sabacapitalmanagement
Provides Unitholders a Superior Alternative to the Status Quo of Abysmal Underperformance, Prolonged Discounts, High Redemption Rates and Poor Corporate Governance Proposes Replacing the Fund’s Current Trustee and Manager at the Special Meeting to Facilitate a Timely Liquidation of the Fund to Deliver Value for Long-Suffering Unitholders Saba Capital Files Dissident Proxy CircularSaba requisitioned the Special Meeting for the purpose of replacing the current trustee and manager of Citadel, Artemis Investment Management Limited (“Artemis”), and approving the Fund’s timely wind-up and liquidatio...
ValueWalk
Saba Sues Certain Closed-End Funds Advised by BlackRock, Franklin Resources, Tortoise Capital Advisors, Adams Funds and FS Investments Saba Capital Files A Lawsuit Against CEFsNew York, NY – June 29, 2023 – Saba Capital Management, L.P. (“Saba” or “we”) filed a lawsuit today in the United States District Court for the Southern District of New York against 16 closed-end funds (the “Funds”) advised by BlackRock, Inc. (“BlackRock”), Franklin Resources, Inc. (“Franklin Resources”), Tortoise Capital Advisors, L.L.C. (“Tortoise”), Adams Funds and FS Investments as well as the BlackRock fund trustees...
ValueWalk
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