Saba Capital Corrects BlackRock’s Intentionally False and Misleading 2024 Annual Meeting Results
BlackRock ESG Capital Allocation Trust (ECAT)
Company Research
Source: Business Wire
BlackRock Materially Misled Stakeholders by Announcing Results That Exclude All of Saba's Votes and Other Supportive ShareholdersShareholders Voted for Each of Saba’s Nominees by Wide Margin in Two of BlackRock’s Largest Funds – BIGZ and ECAT – and Potentially Other Funds That Have Yet to Be TalliedBlackRock’s Outrageous Behavior Follows the Court Reaffirming That BlackRock Violated Federal Law and the Court Permitting Saba’s Lawsuit to Overturn the Manager’s Rigged Election System to Proceed to Trial NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (together with certain of its affiliates, “Saba” or “we”) today issued a statement regarding its campaign to improve the Boards of Trustees of 10 poorly governed and underperforming closed-end funds managed by BlackRock Advisors, LLC (“BlackRock”) and BlackRock’s intentionally false and misleading press release issued on June 28, 2024.Boaz Weinstein, Founder and Chief Investment Officer of Saba, said:“Our campaign shined a light
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- U.S. District Court for the Southern District of New York Denies BlackRock’s Motion to Dismiss Saba Capital’s Entrenchment Bylaw LawsuitBusiness Wire
- Saba Capital Releases Presentation Detailing Plan to Deliver Enhanced Shareholder Value at 10 BlackRock Closed-End FundsBusiness Wire
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ECAT
Sec Filings
- 7/2/24 - Form SC
- 6/26/24 - Form DFAN14A
- 6/26/24 - Form DFAN14A
- ECAT's page on the SEC website