other material
confidence high
sentiment positive
materiality 0.75
BlackRock Enhanced Large Cap Core Fund enters standstill with Saba Capital through 2027 meeting
BlackRock Enhanced Large Cap Core Fund, Inc.
- Saba agrees to standstill covenants and to vote its shares as recommended by the Board.
- Agreement effective until the 2027 annual meeting or August 31, 2027, whichever is earlier.
- Saba will vote for Board nominees and against opposing proposals at shareholder meetings.
- Mutual non-disparagement provisions apply, with exceptions for existing ECAT/MUI litigation.
- Saba beneficially owns and has voting power over Common Shares as of January 20, 2025.