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      "text": "Ms. Egan has a track record of endorsing poor governance practices.",
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      "text": "BTZ is a taxable fixed income closed-end fund. In April 2016, Ms. Egan joined the BTZ Board of Directors. Ms. Egan had also been a member of the Governance Committee since April 2016. In October 2016, BTZ Board – with Ms. Egan on the Governance Committee and without a shareholder vote – took three incredibly shareholder-unfriendly actions:",
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      "text": "Following these shareholder-unfriendly actions, Saba Capital Management (“Saba”) attempted to replace four incumbent BTZ directors up for reelection – including Ms. Egan – and declassify the BTZ Board at the 2019 Annual Meeting. The BTZ Board – with Ms. Egan on the Governance Committee – resorted to the same defensive tactics that the Huntsman Board has attempted against Starboard, its nominees, and all shareholders.",
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      "text": "1. Unilaterally amended the company’s bylaws without a shareholder vote, 2. Implemented a staggered Board, a puzzling change for a fund that previously held annual elections, and 3. Altered the voting standard for elections from a plurality standard to a dual voting standard (plurality in uncontested elections and majority of shares outstanding in a contested election).",
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