


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; width: 99%; padding-right: 5.4pt; padding-left: 5.4pt; font: 12pt Times New Roman, Times, Serif; text-align: center">UNITED STATES</TD>
    <TD STYLE="width: 1%; font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">SECURITIES AND EXCHANGE COMMISSION</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">Washington, D.C. 20549</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">SCHEDULE 13D</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">Under the Securities Exchange Act of 1934</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">(Amendment No.)*</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.75pt solid">Blackrock
        Credit Allocation Income Trust</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">(Name of Issuer)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.75pt solid">Common Shares,
        $0.0001 par value</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">(Title of Class of Securities)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.75pt solid">092508100</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">(CUSIP Number)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
<DIV STYLE="margin-right: 32.3pt; margin-left: 37.5pt; padding: 0in 0in 1pt; border-bottom: Black 0.5pt solid">

        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Saba Capital Management, L.P.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">405 Lexington Avenue</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">58th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">New York, NY 10174</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Attention: Michael D'Angelo</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(212) 542-4635</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>with a copy to:</I></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Eleazer Klein, Esq.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Schulte Roth &amp; Zabel LLP</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0">919 Third Avenue</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">New York, New York 10022</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(212) 756-2000</P>
</DIV></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">(Name, Address and Telephone Number of Person</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">Authorized to Receive Notices and Communications)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.75pt solid">April 29,
        2019</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">(Date of Event Which Requires Filing of This Statement)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">If the filing person has previously filed a statement on Schedule
13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e),
Rule 13d-1(f) or Rule 13d-1(g), check the following box. []&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">(Page <FONT STYLE="font-size: 11pt">1</FONT>
of 9 Pages)</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">______________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing
information which would alter disclosures provided in a prior cover page.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The information required on the remainder of this cover page shall
not be deemed to be &quot;filed&quot; for the purpose of Section 18 of the Securities Exchange Act of 1934 (&quot;<U>Act</U>&quot;)
or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 16pt"><B>1</B></FONT></TD>
    <TD COLSPAN="4" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 3pt 0 0">NAME OF REPORTING PERSON</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.25in">Saba Capital Management, L.P.</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 16pt"><B>2</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3pt; padding-right: 6pt; padding-left: 6pt"><FONT STYLE="font-size: 9pt">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 3pt 0 0">(a) <FONT STYLE="font-family: Wingdings; font-size: 16pt">&#168;</FONT></P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">(b) <FONT STYLE="font-family: Wingdings; font-size: 16pt">&#168;</FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 16pt"><B>3</B></FONT></TD>
    <TD COLSPAN="4" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3pt; padding-right: 6pt; padding-left: 6pt"><FONT STYLE="font-size: 9pt">SEC USE ONLY</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 16pt"><B>4</B></FONT></TD>
    <TD COLSPAN="4" STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 3pt 0 0">SOURCE OF FUNDS</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.25in">OO (see Item 3)</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 16pt"><B>5</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3pt; padding-bottom: 6pt"><FONT STYLE="font-size: 9pt">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3pt; padding-right: 6pt; padding-left: 6pt"><FONT STYLE="font-family: Wingdings; font-size: 16pt">&#168;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 16pt"><B>6</B></FONT></TD>
    <TD COLSPAN="4" STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 3pt 0 0">CITIZENSHIP OR PLACE OF ORGANIZATION</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.25in">Delaware</P></TD></TR>
<TR>
    <TD ROWSPAN="4" STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3pt; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-size: 9pt">NUMBER OF</FONT><BR>
<FONT STYLE="font-size: 9pt">SHARES</FONT><BR>
<FONT STYLE="font-size: 9pt">BENEFICIALLY</FONT><BR>
<FONT STYLE="font-size: 9pt">OWNED BY</FONT><BR>
<FONT STYLE="font-size: 9pt">EACH</FONT><BR>
<FONT STYLE="font-size: 9pt">REPORTING</FONT><BR>
<FONT STYLE="font-size: 9pt">PERSON WITH:</FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 16pt"><B>7</B></FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 3pt 0 0">SOLE VOTING POWER</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.25in">-0-</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 16pt"><B>8</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 3pt 0 0">SHARED VOTING POWER</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.25in">5,433,237</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 16pt"><B>9</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 3pt 0 0">SOLE DISPOSITIVE POWER</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.25in">-0-</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 16pt"><B>10</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 3pt 0 0">SHARED DISPOSITIVE POWER</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.25in">5,433,237</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 16pt"><B>11</B></FONT></TD>
