On March 20, 2020, Saba Capital Management, L.P. submitted to BlackRock New York Municipal Bond Trust a notice informing the Company of its intention to nominate a slate of 2 independent trustee candidates, Gregory MacKay and Eric Pitt, for election to the board of trustees of the Company at the Company’s 2020 annual meeting of shareholders. In addition, Saba Capital intends to present a proposal previously submitted to the Company on January 17, 2020 pursuant to Rule 14a-8 promulgated under the Securities Exchange Act of 1934, as amended, requesting that the Board consider authorizing a self-tender offer for all outstanding shares of the Company at or close to net asset value and, if more than 50% of the Company’s outstanding shares are submitted for tender, the tender offer should be cancelled and the Company should be liquidated or converted into an open-end mutual fund.