other
confidence high
sentiment neutral
materiality 0.30
BlackRock Enhanced International Dividend Trust enters standstill with Saba Capital through 2027
BlackRock Enhanced International Dividend Trust
- Saba agrees to vote its common shares in line with Board recommendations on all shareholder matters.
- Saba prohibited from proxy solicitations, shareholder proposals, nominee nominations until after 2027 annual meeting or Aug 31, 2027.
- Fund and Advisor agree to refrain from ad hominem attacks or disparaging statements about Saba.
- Mutual litigation standstill with exceptions for pre-existing Saba-related court cases (ECAT, ECAT/MUI).
- Standstill effective from Jan 20, 2025 until day after 2027 annual meeting or Aug 31, 2027, whichever earlier.