Hedge fund Saba settles with BlackRock funds

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 to take over the boards of several UK trusts. In a series of stock exchange announcements,
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 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.
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.
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"),
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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, 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 ...
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 ...
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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 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 ...
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 ...
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BlackRock, Inc. (BLK)
Industry players worry the success of the president’s meme coin will undermine the credibility they have worked hard to cultivate. BlackRock and Saba Capital Management announced a standstill in ...