On July 1, 2024, Saba Capital Management LP announced that it has issued a statement regarding BlackRock ESG Capital Allocation Term Trust?s 2024 annual general meeting results, stating that the Company materially misled stakeholders by announcing results that exclude all Saba Capital's votes and other supportive shareholders. In addition, Saba Capital stated that the Company?s shareholders voted for each of its nominees by wide margin in the Company. The Company?s behavior follows the court reaffirming that Company violated federal law and the court permitting Saba Capital?s lawsuit to overturn the manager?s rigged election system to proceed to trial.
BlackRock ESG Capital Allocation Term Trust
Equities
ECAT
US09262F1003
Investment Management & Fund Operators
End-of-day quote
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5-day change | 1st Jan Change | ||
17.72 USD | -1.45% | -0.23% | +9.86% |
07-01 | BlackRock shareholders vote, keep directors in place in Saba saga | RE |
07-01 | Saba Capital Management Issues Statement Regarding BlackRock?s Annual Meeting Results | CI |
1st Jan change | Capi. | |
---|---|---|
+9.86% | 1.83B | |
-5.77% | 1.2B | |
-1.09% | 888M | |
-11.68% | 241M |
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