Articles
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Jan 4, 2024 |
jdsupra.com | Sean Donahue |Eduardo Gallardo |David Hearth
Recent decisions from the U.S. Court of Appeals for the Second Circuit and the U.S. District Court for the Southern District of New York have brought attention to anti-takeover strategies employed by registered closed-end investment companies amidst shareholder activism campaigns. Please see full publication below for more information. Download PDF
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Jan 4, 2024 |
lexology.com | Sean Donahue |Eduardo Gallardo |David Hearth
Recent decisions from the U.S. Court of Appeals for the Second Circuit (Second Circuit) and the U.S. District Court for the Southern District of New York (SDNY) have brought attention to anti-takeover strategies employed by registered closed-end investment companies amidst shareholder activism campaigns. These rulings highlight the scrutiny placed on the legality and effectiveness of certain defensive tactics. In Saba Capital CEF Opportunities1, Ltd. et al. v. Nuveen Floating Rate Income Fund et al.
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