Reported about 1 year ago
In the fight between BlackRock and Saba Capital Management over managing two funds, proxy adviser ISS recommended rejecting Saba's proposal to terminate BlackRock as manager while supporting Saba's board nominees. BlackRock's closed-end fund shareholders will vote on these proposals next week, with Glass Lewis backing BlackRock's nominees. Saba, known for buying undervalued closed-end funds, has been pushing for changes, while BlackRock defends its position against Saba's claims.
Source: YAHOO