BlackRock Announces Board Approval of Closed-End Fund Reorganizations
BlackRock Advisors, LLC announced today that each of the Boards of Directors/Trustees of each of the closed-end funds named below (each, a "Fund" and collectively, the "Funds") has approved the following reorganizations (each,
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.
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.
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.
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"),
4 Closed-End Fund Buys (And A Sell) In The Month Of December 2024
I discuss adding to an income-focused CEF portfolio monthly, opportunities in volatile market, and holding cash for potential ...
A U.S. Hedge-Fund Star Wants to Rescue British Investors. They Should Thank Him and Leave.
Boaz Weinstein, founder of Saba Capital Management, has a passion for arbitrage investing in closed-end funds. As he turns to ...
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Closed-end fund investors seeking to build on solid 2024 returns
The so-called “January effect” that typically boosts CEFs at the start of a new year will be more forceful for municipal bond ...
BITW: Annual 323% Return But A Fund To Avoid
BITW's 323.9% 12-month return is driven primarily by a narrowing discount to NAV, and is unlikely to repeat as the discount ...
Mutual Fund Issuer Thornburg Launching First ETFs
TXUE has the same portfolio managers as the $2.8 billion Thornburg International Equity mutual fund (TGVIX) launched in 2001.
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Ellington Credit Announces Shareholder Approval of Conversion to CLO Closed-End Fund
Ellington Credit Company is externally managed and advised by Ellington Credit Company Management LLC, an affiliate of Ellington Management Group, L.L.C.
abrdn Emerging Markets Equity Income Fund, Inc. (AEF) Announces Commencement of a Cash Tender Offer
PHILADELPHIA, PA / ACCESS Newswire / January 21, 2025 / abrdn Emerging Markets Equity Income Fund, Inc. (NYSE American:AEF), a non-diversified ...
Shares of fund that offers SpaceX exposure slide after Starship explosion
Shares of DestinyTech 100 Inc., a closed-end fund that offers investors exposure to private companies such as SpaceX and OpenAI, are down 2.9% Friday following the explosion of SpaceX’s Starship ...
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RiverNorth Opportunities Fund, Inc. and RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announce Preferred Dividends
RiverNorth Opportunities Fund, Inc. and RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. are each pleased to announce ...
NML: This Midstream Energy CEF Will Likely Benefit From Tailwinds In 2025
Neuberger Berman Energy Infrastructure and Income Fund Inc is highlighted for its strong income generation. Read why NML CEF ...