BlackRock shareholders vote to keep company directors in place in fight with Saba

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 20 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 63%

Blackrock Noticias

Saba Capital Management,Boaz Weinstein,Hedge Fund Manager

BlackRock won a fight with hedge fund manager Boaz Weinstein this week when shareholders voted at four of its closed-end funds to keep the asset manager's...

NEW YORK - BlackRock won a fight with hedge fund manager Boaz Weinstein this week when shareholders voted at four of its closed-end funds to keep the asset manager's directors in place and retain it as the manager, new data released on Friday show.

Meetings at and have been adjourned until next month due to a failure to achieve quorum. Saba Capital Management did not secure enough votes to replace directors or fire the fund manager at any of the eight funds. Closed-end funds, unlike open-end funds, don't issue or redeem new shares, which can leave them trading above or below the value of the securities held by the fund.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 47. in MX

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

BlackRock shareholders vote to keep company directors in place in fight with SabaBlackRock won a fight with hedge fund manager Boaz Weinstein this week when shareholders voted at four of its closed-end funds to keep the asset manager's...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »