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Stock impact report

Saba Launches Campaign to Improve the Boards of 10 Poorly Governed and Underperforming Closed-End Funds Managed by BlackRock [Yahoo! Finance]

BlackRock California Municipal Income Trust (BFZ) 
Company Research Source: Yahoo! Finance
Intends to Hold BlackRock and Its Hand-Picked Board Members Accountable for Destroying Billions in Shareholder Value Names Incumbent Board Members Cynthia Egan Frank Fabozzi Robert Fairbairn Lorenzo Flores Stayce Harris R. Glenn Hubbard J. Phillip Holloman W. Carl Kester Catherine Lynch and John Perlowski as Defendants in the Lawsuit Nominates Seven Board Candidates with Experience in Corporate Governance, Credit Markets, Financial Services and Other Areas Required to Help Close the Funds' Large Discounts to NAV NEW YORK, March 06, 2024 BUSINESS WIRE )--Saba Capital Management, L.P. (together with its affiliates, "Saba" or "we") today announced that it has nominated seven highly qualified and independent candidates for election to the Boards of Trustees (the "Boards") of 10 BlackRock closed-end funds (collectively, the "BlackRock Funds" or the "CEFs") at their respective 2024 Annual Meetings of Shareholders (the "2024 Annual Meetings"). Additionally, Saba filed a lawsuit toda Show less Read more
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