<SEC-DOCUMENT>0001062993-16-009704.txt : 20160513
<SEC-HEADER>0001062993-16-009704.hdr.sgml : 20160513
<ACCEPTANCE-DATETIME>20160513154957
ACCESSION NUMBER:		0001062993-16-009704
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20160513
DATE AS OF CHANGE:		20160513
GROUP MEMBERS:		BOAZ R. WEINSTEIN

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MFS CHARTER INCOME TRUST
		CENTRAL INDEX KEY:			0000851170
		IRS NUMBER:				043055815
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-81425
		FILM NUMBER:		161648154

	BUSINESS ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		24TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		18006372929

	MAIL ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		24TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS PRINCIPAL INCOME TRUST
		DATE OF NAME CHANGE:	19890906

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 13G

	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 13G
<SEQUENCE>1
<FILENAME>sc13g.htm
<DESCRIPTION>SC 13G
<TEXT>
<HTML>
<HEAD>
   <TITLE>Saba Capital .:Schedule 13G- Filed by newsfilecorp.com</TITLE>
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<BODY style="font-size:10pt;">

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<P align=center><B><FONT size=5>UNITED STATES </FONT></B><BR><B><FONT
size=5>SECURITIES AND EXCHANGE COMMISSION</FONT></B><B> </B><BR><B>Washington,
D.C. 20549 </B></P>
<P align=center><B><FONT size=5>SCHEDULE 13G </FONT></B></P>
<P align=center>Under the Securities Exchange Act of 1934 </P>
<P align=center>(Amendment No. _)* </P>
<P align=center><B><U><FONT size=5>MFS Charter Income Trust
</FONT></U></B><BR>(Name of Issuer) </P>
<P align=center><B><U>Common Stock </U></B><BR>(Title of Class of Securities)
</P>
<P align=center><B><U>552727109 </U></B><BR>(CUSIP Number) </P>
<P align=center><B><U>May 6, 2016 </U></B><BR>(Date of Event which Requires
Filing of this Statement) </P>
<P align=justify>Check the appropriate box to designate the rule pursuant to
which this Schedule is filed: </P>
<P style="MARGIN-LEFT: 5%" align=justify>[_] Rule 13d-1(b) </P>
<P style="MARGIN-LEFT: 5%" align=justify>[X] Rule 13d-1(c) </P>
<P style="MARGIN-LEFT: 5%" align=justify>[_] Rule 13d-1(d) </P>
<P align=justify>*The remainder of this cover page shall be filled out for a
reporting person&#146;s initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page. </P>
<P align=justify>The information required in the remainder of this cover page
shall not be deemed to be &#147;filed&#148; for the purpose of Section 18 of the
Securities Exchange Act of 1934 (&#147;Act&#148;) 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 <I>Notes</I>). </P>
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<P align=center><B>SCHEDULE 13G </B></P>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
borderColor=#000000 cellSpacing=0 cellPadding=3 width="25%" border=1>

  <TR vAlign=top>
    <TD noWrap align=left><B>CUSIP
      No.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      552727109 </TD></TR></TABLE></DIV><BR>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
borderColor=#000000 cellSpacing=0 cellPadding=3 width="100%" border=1>

