Boaz Weinstein

Jan 9, 2025 | dailybusinessgroup.co.uk | Terry Murden |Baillie Gifford |Boaz Weinstein |Saba Deals

Saba Capital Management is offering shareholders in Herald Investment Trust a full cash exit near net asset value if they back its efforts to replace the board. The New York based asset manager, led by Boaz Weinstein, is targeting seven investment trusts, demanding that they fire their boards and hire new directors.

Jan 6, 2025 | dailybusinessgroup.co.uk | Terry Murden |Baillie Gifford |Boaz Weinstein

A rift between seven investment trusts and an activist investor has become more aggressive as they exchanged a series of statements. Boaz Weinstein, founder of the New York-based hedge fund Saba Capital, launched a campaign to oust the boards of seven trusts on 18 December. Saba has accumulated stakes ranging from 19% to 29% in the trusts, which include Baillie Gifford US Growth Trust, Edinburgh Worldwide, European Smaller Companies Trust and Keystone Positive Change Investment Trust.

Oct 29, 2024 | institutionalinvestor.com | Boaz Weinstein |James Comtois |Michael Thrasher

Despite America’s political divisions, most of us agree that the right to vote is sacrosanct. Your right to participate in democratic processes, like next week’s presidential election, is one you do not expect to come under attack. A similar value has long applied to public companies: if you own a company’s stock, you have the right to be heard at annual shareholder meetings. But now that right is being challenged by the New York Stock Exchange and Cboe Global Markets.

Oct 24, 2024 | ng.investing.com | Saba Capital |Boaz Weinstein

NEW YORK—Saba Capital Management, L.P. and Boaz Weinstein, both significant shareholders of BlackRock (NYSE:) Capital Allocation Term Trust (NYSE:BCAT), have sold shares worth approximately $700,625, according to a recent filing with the Securities and Exchange Commission. The transactions occurred over two days. On October 22, 19,442 shares were sold at a price of $16.20 per share. The following day, October 23, saw the sale of 23,895 shares at $16.14 per share.

Jun 13, 2024 | chiangraitimes.com | Boaz Weinstein

(CTN News) – In its efforts to reform BlackRock closed-end funds, Boaz Weinstein’s Saba Capital was supported by Institutional Shareholder Services. Considering that the funds are currently trading at a discount to their net asset value, also known as NAV, Saba has initiated a campaign with the intention of electing its own director candidates to the boards of 10 closed-end funds managed by BlackRock.