BlackRock Floating Rate Income Trust enters standstill with Saba Capital through 2027

BLACKROCK FLOATING RATE INCOME TRUST

Saba Capital agrees to vote its Common Shares in line with Board recommendations until August 31, 2027 or the day after the 2027 annual meeting.
Standstill prohibits Saba from proxy contests, shareholder proposals, seeking board representation, or engaging in short sales.
Fund and advisor agree to refrain from disparaging Saba; exceptions for ECAT and ECAT/MUI litigation.
Agreement terminates earlier upon material uncured breach or mutual written consent.
Saba represents it beneficially owns Common Shares as of the date and holds no derivative positions.

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