  <TR vAlign=top>
    <TD noWrap align=left><B>1</B></TD>
    <TD noWrap align=left width="95%" colSpan=3>
      <P><B>Names of Reporting Persons</B> </P>
      <P>Saba Capital Management, L.P. </P></TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left><B>2</B> <BR></TD>
    <TD noWrap align=left width="95%" colSpan=3>
      <P align=justify><B>Check the appropriate box if a member of a Group (see
      instructions)</B> </P>
      <P style="MARGIN-LEFT: 5%" align=justify>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      [ ] <BR>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [ ] </P></TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left><B>3</B> <BR></TD>
    <TD noWrap align=left width="95%" colSpan=3>
      <P><B>Sec Use Only</B> </P>
      <P>&nbsp;</P></TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left><B>4</B> <BR></TD>
    <TD noWrap align=left width="95%" colSpan=3>
      <P><B>Citizenship or Place of Organization</B> </P>
      <P>Delaware </P></TD></TR>
  <TR vAlign=top>
    <TD vAlign=center noWrap align=center colSpan=2 rowSpan=4><B>Number
      of</B> <BR><B>Shares</B> <BR><B>Beneficially</B> <BR><B>Owned by Each</B>
      <BR><B>Reporting Person </B><BR><B>With:</B> </TD>
    <TD noWrap align=left width="5%"><B>5</B> </TD>
    <TD noWrap align=left width="85%">
      <P><B>Sole Voting Power</B> </P>
      <P>-0- </P></TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left width="5%"><B>6</B> </TD>
    <TD noWrap align=left width="85%">
      <P><B>Shared Voting Power</B> </P>
      <P>2,867,411 </P></TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left width="5%"><STRONG>7</STRONG> <BR></TD>
    <TD noWrap align=left width="85%">
      <P><B>Sole Dispositive Power</B> </P>
      <P>-0- </P></TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left width="5%"><B>8</B> <BR></TD>
    <TD noWrap align=left width="85%">
      <P><B>Shared Dispositive Power</B> </P>
      <P>2,867,411 </P></TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left><B>9</B> <BR></TD>
    <TD noWrap align=left width="95%" colSpan=3>
      <P><B>Aggregate Amount Beneficially Owned by Each Reporting Person</B>
</P>
      <P>2,867,411 </P></TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left><B>10</B> <BR></TD>
    <TD noWrap align=left width="95%" colSpan=3>
      <P><B>Check box if the aggregate amount in row (9) excludes certain shares
      (See Instructions)</B> </P>
      <P>[ ] </P></TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left><B>11</B> <BR></TD>
    <TD noWrap align=left width="95%" colSpan=3>
      <P><B>Percent of class represented by amount in row (9)</B> </P>
      <P>5.45% </P></TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left><B>12</B> <BR></TD>
    <TD noWrap align=left width="95%" colSpan=3>
      <P><B>Type of Reporting Person (See Instructions)</B> </P>
      <P>PN; IA </P></TD></TR>
  </TABLE></DIV>
<P align=justify>The percentages used herein are calculated based upon
52,585,975 shares of common stock outstanding as of&nbsp; 11/30/2015, as
disclosed in the company's Certified Shareholder Report Form N-CSR filed
2/01/2016 </P>
<P align=center>Page 2 of 7 </P>
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<P align=center><B>SCHEDULE 13G </B></P>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
borderColor=#000000 cellSpacing=0 cellPadding=3 width="25%" border=1>

  <TR vAlign=top>
    <TD noWrap align=left><B>CUSIP
      No.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      552727109 </TD></TR></TABLE></DIV><BR>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
borderColor=#000000 cellSpacing=0 cellPadding=3 width="100%" border=1>

  <TR vAlign=top>
    <TD noWrap align=left ><B>1</B> <BR></TD>
    <TD noWrap align=left width="95%" colSpan=3>
      <P><B>Names of Reporting Persons</B> </P>
      <P>Boaz R. Weinstein </P></TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left ><B>2</B> <BR><BR></TD>
    <TD noWrap align=left width="95%" colSpan=3>
      <P align=justify><B>Check the appropriate box if a member of a Group (see
      instructions)</B> </P>
      <P style="MARGIN-LEFT: 5%" align=justify>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      [ ] <BR>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [ ] </P></TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left ><B>3</B> <BR></TD>
    <TD noWrap align=left width="95%" colSpan=3>
      <P><B>Sec Use Only</B> </P>
      <P>&nbsp;</P></TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left ><B>4</B> <BR></TD>
    <TD noWrap align=left width="95%" colSpan=3>
      <P><B>Citizenship or Place of Organization</B> </P>
      <P>United States </P></TD></TR>
  <TR vAlign=top>
    <TD vAlign=center noWrap align=center colSpan=2 rowSpan=4
      ><B>Number of</B> <BR><B>Shares</B> <BR><B>Beneficially</B>
      <BR><B>Owned by Each</B> <BR><B>Reporting Person </B><BR><B>With:</B>
    <BR></TD>
    <TD noWrap align=left width="5%" ><B>5</B>
    <BR><BR></TD>
    <TD noWrap align=left width="85%">
      <P><B>Sole Voting Power</B> </P>
      <P>-0- </P></TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left width="5%" ><B>6</B>
    <BR><BR></TD>
    <TD noWrap align=left width="85%">
      <P><B>Shared Voting Power</B> </P>
      <P>2,867,411 </P></TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left width="5%"
      ><STRONG>7</STRONG> <BR><BR></TD>
    <TD noWrap align=left width="85%">
      <P><B>Sole Dispositive Power</B> </P>
      <P>-0- </P></TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left width="5%" ><B>8</B> <BR></TD>
    <TD noWrap align=left width="85%">
      <P><B>Shared Dispositive Power</B> </P>
      <P>2,867,411 </P></TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left ><B>9</B> <BR></TD>
    <TD noWrap align=left width="95%" colSpan=3>
      <P><B>Aggregate Amount Beneficially Owned by Each Reporting Person</B>
</P>
      <P>2,867,411 </P></TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left ><B>10</B> <BR></TD>
    <TD noWrap align=left width="95%" colSpan=3>
      <P><B>Check box if the aggregate amount in row (9) excludes certain shares
      (See Instructions)</B> </P>
      <P>[ ] </P></TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left ><B>11</B> <BR></TD>
    <TD noWrap align=left width="95%" colSpan=3>
      <P><B>Percent of class represented by amount in row (9)</B> </P>
      <P>5.45% </P></TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left ><B>12</B> <BR></TD>
    <TD noWrap align=left width="95%" colSpan=3>
      <P><B>Type of Reporting Person (See Instructions)</B> </P>
      <P>IN </P></TD></TR>
  </TABLE></DIV>
<P align=justify>The percentages used herein are calculated based upon
52,585,975 shares of common stock outstanding as of 11/30/2015, as disclosed in
the company's Certified Shareholder Report Form N-CSR filed 2/01/2016 </P>
<P align=center>Page 3 of 7 </P>
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<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD noWrap align=left><B>Item 1.</B> </TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%"><B>(a)</B> </TD>
    <TD><B>Name of Issuer: </B>MFS Charter Income Trust </TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%"><B>(b)</B> </TD>
    <TD><B>Address of Issuer&#146;s Principal Executive Offices: </B>111 Huntington
      Avenue, Boston, MA 02199 </TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD noWrap align=left><B>Item 2.</B> </TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD width="5%"  >&nbsp;</TD>
    <TD vAlign=top width="5%" >(a) </TD>
    <TD><B>Name of Person Filing: </B>This statement is being jointly filed by
      Saba Capital Management, L.P., a Delaware limited partnership ("Saba
      Capital") and Mr. Boaz R. Weinstein (together, the "Reporting Persons&#148;)
      with respect to the ownership of the shares of Common Stock (as defined in
      Item 2(d)) by Saba Capital Master Fund Ltd. ("SCMF"), Saba Capital Master
      Fund II, Ltd. ("SCMF II"), Saba Capital Leveraged Master Fund Ltd.
      ("SCLMF"), Saba Capital Series LLC Series 1 ("SCS"), Saba Capital CEF
      Opportunities 1, Ltd. ("SCEF1"), and Saba Capital CEF Opportunities 2,
      Ltd. ("SCEF2") </TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%" >&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%" ></TD>
    <TD>The Reporting Persons have entered into a Joint Filing Agreement,
      dated May 13, 2016, pursuant to which the Reporting Persons have agreed to
      file this statement and any subsequent amendments hereto jointly in
      accordance with the provisions of Rule 13d-1(k)(1) under the Act. </TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%" >&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%" ></TD>
    <TD>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>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%" >&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%" ></TD>
    <TD>The filing of this statement should not be construed as an admission
      that any of the forgoing persons or the Reporting Persons is, for the
