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Resolution of ongoing court battles between BlackRock and Saba Capital?
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Resolution / Starting Odds
BlackRock wins all cases • 33%
Saba Capital wins some cases • 33%
Mixed results • 34%
Court rulings or official statements from involved parties
Story
BlackRock Wins Proxy Battle for Board Seats at Six Funds Against Saba Capital
Jun 28, 2024, 07:00 PM
BlackRock Inc. has declared victory in its months-long proxy battle against Boaz Weinstein’s Saba Capital Management. The conflict, which revolved around board seats at six of BlackRock's closed-end funds, saw shareholders vote to retain the asset manager's directors. Despite Saba's efforts to replace directors and fire the fund manager, they did not secure enough votes. The court rulings have indicated that the war between BlackRock and Saba will continue, but for now, BlackRock has successfully maintained its board positions. Data released by BlackRock on Tuesday confirmed the shareholder vote results.
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Yes • 50%
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Settlement • 25%
Dismissal • 25%
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Ruling in favor of BlackRock et al. • 25%
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Dismissal • 25%
Ruling Against Defendants • 25%
Ruling in Favor of Defendants • 25%
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Dismissed • 25%
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