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Hedge fund Saba settles with BlackRock funds

BlackRock and Weinstein's Saba Reach Settlement in Battle Over Closed-End Funds

The settlement comes some seven months after BlackRock shareholders voted at four of its closed-end funds to keep the asset manager's directors in place and retain it as the manag

The Financial Times · 13h

Hedge fund Saba settles with BlackRock funds after activist battle

Boaz Weinstein’s Saba Capital has agreed to halt its activist battle against 50 BlackRock funds in exchange for a tender offer at two of them, as the hedge fund wages a broader war against the closed-end fund industry.

YAHOO!Finance · 10h

BlackRock, Weinstein Reach Truce in Spat on Closed-End Funds

BlackRock Inc. stuck agreements with Boaz Weinstein’s Saba Capital Management that will end the activist-hedge fund’s battle with BlackRock over dozens of closed-end funds whose share prices had tumbled deeply below the value of their underlying assets.

TMCnet · 17h

Saba Capital Reaches Agreements with Two BlackRock Closed-End Funds

The Tender Offers are expected to commence on March 21, 2025, in the case of BMEZ, and on June 9, 2025, in the case of BIGZ, and will expire or close on the 20 th business day after their commencement and the Funds will pay for any Common Shares tendered no later than the seventh business day after the expiration or closing of the Tender Offers.

Yahoo Finance5d

BlackRock ESG Capital Allocation Term Trust (ECAT)

"Saba" or "we") today issued a presentation detailing its plan to deliver shareholder value at 10 BlackRock Advisors, LLC ("BlackRock") closed-end funds (collectively, the "Funds").1 The ...

FTAdviser7d

Inside Saba’s £3.6bn battle for seven UK investment trusts

When Saba Capital, a US hedge fund business, began to appear on the registers of UK investment trusts it caused panic, with ...

13don MSN

Second major fund manager joins calls for shareholders to reject Saba coup

Janus Henderson has joined rivals in urging investors of its London-listed investment trusts to reject a takeover attempt ...

ADVFN19d

Saba Capital Corrects BlackRock’s Intentionally False and Misleading 2024 Annual Meeting Results

BlackRock Materially Misled Stakeholders by Announcing Results That Exclude All of Saba's Votes and Other Supportive Shareholders Shareholders Voted for Each of Saba’s Nominees by Wide Margin in ...

16d

BCAT: Multi-Asset Fund Provides Hefty Distribution Yield (Rating Downgrade)

BCAT delivers a sizeable distribution yield thanks to its 20% managed distribution policy, seemed to have helped the fund's discount narrow. Read more here.

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