      purposes of Section 13 of the Act, the beneficial owner of the Common
      Stock reported herein. </TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%" >&nbsp;</TD>
    <TD>&nbsp;</TD>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%" ><B>(b)</B> </TD>
    <TD><STRONG>Address of Principal Business Office or, if None,
      Residence:</STRONG>&nbsp;&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%" >&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%" ></TD>
    <TD>The address of the business office of Saba Capital and Mr. Weinstein
      is 405 Lexington Avenue, 58th Floor, New York, New York
    10174.&nbsp;&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%" >&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%" ><B>(c)</B> </TD>
    <TD><STRONG>Citizenship: </STRONG>Saba Capital is organized as a limited
      partnership under the laws of the State of Delaware. Mr. Weinstein is a
      citizen of the United States.&nbsp;&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%" >&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%" ><B>(d)</B> </TD>
    <TD><STRONG>Title and Class of Securities: </STRONG>Common stock (the
      "Common Stock").&nbsp;&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%" >&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%" ><STRONG>(e)</STRONG> </TD>
    <TD><B>CUSIP No.: 552727109</B> </TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left ><B>Item 3.</B> </TD>
    <TD align=left width="90%"><B>If this statement is filed pursuant to &#167;&#167;
      240.13d-1(b) or 240.13d-2(b) or (c), check whether the</B> <B>person
      filing is a:</B> </TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD width="5%"  >&nbsp;</TD>
    <TD noWrap align=left >(a) </TD>
    <TD noWrap align=left width="5%" >[_] </TD>
    <TD noWrap align=left width="85%">Broker or dealer registered under
      Section 15 of the Act; </TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD noWrap align=left >&nbsp;</TD>
    <TD noWrap align=left width="5%" >&nbsp;</TD>
    <TD noWrap align=left width="85%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD noWrap align=left >(b) </TD>
    <TD noWrap align=left width="5%" >[_] </TD>
    <TD noWrap align=left width="85%">Bank as defined in Section 3(a)(6) of
      the Act; </TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD noWrap align=left >&nbsp;</TD>
    <TD noWrap align=left width="5%" >&nbsp;</TD>
    <TD noWrap align=left width="85%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD noWrap align=left >(c) </TD>
    <TD noWrap align=left width="5%" >[_] </TD>
    <TD noWrap align=left width="85%">Insurance company as defined in Section
      3(a)(19) of the Act; </TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD noWrap align=left >&nbsp;</TD>
    <TD noWrap align=left width="5%" >&nbsp;</TD>
    <TD noWrap align=left width="85%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD noWrap align=left >(d) </TD>
    <TD noWrap align=left width="5%" >[_] </TD>
    <TD noWrap align=left width="85%">Investment company registered under
      Section 8 of the Investment Company Act of 1940; </TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD noWrap align=left >&nbsp;</TD>
    <TD noWrap align=left width="5%" >&nbsp;</TD>
    <TD noWrap align=left width="85%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD noWrap align=left >(e) </TD>
    <TD noWrap align=left width="5%" >[_] </TD>
    <TD noWrap align=left width="85%">An investment adviser in accordance with
      Rule 13d-1(b)(1)(ii)(E); </TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD noWrap align=left >&nbsp;</TD>
    <TD noWrap align=left width="5%" >&nbsp;</TD>
    <TD noWrap align=left width="85%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD noWrap align=left >(f) </TD>
    <TD noWrap align=left width="5%" >[_] </TD>
    <TD noWrap align=left width="85%">An employee benefit plan or endowment
      fund in accordance with Rule 13d-1(b)(1)(ii)(F); </TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD noWrap align=left >&nbsp;</TD>
    <TD noWrap align=left width="5%" >&nbsp;</TD>
    <TD noWrap align=left width="85%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD noWrap align=left >(g) </TD>
    <TD noWrap align=left width="5%" >[_] </TD>
    <TD noWrap align=left width="85%">A parent holding company or control
      person in accordance with Rule 13d-1(b)(1)(ii)(G); </TD></TR></TABLE>
<P align=center>Page 4 of 7 </P>
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<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
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  <TR vAlign=top>
    <TD width="5%"  ></TD>
    <TD align=left >(h) </TD>
    <TD align=left width="5%" >[_] </TD>
    <TD align=left width="85%">A savings associations as defined in Section
      3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); </TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD >&nbsp; </TD>
    <TD width="5%" >&nbsp; </TD>
    <TD width="85%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD width="5%" ></TD>
    <TD align=left >(i) </TD>
    <TD align=left width="5%" >[_] </TD>
    <TD align=left width="85%">A church plan that is excluded from the
      definition of an investment company under section 3(c)(14) of the
      Investment Company Act of 1940; </TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD >&nbsp; </TD>
    <TD width="5%" >&nbsp; </TD>
