They are making a proxy contest out of it. They recommend voting against another extension of Eaton Vance's management agreement. I will vote against the Eaton Vance proposal along with SABA.
They also recommend that Eaton Vance do substantial self tender offers at or near NAV. If shareholders do not want the fund to close or open end they can just not tender. But SABA says that if a large number or majority of shareholders tender, then that should be read as an indication that they do not need EFF or EFT to continue as CEFs and Eaton should liquidate them or open end them. I AGREE.