    <TD COLSPAN="4" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 3pt 0 0">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.25in">5,433,237</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 16pt"><B>12</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3pt; padding-right: 6pt; padding-left: 6pt"><FONT STYLE="font-size: 9pt">CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3pt; padding-right: 6pt; padding-left: 6pt"><FONT STYLE="font-family: Wingdings; font-size: 16pt">&#168;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 16pt"><B>13</B></FONT></TD>
    <TD COLSPAN="4" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 3pt 0 0">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.25in">5.18%<SUP>1</SUP></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 16pt"><B>14</B></FONT></TD>
    <TD COLSPAN="4" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 3pt 0 0">TYPE OF REPORTING PERSON</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.25in">PN; IA</P></TD></TR>
<TR>
    <TD STYLE="width: 16%">&nbsp;</TD>
    <TD STYLE="width: 13%">&nbsp;</TD>
    <TD STYLE="width: 59%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">_________________________________</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><SUP>1</SUP></FONT> <FONT STYLE="font-size: 11pt">The
percentages used herein are calculated based upon 104,922,963 shares of common stock outstanding as of 10/31/2018, as disclosed
in the company's N-CSR filed 1/4/2019.&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 16pt"><B>1</B></FONT></TD>
    <TD COLSPAN="4" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 3pt 0 0">NAME OF REPORTING PERSON</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.25in">Boaz R. Weinstein</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 16pt"><B>2</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3pt; padding-right: 6pt; padding-left: 6pt"><FONT STYLE="font-size: 9pt">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 3pt 0 0">(a) <FONT STYLE="font-family: Wingdings; font-size: 16pt">&#168;</FONT></P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">(b) <FONT STYLE="font-family: Wingdings; font-size: 16pt">&#168;</FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 16pt"><B>3</B></FONT></TD>
    <TD COLSPAN="4" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3pt; padding-right: 6pt; padding-left: 6pt"><FONT STYLE="font-size: 9pt">SEC USE ONLY</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 16pt"><B>4</B></FONT></TD>
    <TD COLSPAN="4" STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 3pt 0 0">SOURCE OF FUNDS</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.25in">OO (see Item 3)</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 16pt"><B>5</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3pt; padding-bottom: 6pt"><FONT STYLE="font-size: 9pt">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3pt; padding-right: 6pt; padding-left: 6pt"><FONT STYLE="font-family: Wingdings; font-size: 16pt">&#168;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 16pt"><B>6</B></FONT></TD>
    <TD COLSPAN="4" STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 3pt 0 0">CITIZENSHIP OR PLACE OF ORGANIZATION</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.25in">United States</P></TD></TR>
<TR>
    <TD ROWSPAN="4" STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3pt; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-size: 9pt">NUMBER OF</FONT><BR>
<FONT STYLE="font-size: 9pt">SHARES</FONT><BR>
<FONT STYLE="font-size: 9pt">BENEFICIALLY</FONT><BR>
<FONT STYLE="font-size: 9pt">OWNED BY</FONT><BR>
<FONT STYLE="font-size: 9pt">EACH</FONT><BR>
<FONT STYLE="font-size: 9pt">REPORTING</FONT><BR>
<FONT STYLE="font-size: 9pt">PERSON WITH:</FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 16pt"><B>7</B></FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 3pt 0 0">SOLE VOTING POWER</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.25in">-0-</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 16pt"><B>8</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 3pt 0 0">SHARED VOTING POWER</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.25in">5,433,237</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 16pt"><B>9</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 3pt 0 0">SOLE DISPOSITIVE POWER</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.25in">-0-</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 16pt"><B>10</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 3pt 0 0">SHARED DISPOSITIVE POWER</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.25in">5,433,237</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 16pt"><B>11</B></FONT></TD>
    <TD COLSPAN="4" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 3pt 0 0">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.25in">5,433,237</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 16pt"><B>12</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3pt; padding-right: 6pt; padding-left: 6pt"><FONT STYLE="font-size: 9pt">CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3pt; padding-right: 6pt; padding-left: 6pt"><FONT STYLE="font-family: Wingdings; font-size: 16pt">&#168;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 16pt"><B>13</B></FONT></TD>
    <TD COLSPAN="4" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 3pt 0 0">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.25in">5.18%<SUP>1</SUP></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 16pt"><B>14</B></FONT></TD>
    <TD COLSPAN="4" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 3pt 0 0">TYPE OF REPORTING PERSON</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.25in">IN</P></TD></TR>
<TR>
    <TD STYLE="width: 16%">&nbsp;</TD>
    <TD STYLE="width: 13%">&nbsp;</TD>
