other material
confidence high
sentiment neutral
materiality 0.60
BlackRock Multi-Sector Income Trust enters standstill with Saba Capital through 2027 annual meeting
BlackRock Multi-Sector Income Trust
- Saba agrees to standstill and vote its shares in line with Board recommendations until 2027 annual meeting or August 31, 2027.
- Mutual non-disparagement obligations; ban on ad hominem attacks during Effective Period.
- Saba retains ability to mirror vote through Saba RICs; litigation carve-outs for ECAT and MUI.
- No financial terms disclosed; agreement terminates earlier on material breach after 10 business days notice.