<DOCUMENT>
<TYPE>LEGAL PROCEEDINGS
<SEQUENCE>2
<FILENAME>NCEN_811-05410_8730313479.txt
<TEXT>


Item G.1.a.i.  - LEGAL PROCEEDINGS
case number CV2020-005293

On May 1, 2020, Saba Capital CEF Opportunities 1
Ltd. ("Saba") filed a Verified Complaint and an
Application for Preliminary Injunction in Maricopa
County Superior Court, Phoenix, Arizona (the "Superior
Court"), naming as defendants the Trust, Voya
Investments, and the individuals serving on the Trust's
Board. Saba sought a preliminary injunction and
permanent equitable relief from the court, primarily in
the form of an order striking certain amendments to the
Trust's bylaws which related to the voting standard to
be employed at Board elections, as adopted by the
Board on April 13, 2020, and awarding various other
forms of declaratory and unspecified monetary relief.
Defendants filed a Motion to Dismiss the Verified
Complaint and an Opposition to Saba's Application for
Preliminary Injunction on May 20, 2020. On June 26,
2020, after a hearing, the court granted Saba's
application for a preliminary injunction, ruling that the
named defendants are preliminarily enjoined from
applying the voting standard set forth in the April 13,
2020, bylaw amendments, and that the Trust shall
conduct the Board election in accordance with the
previous voting standard. On July 1, Defendants filed
an emergency motion with the Superior Court asking
for a stay of the preliminary injunction pending a
planned appealed from the superior court's June 24
order, which the superior court denied on July 6. On
July 2, Defendants filed an expedited "special action"
appeal to the Arizona Court of Appeals, and sought a
stay of the superior court's June 24 order in connection
with that expedited appeal. On July 7, the Court of
Appeals declined jurisdiction over the "special action"
and denied the appellate motion to stay the preliminary
injunction as moot. On July 7, Defendants filed an
amended notice of appeal indicating that they would
pursue a non-expedited "direct appeal" to the Arizona
Court of Appeals, and sought another emergency stay
of the superior court's June 24 order in connection with
that ordinary-course appeal. The Court of Appeals
again denied the stay request. The annual shareholder
meeting proceeded, and the Board election was done in
accordance with the previous voting standard. On
September 30, 2020 (1) the preliminary injunction
order entered on June 26, 2020 was vacated as moot,
and (2) the case was dismissed with prejudice.





















</TEXT>
</DOCUMENT>