    <TD STYLE="width: 59%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">____________________________</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><SUP>1</SUP> The percentages used herein are calculated based upon
104,922,963 shares of common stock outstanding as of 10/31/2018, as disclosed in the company's N-CSR filed 1/4/2019.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 11%; padding-right: 5.75pt; padding-left: 5.75pt; font: 12pt Times New Roman, Times, Serif"><B>Item 1.</B></TD>
    <TD STYLE="width: 89%; padding-right: 5.75pt; padding-left: 5.75pt; font: 12pt Times New Roman, Times, Serif"><B>SECURITY AND ISSUER</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="letter-spacing: -0.1pt">This statement on Schedule 13D (the &quot;<U>Schedule 13D</U>&quot;) relates to the </FONT>common shares <FONT STYLE="letter-spacing: -0.1pt">(the &quot;<U>Common Shares</U>&quot;), of </FONT>BlackRock Credit Allocation Income Trust <FONT STYLE="letter-spacing: -0.1pt">(the &quot;<U>Issuer</U>&quot;). The Issuer's principal executive offices are located at </FONT>100 Bellevue Parkway, Wilmington, DE 19809<FONT STYLE="font-size: 11pt">.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt"><B>Item 2.</B></TD>
    <TD COLSPAN="2" STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt"><B>IDENTITY AND BACKGROUND</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">(a)</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">This Schedule 13D is filed by:</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 11%; padding-right: 5.75pt; padding-left: 5.75pt; font: 12pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 6%; padding-right: 5.75pt; padding-left: 5.75pt; font: 12pt Times New Roman, Times, Serif">(i)</TD>
    <TD STYLE="width: 83%; padding-right: 5.75pt; padding-left: 5.75pt; font: 12pt Times New Roman, Times, Serif">Saba Capital Management, L.P., a Delaware limited partnership (&quot;<U>Saba Capital</U>&quot;); and</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">(ii)</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">Mr. Boaz R. Weinstein (&quot;<U>Mr. Weinstein</U>&quot;).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">This statement is being jointly filed by Saba Capital and Mr. Weinstein (together, the &quot;<U>Reporting Persons</U>&quot;).&nbsp;&nbsp;Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">Information required by Instruction C of Schedule 13D with respect to the Reporting Person is set forth herein.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">The filing of this statement should not be construed as an admission that any Reporting Person is, for the purposes of Sections 13 of the Securities Exchange Act of 1934, the beneficial owner of the Common Shares reported herein.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">(b)</TD>
    <TD COLSPAN="2" STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">The address of the business office of each of the Reporting Persons is 405 Lexington Avenue, 58<SUP>th</SUP> Floor, New York, New York 10174.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">(c)</TD>
    <TD COLSPAN="2" STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">The principal business of: (i) Saba Capital is to serve as investment manager to various investment funds and/or accounts and (ii) Mr. Weinstein, an individual, is investment management and serving as the managing member of the general partner of Saba Capital and other affiliated entities.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">(d)</TD>
    <TD COLSPAN="2" STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">The Reporting Persons have not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">(e)</TD>
    <TD COLSPAN="2" STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">The Reporting Persons have not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, was, or is subject to, a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws.</TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 11%; padding-right: 5.75pt; padding-left: 5.75pt; font: 12pt Times New Roman, Times, Serif">(f)</TD>
    <TD STYLE="width: 89%; padding-right: 5.75pt; padding-left: 5.75pt; font: 12pt Times New Roman, Times, Serif"><FONT STYLE="letter-spacing: -0.1pt">Saba Capital is organized as a limited partnership under the laws of the State of Delaware.&nbsp;&nbsp;Mr. Weinstein is a citizen of the United States</FONT>. Management is a limited liability company organized under the laws of Delaware.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">The Reporting Persons have executed a Joint Filing Agreement, dated May 2, 2019, with respect to the joint filing of this Schedule 13D, and any amendment or amendments hereto, a copy of which is attached hereto as <U>Exhibit 1</U>.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt"><B>Item 3.</B></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt"><B>SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt">Funds for the purchase of the Common Shares were derived from the subscription proceeds from investors and the capital appreciation thereon and margin account borrowings made in the ordinary course of business.&nbsp;&nbsp;In such instances, the positions held in the margin accounts are pledged as collateral security for the repayment of debit balances in the account, which may exist from time to time.&nbsp;&nbsp;Since other securities are held in the margin accounts, it is not possible to determine the amounts, if any, of margin used to purchase the Common Shares reported herein. A total of approximately $66,434,016 was paid to acquire the Common Shares reported herein.</TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 11%; padding-right: 5.4pt; padding-left: 5.4pt; font: 12pt Times New Roman, Times, Serif"><B>Item 4.</B></TD>
    <TD STYLE="width: 89%; padding-right: 5.4pt; padding-left: 5.4pt; font: 12pt Times New Roman, Times, Serif"><B>PURPOSE OF TRANSACTION</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Reporting Persons acquired the Common Shares
        to which this Schedule 13D relates in the ordinary course of business for investment purposes because they believe that the Common
