BlackRock Declares Victory in Closed-End Fund Fight Against Saba

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BlackRock Inc. declared victory in its months-long proxy battle with Boaz Weinstein’s Saba Capital Management, saying holders of five closed-end funds with a combined $8 billion rejected the activist’s effort to terminate the firm as investment adviser.

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BlackRock directors keep seats at six funds in proxy battle with SabaBlackRock held onto board seats at six closed end funds last week after investment firm Saba Capital Management did not secure enough votes to replace...
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BlackRock directors keep seats at six funds in proxy battle with SabaBlackRock held onto board seats at six closed end funds last week after investment firm Saba Capital Management did not secure enough votes to replace...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »