On December 11, 2023, Saba Capital Master Fund Ltd announced that on June 29, 2023, it had filed a complaint in the United States District Court's Southern District of New York against BlackRock ESG Capital Allocation Term Trust, among others, seeking to invalidate as unlawful under the Investment Company Act of 1940, provisions in the Company's governing documents purporting to opt-in to the Maryland Control Share Acquisition Act, which strips voting rights with respect to a shareholder's acquisition of shares constituting as little as 10% of the Fund's voting power.
BlackRock ESG Capital Allocation Term Trust
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5-day change | 1st Jan Change | ||
16.19 USD | +0.94% | +0.87% | +0.37% |
2023 | Saba Capital Master Fund, Ltd Issues a Letter to BlackRock ESG Capital Allocation Term Trust | CI |
2023 | Saba Capital Files a Complaint Against BlackRock ESG Capital Allocation Term Trust | CI |
1st Jan change | Capi. | |
---|---|---|
+0.37% | 1.65B | |
-1.32% | 1.3B | |
-1.09% | 944M |
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