        Shares are undervalued and represent an attractive investment opportunity.</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 30, 2019, Saba Capital submitted to
        the Issuer a notice informing the Issuer of its intention to (i) present a proposal requesting the board of directors of the Issuer
        (the &ldquo;Board&rdquo;) take all necessary steps (other than any steps that must be taken by shareholders) in its power to declassify
        the Board so that directors are elected on an annual basis starting at the next annual meeting of shareholders; such declassification
        shall be completed in a manner that does not affect the unexpired terms of the previously elected directors, and (ii) nominate
        the following four persons&mdash;Thomas H. McGlade, Stephen J. Flanagan, Frederic Gabriel and Jassen Trenkow&mdash;for election
        to the Board at the 2019 annual meeting of shareholders. The foregoing description of the Proposal is qualified in its entirety
        by the full text of the Proposal, a copy of which is attached as <U>Exhibit 2</U> hereto and incorporated by reference herein.</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">The
    Reporting Persons may engage in discussions with management, the Board, other shareholders of the Issuer and other relevant
    parties, including representatives of any of the foregoing, concerning the Reporting Persons' investment in the Common Shares
    and the Issuer, including, without limitation, matters concerning the Issuer's business, operations, board </TD></TR>
</TABLE>

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<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 11%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 89%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"> appointments, governance,
    performance, management, capitalization, trading of the Common Shares at a discount to the     Issuer&rsquo;s net asset value
    and strategic plans and matters relating to the open or closed end nature of the Issuer and     timing of any potential
    liquidation of the Issuer. The Reporting Persons may exchange     information with any persons pursuant to appropriate
    confidentiality or similar agreements or otherwise, work together with     any persons pursuant to joint agreements or
    otherwise, propose changes in the Issuer's business, operations, board     appointments, governance, management,
    capitalization, strategic plans or matters relating to the open or closed end nature of     the Issuer or timing of any
    potential liquidation of the Issuer, or propose or engage in one or more other actions set forth     herein.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">The Reporting Persons intend to review their investment in the Issuer on a continuing basis. Depending on various factors, including, without limitation, the outcome of any discussions referenced above, the Issuer's financial position and strategic direction, actions taken by management or the Board, price levels of the Common Shares, other investment opportunities available to the Reporting Persons, conditions in the securities market and general economic and industry conditions, the Reporting Persons may in the future take such actions with respect to their investment in the Issuer as they deem appropriate, including, without limitation, purchasing additional Common Shares or selling some or all of their Common Shares, engaging in short selling of or any hedging or similar transactions with respect to the Common Shares and/or otherwise changing their intention with respect to any and all matters referred to in Item 4 of Schedule 13D. The Reporting Persons may, at any time and from time to time, review or reconsider their position and/or change their purpose and/or formulate plans or additional proposals with respect to their investment in the Common Shares.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">The Reporting Persons have not entered into any agreement with any third party to act together for the purpose of acquiring, holding, voting or disposing of the Common Shares reported herein.&nbsp;&nbsp;&nbsp; &nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 11%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><B>Item 5.</B></TD>
    <TD STYLE="width: 89%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><B>INTEREST IN SECURITIES OF THE ISSUER</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">(a)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">See rows (11) and (13) of the cover pages to this Schedule 13D for the aggregate number of Common Shares and percentages of the Common Shares beneficially owned by each of the Reporting Persons.&nbsp;&nbsp;The percentages used in this Schedule 13D are calculated based upon 104,922,963 shares of common stock outstanding as of 10/31/2018, as disclosed in the company's N-CSRS filed 1/4/2019.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">(b)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">See rows (7) through (10) of the cover pages to this Schedule 13D for the number of Common Shares as to which each Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition.</TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; width: 11%; padding-right: 5.75pt; padding-left: 5.75pt; text-align: justify">(c)</TD>
    <TD STYLE="vertical-align: top; width: 88%; padding-right: 5.75pt; padding-left: 5.75pt; text-align: justify">The transactions in the Common Shares effected in the sixty days prior to the filing of the Schedule 13D by&nbsp;&nbsp;the Reporting Person, which were all in the open market, are set forth in Schedule A, and are incorporated herein by reference.</TD>
    <TD STYLE="width: 1%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; text-align: justify">(d)</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt; text-align: justify">No person other than the Reporting Persons is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, such Common Shares.</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt">(e)</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt">Not applicable.</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><B>Item 6.</B></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><B>CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; padding-left: 5.75pt">Other than the Joint Filing Agreement attached as <U>Exhibit 1</U> hereto, there are no contracts, arrangements, understandings or relationships (legal or otherwise) among the persons named in Item 2 hereof and between such persons and any person with respect to any securities of the Issuer, including but not limited to transfer or voting of any other securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, divisions of profits or loss, or the giving or withholding of proxies.</TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt"><B>Item 7.</B></TD>
