BlackRock Credit Allocation Income Trust (BTZ)
Filed: 1 Jul 19, 5:15pm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
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BlackRock Credit Allocation Income Trust
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BlackRock Credit Allocation Income Trust
VOTE TODAY!
Your Shareholder Meeting is Almost Here
Your vote is neededNOW to preserve your investment inBlackRock Credit Allocation Income Trust (NYSE: BTZ). Vote for an experienced, diverse and independent board looking after the interests of long-term shareholders.Under the Board’s diverse, experienced and independent stewardship, the Fund has enjoyed consistently strong performance.
We urge you to vote in support of the Fund’s Board nominees today by using one of the following options:
1. Vote Online - log onto the website listed on the enclosed voting instructions form or proxy card and follow the instructions; or
2. Vote by Touch-Tone Phone - call the toll free number on the enclosed voting instructions form or proxy card and follow the instructions.
The Fund’s annual shareholder meeting will take place onMonday, July 8, 2019. Your vote is important because a Cayman Islands hedge fund managed by Saba Capital Management, L.P. (“Saba”) is attempting to installinexperienced individuals on your Fund’s Board who serve as Saba’s nominees in multiple other proxy fights. Saba has a history of attacking funds for its own profit at the expense of long-term shareholders and withdrawing its individuals once the fund has succumbed to its demands – clearly evidencing a lack of interest in Board governance.
Saba’s proposal to declassify the Fund’s Board could have negative repercussions to your Fund, for example making your Fund vulnerable to abrupt changes based on the short-term objectives of shareholders like Saba. A classified board structure is both commonfor closed-end funds, which differ from operating companies, and is intended to ensure stability and protect the long-term interests of Fund shareholders.
Your Board is devoted to overseeing and safeguarding your investment in the Fund. But we cannot fight this alone. We need you, as a shareholder, to vote.We ask that you please take a moment to cast your vote “FOR” the Fund’s Board nominees listed on the enclosedWHITE proxy card and “AGAINST” Saba’s proposal.Voting takes just a few minutes and can be done by phone or online.
It is important to know that Saba may contact you by mail or phone to solicit your support through a yellow proxy card (which Saba will refer to as “gold”).Please doNOT mail in any yellow (or “gold”) proxy card that you receive from Saba for any reason. Sending in Saba’s proxy card would cancel out your vote for your Fund’s Board nominees.
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