Reported about 8 hours ago
BlackRock and Saba Capital Management have settled a long-running dispute regarding closed-end funds. As part of the agreement, BlackRock will buy back a significant number of shares from its BlackRock Innovation and Growth Term Trust and Health Sciences Term Trust, while Saba has agreed to cease its demands for management changes at BlackRock's funds. This settlement is seen as a positive outcome for shareholders, emphasizing a collaborative approach to tackling issues within closed-end funds.
Source: YAHOO