Tag : BlackRock Virginia Municipal Bond Trust (

BlackRock Announces Withdrawal of Municipal Closed-End Fund Merger Proposals
Finance Fintech News

BlackRock Announces Withdrawal of Municipal Closed-End Fund Merger Proposals

Business Wire
An activist hedge fund is opposing the mergers to further its own short-term agenda, causing unsustainable proxy solicitation costs should the mergers proceed The withdrawal occurs despite strong support from retail shareholders who have benefitted from 48 BlackRock closed-end fund mergers since 2010 All shareholders were expected to benefit from......
1