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.
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.
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 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.
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.
Saba Capital Reaches Agreements with Two BlackRock Closed-End Funds
The Tender Offers are expected to commence on March 21, 2025, in the case of BMEZ, and on June 9, 2025, in the case of BIGZ, and will expire or close on the 20 th business day after their commencement and the Funds will pay for any Common Shares tendered no later than the seventh business day after the expiration or closing of the Tender Offers.
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 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 ...
BlackRock Energy and Resources Income Trust Plc - Agreement with Saba
London, January 21 2025 -The Board of BlackRock Energy and Resources Income Trust Plc (the "Company") announces that it has today entered into an agreement with Saba Capital Management L.P. (`Saba') ...