Hedge fund Saba settles with BlackRock funds

BlackRock and Weinstein's Saba reach settlement in battle over closed-end funds
BlackRock and Saba Capital Management announced a standstill in a long-raging battle over the future of closed-end funds with the asset manager buying back shares in two portfolios and the hedge fund dropping demands for deep management changes.
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.
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.
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"),
London-listed Blackrock funds sign deals with agitator Saba Capital
(Alliance News) - Two FTSE 250 investment trusts managed by Blackrock Inc on Wednesday signed deals with Saba Capital Management LP, amid spats between Saba and a number of London-listed investment trusts.
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, 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 campaign by Boaz Weinstein’s Saba Capital Management arguing the vehicles performed poorly and harmed investors.
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 ...
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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 ...
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 ...
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 ...