Saba intends to hold BlackRock and its hand-picked Board members accountable for destroying billions in shareholder value at 10 CEFs.
FUND
Discount to Nav
BFZ
(8.26%)
BCAT
(9.79%)
ECAT
(9.58%)
BMEZ
(14.51%)
BIGZ
(17.10%)
MHN
(12.27%)
MYN
(12.05%)
MPA
(6.85%)
BNY
(10.73%)
BSTZ
(16.00%)
1 Chart #1 Source: Bloomberg. Data as of 04/30/2024. Past performance is no guarantee of future results. See important disclaimers: https://www.heyblackrock.com/disclaimer.
2 Chart#2 Source: Bloomberg, data as of 04/30/2024. Total Return is net of fees and expenses and is calculated from May 1, 2021 through April 30, 2024 (three-year period). Past Performance is no guarantee of future results. See important disclaimers here: https://www.heyblackrock.com/disclaimer.
3 Chart #3 Source: Bloomberg. Data as of 05/02/2024. Past performance is no guarantee of future results. See important disclaimers: https://www.heyblackrock.com/disclaimer.
4 See Fortune article entitled, “ESG-boosting billionaire Larry Fink sees the ‘revolution in shareholder democracy’ changing the ‘foundations of capitalism’” (November 3, 2022).
5 See Saba press release entitled, “U.S. District Court for the Southern District of New York Rules That Certain Closed-End Funds, Including Funds Advised by BlackRock, Violated the Investment Company Act of 1940” (December 7, 2023).
6 Institutional Shareholder Services. Permission to quote was neither sought not obtained.