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Market Chatter: Saba Capital to Push for Change at 10 Closed-End BlackRock Funds
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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

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