financetom
Business
financetom
/
Business
/
Market Chatter: Saba Capital to Push for Change at 10 Closed-End BlackRock Funds
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: Saba Capital to Push for Change at 10 Closed-End BlackRock Funds
May 17, 2024 12:08 PM

02:36 PM EDT, 05/17/2024 (MT Newswires) -- Saba Capital detailed its plans to push for change at 10 closed-end BlackRock ( BLK ) funds that trade at a steep discount to the value of their underlying assets relative to their peers, CNBC reported Friday, citing a Saba presentation it has seen.

The hedge fund wants board control at three of the funds, and a minority share of the boards of the remaining seven, CNBC reported.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 810.70, Change: +2.99, Percent Change: +0.37

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Airbus exec sees improvment in supply chains
Airbus exec sees improvment in supply chains
Oct 13, 2025
PARIS, Oct 13 (Reuters) - Airbus has seen a marked improvement in confidence and performance from its suppliers, all of whom are ready to support the company's target of increasing deliveries by 7% to some 820 jets this year, a senior company official said on Monday. The European planemaker is also on its way towards a longer-term goal of increasing...
Form 8.3 - ALPHAWAVE IP GROUP PLC
Form 8.3 - ALPHAWAVE IP GROUP PLC
Oct 13, 2025
LONDON--(BUSINESS WIRE)--   FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: Verition Fund Management LLC (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee...
JPMorgan Announces $1.5 Trillion Plan to Finance, Invest in 'Critical' US Industries
JPMorgan Announces $1.5 Trillion Plan to Finance, Invest in 'Critical' US Industries
Oct 13, 2025
09:15 AM EDT, 10/13/2025 (MT Newswires) -- JPMorgan Chase ( JPM ) announced a $1.5 trillion plan on Monday to finance and invest in industries critical to national economic security, including minerals and frontier technologies. As part of the 10-year plan, the banking giant aims to make direct equity and venture capital investments of up to $10 billion to help...
Form 8.3 - BAKKAVOR GROUP PLC
Form 8.3 - BAKKAVOR GROUP PLC
Oct 13, 2025
LONDON--(BUSINESS WIRE)--   FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: Verition Fund Management LLC (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee...
Copyright 2023-2026 - www.financetom.com All Rights Reserved