Saba Capital Releases Presentation Detailing Plan to Deliver Enhanced Shareholder Value at 10 BlackRock Closed-End Funds
BlackRock ESG Capital Allocation Trust (ECAT)
Company Research
Source: Business Wire
Presentation Details the Funds’ Significant Long-Term Underperformance, BlackRock’s Attempts to Crush Shareholder Rights and the Opportunity to Unlock $1.4 Billion in Value for InvestorsJoin Saba’s Webinar on May 20th at 11AM EST Where Boaz Weinstein Will Detail Why BlackRock and Its Hand-Picked Directors Must Be Held Accountable, Unveil Saba’s Plans to Improve the Funds and Answer Questions from the AudienceVisit www.HeyBlackRock.com to Download the Full Presentation, Access the Webinar and Obtain Information on How to Vote for Each of Saba’s Proposals on the GOLD Proxy NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (together with its affiliates, “Saba” or “we”) today issued a presentation detailing its plan to deliver shareholder value at 10 BlackRock Advisors, LLC (“BlackRock”) closed-end funds (collectively, the “Funds”).1 The presentation can be viewed here.As a reminder, Saba has submitted proposals to (i.) elect new, independent directors to each of the Funds’ Boar
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- U.S. Court of Appeals for the Second Circuit Reaffirms Ruling That Certain Closed-End Funds, Including Funds Advised by BlackRock, Violated the Investment Company Act of 1940Business Wire
- Saba Loses Bid to Block BlackRock Voter Bylaw in Fund Fight [BNN Bloomberg (Canada)]BNN Bloomberg
- U.S. District Court for the Southern District of New York Denies BlackRock’s Motion to Dismiss Saba Capital’s Entrenchment Bylaw LawsuitBusiness Wire
- BlackRock Announces Increased Distribution Rates for Certain Closed-End FundsBusiness Wire
ECAT
Sec Filings
- 6/26/24 - Form DFAN14A
- 6/26/24 - Form DFAN14A
- 6/25/24 - Form DFAN14A
- ECAT's page on the SEC website