    <TD STYLE="width: 88%; padding-right: 5.4pt; padding-left: 5.4pt"><B>MATERIAL TO BE FILED AS EXHIBITS</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Exhibit 1:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Joint Filing Agreement Statement as required by Rule 13d-1(k)(1) under the Act.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Exhibit 2:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Proposal</TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">After reasonable inquiry and to the best
of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true,
complete and correct.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Date: May 2, 2019</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 47%">&nbsp;</TD>
    <TD STYLE="width: 53%; border-bottom: Black 1pt solid">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="text-transform: uppercase">SABA CAPITAL Management,
        L.P.</FONT></P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">/s/ Michael D'Angelo</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Name: Michael D'Angelo</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Title: Chief Compliance Officer</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="text-transform: uppercase">BOAZ R. WEINSTEIN</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="text-transform: uppercase">&nbsp;</FONT></P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">/s/ Michael D'Angelo</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Name: Michael D'Angelo</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Title: Attorney-in-fact*</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">* Pursuant to a power of attorney dated as of November 16, 2015, which is incorporated herein by reference to Exhibit 2 to the Schedule 13G filed by the Reporting Persons on December 28, 2015, accession number: 0001062993-15-006823</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 8; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%"><B>CUSIP No. 092508100</B></TD><TD STYLE="width: 34%"><P STYLE="margin-top: 0; text-align: center; margin-bottom: 0"><B>SCHEDULE 13D</B></P></TD><TD STYLE="width: 33%; text-align: right"><B>Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --> of 9 pages</B></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>Schedule A</U></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">This Schedule sets forth information with respect to each purchase
and sale of Common Shares which were effectuated by Saba Capital during the past sixty days. All transactions were effectuated
in the open market through a broker.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #F6FAFB">
    <TD STYLE="white-space: nowrap; width: 24%; border: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="color: #405E83"><B>Trade Date</B></FONT></TD>
    <TD STYLE="width: 54%; border-top: #C3C3C3 1pt solid; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="color: #405E83"><B>Common Shares Purchased (Sold)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 22%; border-top: #C3C3C3 1pt solid; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="color: #405E83"><B>Price</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; border-left: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">05/01/19</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">181,643</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.71</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; border-left: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">04/29/19</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">73,841</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.68</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; border-left: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">04/26/19</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">141,210</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.68</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; border-left: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">04/25/19</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">15,159</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.58</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; border-left: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">04/24/19</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">72,517</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.58</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; border-left: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">04/23/19</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">86,843</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.66</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; border-left: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">04/22/19</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">45,839</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.62</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; border-left: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">04/18/19</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">20,006</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.61</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; border-left: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">04/17/19</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">8,181</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.53</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; border-left: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">04/16/19</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">53,423</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