On March 30, 2019, Saba Capital Management, L.P. submitted to BlackRock New York Municipal Bond Trust a notice informing the Company of its intention to (i) present a proposal requesting the board of directors of the Company take all necessary steps 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 4 persons: Thomas H. McGlade, Stephen J. Flanagan, Frederic Gabriel, and Jassen Trenkow for election to the Board at the 2019 annual meeting of shareholders of the Company.