BlackRock Announces Certified Results of 2024 Annual Meetings of Ten Contested Closed-End Funds

NEW YORK--(BUSINESS WIRE)--BlackRock Advisors, LLC (“BlackRock”) announced today the final certified voting results of the 2024 Annual Meetings of Shareholders (the “Annual Meetings”) of the ten closed-end funds contested by Saba Capital Management, L.P. (“Saba”): BlackRock Capital Allocation Term Trust (NYSE: BCAT) BlackRock California Municipal Income Trust (NYSE: BFZ) BlackRock Innovation and Growth Term Trust (NYSE: BIGZ) BlackRock Health Sciences Term Trust (NYSE: BMEZ) BlackRock New York.

Business Wire • Jul 23, 2024

Glass Lewis Supports ALL of BlackRock's Board Nominees and Rejects ALL of Saba's Proposals to Terminate BlackRock as Investment Adviser at Contested CEF Annual Meetings

NEW YORK--(BUSINESS WIRE)--BlackRock Advisors, LLC (“BlackRock”) announced today that leading independent proxy advisory firm Glass Lewis has issued recommendations for the reelection of ALL of BlackRock's Board nominees and against ALL proposals put forth by dissident shareholder Saba Capital Management, L.P. (“Saba”) at the upcoming contested meetings for ten closed-end funds advised by BlackRock. Glass Lewis has recommended that shareholders vote on the WHITE proxy card: FOR ALL Board nomine.

Business Wire • Jun 14, 2024

ISS Rejects ALL Proposals to Terminate BlackRock as Investment Adviser and Recommends Shareholders Support ALL BlackRock Board Nominees at BCAT, BMEZ, BNY, MPA on WHITE Proxy Card at Upcoming CEF Annual Meetings

NEW YORK--(BUSINESS WIRE)--BlackRock Advisors, LLC (“BlackRock”) announced today that Institutional Shareholder Services Inc. (“ISS”), a leading independent proxy advisory firm, has issued additional supportive reports for BlackRock and its Board nominees at several closed-end funds, and against the proposals put forth by dissident shareholder Saba Capital Management, L.P. (“Saba”). ISS has recommended that shareholders vote: AGAINST ALL proposals to terminate BlackRock as investment adviser of.

Business Wire • Jun 13, 2024

ISS Endorses ALL of Saba Capital's Nominees at the BlackRock Science and Technology Term Trust and BlackRock California Municipal Income Trust

NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (together with certain of its affiliates, “Saba” or “we”), a significant shareholder of 10 BlackRock closed-end funds (collectively, the “Funds” or the “CEFs”),1 today announced that Institutional Shareholder Services Inc. (“ISS”) has made the following recommendations: BSTZ shareholders should vote FOR all of Saba's nominees: David Locala, Athanassios Diplas and Alexander Vindman. BFZ shareholders should vote FOR all of Saba's nominees:.

Business Wire • Jun 11, 2024

Glass Lewis Recommends Shareholders Fully Support BlackRock Board Nominees at BFZ, BNY and MYN, and Reject Saba's Proposal to Terminate BlackRock as Investment Adviser of BFZ on WHITE Proxy Card at Upcoming CEF Annual Meetings

NEW YORK--(BUSINESS WIRE)--BlackRock Advisors, LLC (“BlackRock”) announced today that Glass Lewis joined Institutional Shareholder Services Inc. (“ISS”) in broad support for BlackRock and the incumbent Fund Board nominees at several funds and against the dissident shareholder's proposals. Glass Lewis recommended that shareholders vote: FOR ALL Board nominees at BlackRock California Municipal Income Trust (NYSE: BFZ); BlackRock New York Municipal Income Trust (NYSE: BNY) and BlackRock MuniYield.

Business Wire • Jun 11, 2024

Saba Capital Shares Key Facts That Reinforce the Urgent Need for Change at 10 BlackRock Closed-End Funds

NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (together with certain of its affiliates, “Saba” or “we”) today sent the below letter to shareholders of 10 BlackRock closed-end funds (collectively, the “Funds” or the “CEFs”)1 where Saba has nominated independent directors for election to the Funds' Boards of Trustees (the “Boards”) at the upcoming 2024 Annual Meetings of Shareholders (the “Annual Meetings”). *** May 30, 2024 FELLOW SHAREHOLDER – PROTECT YOUR INVESTMENT – VOTE GOLD FOR.

Business Wire • May 30, 2024

Weird Circumstance Makes These 8% Dividends An Urgent Buy

It's finally happening: Management fees on our favorite 8%+ paying assets—closed-end funds (CEFs)—are falling. And some are sending their already soaring dividends even higher, too.

Forbes • May 25, 2024

BlackRock Announces Increased Distribution Rates for Certain Municipal Closed-End Funds

NEW YORK--(BUSINESS WIRE)--Today, the Board of Directors/Trustees of BlackRock MuniYield Pennsylvania Quality Fund (NYSE: MPA) and BlackRock California Municipal Income Trust (NYSE: BFZ), (each a “Fund,” and collectively the “Funds”) announced distributions, which reflect distribution increases for the Funds. “We have taken this step to support shareholders of these Funds, consistent with our goal of delivering long-term value. We are focused on enhancing returns for our closed-end fund shareho.

Business Wire • May 20, 2024

Saba Capital Releases Presentation Detailing Plan to Deliver Enhanced Shareholder Value at 10 BlackRock Closed-End Funds

NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (together with its affiliates, “Saba” or “we”) today issued a presentation detailing its plan to deliver shareholder value at 10 BlackRock Advisors, LLC (“BlackRock”) closed-end funds (collectively, the “Funds”).1 The presentation can be viewed here. As a reminder, Saba has submitted proposals to (i.) elect new, independent directors to each of the Funds' Boards of Trustees, and (ii.) terminate the management agreement between BlackRock a.

Business Wire • May 20, 2024

BlackRock California Municipal Income Trust Annual Meeting Certified Results Show Full Sweep by Incumbent Trustees in Contested Election

NEW YORK--(BUSINESS WIRE)--BlackRock LLC (“BlackRock”) announced today that, based on the final certified voting results of the 2023 Annual Meeting of Shareholders (the “Annual Meeting”) of BlackRock California Municipal Income Trust (NYSE: BFZ) (the “Fund”), shareholders of the Fund's common and preferred shares voted to reelect all four BFZ Board Nominees: R. Glenn Hubbard, W. Carl Kester, Lorenzo A. Flores and John M. Perlowski. Shareholders rejected nominees submitted by dissident sharehold.

Business Wire • Jul 18, 2023