Today news
About the same in other media
Saba halts activist battle against BlackRock funds as peace pact agreed at pair of trusts
Reading now: 709
As part of the settlement, BlackRock Health Sciences Term trust (BMEZ) and the BlackRock Innovation and Growth Term trust (BIGZ), both of which invest in small and mid-cap companies, will conduct tender offers to purchase 40% and 50% of their current shares, respectively. These tender offers will mean that shares will be bought at a price equal to 99.5% of the trusts' net asset value, allowing all shareholders to tender some or all of their shares in the process. As of 21 January 2025, BIGZ was trading at a 6.5% discount while BMEZ was trading at close to a 5.3% discount, according ...
To continue reading this article...
Join now
Login
Read more on investmentweek.co.ukAbout this in other media
Scottish Mortgage's Tom Slater plans to vote against Saba at Baillie Gifford meetings investmentweek.co.uk /5 days ago
FCA 'monitoring' developments in Saba saga investmentweek.co.uk /5 days ago
Saba pushes Herald up to a premium as it 'aggressively' buys up shares in bid to 'force through agenda' investmentweek.co.uk /5 days ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
