other material
confidence high
sentiment positive
materiality 0.75
BlackRock Municipal 2030 Target Term Trust enters standstill with Saba Capital through 2027
BlackRock Municipal 2030 Target Term Trust
- Agreement with Saba Capital Management, L.P. entered January 20, 2025.
- Saba agrees to customary standstill covenants and to vote shares with Board recommendation.
- Effective until the earlier of day after 2027 annual meeting or August 31, 2027.
- Saba prohibited from proxy solicitation, proposing trustee nominees, or seeking control of the Fund.
- Both sides agree to mutual non-disparagement and no litigation during the Effective Period.