    <TD width="85%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD noWrap align=left >(j) </TD>
    <TD noWrap align=left width="5%" >[_] </TD>
    <TD noWrap align=left width="85%">A non-U.S. institution in accordance
      with Rule 240.13d-1(b)(1)(ii)(J); </TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD >&nbsp; </TD>
    <TD width="5%" >&nbsp; </TD>
    <TD width="85%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD width="5%" ></TD>
    <TD align=left >(k) </TD>
    <TD align=left width="5%" >[_] </TD>
    <TD align=left width="85%">Group, in accordance with Rule
      240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance
      with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
      _______</TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD noWrap align=left><B>Item 4. Ownership</B> </TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%"><B>(a)</B> </TD>
    <TD><B>Amount Beneficially Owned: </B>The information required by Items
      4(a) - (c) is set forth in Rows (5) - (11) of the cover page for each
      Reporting Person hereto and is incorporated herein by reference for each
      such Reporting Person. </TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD noWrap align=left ><B>Item 5.</B> </TD>
    <TD noWrap align=left width="90%"><B>Ownership of Five Percent or Less of
      a Class. N/A</B> </TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD noWrap align=left ><B>Item 6.</B> </TD>
    <TD noWrap align=left width="90%"><B>Ownership of more than Five Percent
      on Behalf of Another Person.</B> N/A </TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left ><B>Item 7.</B> </TD>
    <TD align=left width="90%"><B>Identification and classification of the
      subsidiary which acquired the security being reported on</B> <B>by the
      parent holding company or control person. N/A</B> </TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD noWrap align=left ><B>Item 8.</B> </TD>
    <TD noWrap align=left width="90%"><B>Identification and classification of
      members of the group. N/A</B> </TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD noWrap align=left ><B>Item 9.</B> </TD>
    <TD noWrap align=left width="90%"><B>Notice of Dissolution of Group.</B>
      <B>N/A</B> </TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD noWrap align=left ><B>Item 10.</B> </TD>
    <TD noWrap align=left width="90%"><B>Certifications.</B>
</TD></TR></TABLE>
<P align=justify>By signing below each Reporting Person certifies that, to the
best of his or its knowledge and belief, the securities referred to above were
not acquired and are not held for the purpose of or with the effect of changing
or influencing the control of the issuer of the securities and were not acquired
and are not held in connection with or as a participant in any transaction
having that purpose or effect.<B> </B></P>
<P align=center>Page 5 of 7 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_6></A>
<P align=justify><B>SIGNATURE </B></P>
<P align=justify>After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct. </P>
<P align=justify>Dated: 5/13/2016<B> </B></P>
<P align=justify><I><U>/s/ Signature </U></I>Michael D&#146;Angelo </P>
<P align=justify>Name: Michael D&#146;Angelo </P>
<P align=justify>Title: Chief Compliance Officer </P>
<P align=justify>Boaz R. Weinstein </P>
<P align=justify>By: Michael D&#146;Angelo </P>
<P align=justify>Title: Attorney-in-fact*** </P>
<P align=justify>*** Pursuant to a Power of Attorney dated as of November 16,
2015<B> </B></P>
<P align=center>Page 6 of 7 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_7></A>
<P align=center>EXHIBIT 1 <BR><B>JOINT FILING AGREEMENT </B><BR><B>PURSUANT TO
RULE 13d-1(k) </B></P>
<P align=justify style="text-indent:5%">The undersigned acknowledge and agree that the foregoing
statement on Schedule 13G is filed on behalf of each of the undersigned and that
all subsequent amendments to this statement on Schedule 13G 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 align=justify>DATED: May 13, 2016 </P>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="50%" border=0>

  <TR vAlign=top>
    <TD noWrap align=left colSpan=2>SABA CAPITAL MANAGEMENT, L.P. </TD></TR>
  <TR>
    <TD >&nbsp; </TD>
    <TD width="95%">&nbsp; </TD></TR>
  <TR>
    <TD >&nbsp; </TD>
    <TD width="95%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >By: </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left width="95%"
    >/s/ Michael D&#146;Angelo&nbsp;&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >Name: </TD>
    <TD noWrap align=left width="95%">Michael D&#146;Angelo </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >Title: </TD>
    <TD noWrap align=left width="95%">Authorized Signatory </TD></TR>
  <TR>
    <TD >&nbsp; </TD>
    <TD width="95%">&nbsp; </TD></TR>
  <TR>
    <TD >&nbsp; </TD>
    <TD width="95%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left colSpan=2>BOAZ R. WEINSTEIN </TD></TR>
  <TR>
    <TD >&nbsp; </TD>
    <TD width="95%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >By: </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left width="95%"
    >/s/ Michael D&#146;Angelo&nbsp;&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left >Title: </TD>
    <TD noWrap align=left width="95%">Attorney-in-fact
</TD></TR></TABLE></DIV>
<P align=center>Page 7 of 7 </P>
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