.49</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; border-left: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">04/15/19</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">9,441</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.46</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; border-left: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">04/10/19</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">103,404</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.61</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; border-left: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">04/09/19</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">98,516</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.53</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; border-left: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">04/08/19</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">32,852</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.52</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; border-left: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">04/05/19</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">72,487</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.51</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; border-left: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">04/04/19</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">245,644</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.50</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; border-left: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">04/03/19</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">170,602</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.51</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; border-left: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">04/02/19</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">84,692</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.46</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; border-left: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">3/29/2019</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">7,048</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.41</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; border-left: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">3/28/2019</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">69,099</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.45</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; border-left: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">3/27/2019</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">100,000</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.42</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; border-left: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">3/26/2019</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">92,330</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.41</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; border-left: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">3/26/2019</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">38,338</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.39</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; border-left: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">3/25/2019</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">210,538</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.38</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; border-left: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">3/22/2019</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">192,179</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.38</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; border-left: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">3/22/2019</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">39,991</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.38</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; border-left: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">3/21/2019</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">80,920</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.35</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; border-left: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">3/21/2019</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">36,207</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.34</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; border-left: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">3/20/2019</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">85,063</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.25</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; border-left: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">3/20/2019</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">4,900</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.29</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; border-left: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">3/19/2019</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">7,883</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.21</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; border-left: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">3/19/2019</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">23,217</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.21</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; border-left: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">3/19/2019</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">2,386</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.21</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; border-left: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">3/13/2019</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">3,465</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.20</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; border-left: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">3/12/2019</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">64,178</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.16</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; border-left: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">3/11/2019</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">79,102</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.13</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; border-left: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">3/7/2019</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">148,956</TD>
