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
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.
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.
Saba halts activist battle against BlackRock funds as peace pact agreed at pair of trusts
Manhattan activist hedge fund Saba Capital has agreed a settlement with BlackRock following months of activism from Boaz Weinstein’s firm to narrow discounts at a swathe of BlackRock closed-ended funds.
Saba Capital Reaches Agreements with Two BlackRock Closed-End Funds
Saba Capital Management, L.P. (together with certain of its affiliates, "Saba") today announced that it has entered into standstill agreements (the "Agreements") with BlackRock Advisors, LLC, which is the investment advisor of the BlackRock Innovation and Growth Term Trust (NYSE: BIGZ) and the BlackRock Health Sciences Term Trust (NYSE: BMEZ) (the "Funds"),
BlackRock Announces Board Approval of Closed-End Fund Reorganizations
BlackRock Advisors, LLC announced today that each of the Boards of Directors/Trustees of each of the closed-end funds named below (each, a "Fund" and collectively, the "Funds") has approved the following reorganizations (each,
Blackrock trusts agree peace deal with Saba Capital
A host of Blackrock-run investment trusts have made a peace deal with US hedge fund Saba Capital, amid its activist campaign ...
portfolio-adviser.com21h
BlackRock enters pact with Saba to ‘not seek to control or influence the board’
Trusts managed by BlackRock have been assured by Saba that it would not oust and replace their boards, as it has with other ...
MoneyWeek13h
Herald shareholders vote down Saba proposals
Saba Capital’s attempt to take control of seven UK investment trusts has stumbled at its first hurdle, as Herald shareholders ...
BlackRock agrees deal with Saba to protect its trusts from coup chaos
BlackRock has revealed an agreement with activist hedge fund Saba Capital it hopes will protect its London-listed investment ...
BlackRock Taxable Municipal Bond Trust Enters Standstill Agreement with Saba Capital Management, L.P.
BlackRock Taxable Municipal Bond Trust (NYSE:BBN) disclosed in an SEC filing on January 21, 2025, that the company, along with its Investment Advisor, BlackRock Advisors, LLC, has entered into a ...
BlackRock, Weinstein Reach Truce in Feud Over Closed-End Funds
BlackRock Inc. reached an agreement to repurchase shares of two of its largest closed-end funds, following a multiyear ...
Herald Investment Trust shareholders vote AGAINST Saba takeover
The board of the Herald Investment Trust has claimed victory over Saba Capital after shareholders rejected the hedge fund's ...
Investment trusts under fire again — are they finally listening?
Saba, which owns 19-29 per cent of shares in each trust, is seeking to fire the boards, combine the trusts into a larger ...