other material
confidence high
sentiment neutral
materiality 0.55
BlackRock Credit Allocation Income Trust and Saba Capital sign standstill pact through 2027
BLACKROCK CREDIT ALLOCATION INCOME TRUST
- Saba agrees to standstill covenants and to vote its shares per Board recommendations until 2027 annual meeting or Aug 31, 2027, whichever earlier.
- Fund and Advisor agree to refrain from ad hominem attacks or disparaging statements against Saba.
- Saba cannot solicit proxies, form groups, or propose shareholder actions regarding the Fund during Effective Period.
- Saba represents it beneficially owns shares and has no derivative positions as of agreement date.
- Agreement may be terminated earlier by mutual consent or if material breach not cured within 10 business days.