    <TD STYLE="white-space: nowrap; border-right: #C3C3C3 1pt solid; border-bottom: #C3C3C3 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.16</TD></TR>
</TABLE>
<P STYLE="font: 5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: right"><B>EXHIBIT 1</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>JOINT FILING AGREEMENT</B><BR>
<B>PURSUANT TO RULE 13d-1(k)</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The undersigned
acknowledge and agree that the foregoing statement on Schedule 13D is filed on behalf of each of the undersigned and that all subsequent
amendments to this statement on Schedule 13D shall be filed on behalf of each of the undersigned without the necessity of filing
additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments,
and for the completeness and accuracy of the information concerning him or it contained herein and therein, but shall not be responsible
for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason
to believe that such information is inaccurate.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">DATE: May 2, 2019</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 47%">&nbsp;</TD>
    <TD STYLE="width: 53%; border-bottom: Black 1pt solid">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="text-transform: uppercase">SABA CAPITAL Management,
        L.P.</FONT></P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">/s/ Michael D'Angelo</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Name: Michael D'Angelo</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Title: Chief Compliance Officer</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="text-transform: uppercase">BOAZ R. WEINSTEIN</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="text-transform: uppercase">&nbsp;</FONT></P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">/s/ Michael D'Angelo</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Name: Michael D'Angelo</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Title: Attorney-in-fact*</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">* Pursuant to a power of attorney dated as of November 16, 2015, which is incorporated herein by reference to Exhibit 2 to the Schedule 13G filed by the Reporting Persons on December 28, 2015, accession number: 0001062993-15-006823</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: right">&nbsp;<B>EXHIBIT 2</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Proposal</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><U>Information about the Proposal</U></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Record Holder intends
to submit, for a shareholder vote at the Annual Meeting, the following proposal described below. Other than as described below
or elsewhere in this Notice, neither the Record Holder nor any other Participant has any material interest in the Proposal. The
reason that the Record Holder intends to submit the Proposal for consideration at the Annual Meeting is because it wants to ensure
that the Fund improves its corporate governance practices.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Proposal</I></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following is the text of the proposed resolution:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">RESOLVED, that the shareholders
of BlackRock Credit Allocation Income Trust (the &ldquo;<U>Fund</U>&rdquo;) request that the Board of Directors of the Fund (the
&ldquo;<U>Board</U>&rdquo;) take all necessary steps (other than any steps that must be taken by shareholders) in its power to
declassify the Board so that directors are elected on an annual basis starting at the next annual meeting of shareholders. Such
declassification shall be completed in a manner that does not affect the unexpired terms of the previously elected board members.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Supporting Statement</I></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">We believe the annual election
of all board members encourages board accountability to its shareholders and when board members are held accountable for their
actions, they perform better.&nbsp;&nbsp;This view is shared by most shareholders and institutional investors, who believe it to
be the standard for corporate governance best practices.&nbsp;&nbsp;The vast majority of companies in the S&amp;P 500 and Russell
1000 indexes elect all board members annually.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Currently, the Board is
divided into three classes serving staggered three-year terms.&nbsp;&nbsp;It is our belief that the classification of the Board
is strong proof that the Board is not acting in the best interests of shareholders.&nbsp;&nbsp;A classified board protects the
incumbents, which in turn limits accountability to shareholders.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">We are committed to improving
the corporate governance of the Fund for the benefit of all shareholders. Declassification of the Board is a positive step which
will allow more productive shareholder engagement and will help the Fund achieve its optimal valuation.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Saba has submitted a shareholder
proposal to declassify the Board of the Fund, in an attempt to allow the Board to operate freely and in the best interest of shareholders.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0.5in 0 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;For a greater voice
in the Fund&rsquo;s corporate governance and to increase the accountability of the Board to shareholders, we urge you to vote <B>FOR</B>
this proposal.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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