other material
confidence high
sentiment positive
materiality 0.60
BlackRock Capital Allocation Term Trust enters standstill with Saba Capital through 2027
BlackRock Capital Allocation Term Trust
- Saba agrees to withdraw its shareholder proposal for the 2025 annual meeting.
- Saba will vote its common shares in line with the Board's recommendations on all matters.
- Standstill effective until day after 2027 annual meeting or August 31, 2027.
- Mutual non-disparagement clauses included; Saba and the Fund each refrain from ad hominem attacks.