News Formal

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 Nyheter

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.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 47. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Boaz Weinstein Says Biden Is Better for Bond Market Than TrumpPresident Joe Biden’s re-election would be better for the US bond market than a second Donald Trump presidency, Saba Capital Management’s Boaz Weinstein said during the Bloomberg Invest conference on Tuesday.
Källa: BNNBloomberg - 🏆 83. / 50 Läs mer »