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

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 Announces Withdrawal of Municipal Closed-End Fund Merger Proposals

NEW YORK--(BUSINESS WIRE)--The Boards of Directors/Trustees of BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE: MIY), BlackRock MuniYield Pennsylvania Quality Fund (NYSE: MPA), BlackRock Virginia Municipal Bond Trust (NYSE: BHV), BlackRock Investment Quality Municipal Trust, Inc. (NYSE: BKN) and BlackRock MuniYield Quality Fund III, Inc. (NYSE: MYI) (each, a “Fund” and collectively, the “Funds”) today announced the withdrawal of merger proposals that were previously approved by the Boards.

Business Wire • Oct 30, 2023

BlackRock Announces Board Approval of Municipal Closed-End Fund Mergers

NEW YORK--(BUSINESS WIRE)--BlackRock Advisors, LLC announced today that the Boards of Directors/Trustees of BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE: MIY), BlackRock MuniYield Pennsylvania Quality Fund (NYSE: MPA), BlackRock Virginia Municipal Bond Trust (NYSE: BHV), BlackRock Investment Quality Municipal Trust, Inc. (NYSE: BKN) and BlackRock MuniYield Quality Fund III, Inc. (NYSE: MYI) (each, a “Fund” and collectively, the “Funds”) have approved the mergers of each of MIY, MPA, BHV and BKN with and into MYI, with MYI continuing as the surviving Fund (collectively, the “Mergers”).

Business Wire • Sep 8, 2023

Cobalt Miners News For The Month Of July 2023

Cobalt spot prices were significantly higher for the month. LME inventory was unchanged for the month. Cobalt market news - "Most analysts predict supply will continue to exceed demand in 2023". LFP batteries extend dominance over NCM batteries in China. Cobalt miners news - Glencore H1, 2023 production of 21,700 tonnes of cobalt, up 5% YoY. CMOC agrees to pay Congo's Gecamines $800 million to end spat.

Seeking Alpha • Jul 26, 2023

Municipal Closed-End Funds: Near-Term Pain, Long-Term Gain?

Municipal Closed-End Funds: Near-Term Pain, Long-Term Gain?.

Seeking Alpha • Apr 26, 2023