Saba Capital Reaches Agreements with Two BlackRock Closed-End Funds
NEW YORK, January 21, 2025--Saba Capital Management, L.P. (together with certain of its affiliates, "Saba") today announced that it has entered into standstill agreements (the "Agreements") with BlackRock Advisors, LLC, which is the investment advisor of the BlackRock Innovation and Growth Term Trust (NYSE: BIGZ) and the BlackRock Health Sciences Term Trust (NYSE: BMEZ) (the "Funds"), following constructive negotiations. Under the terms of the Agreements, BIGZ will conduct a tender offer to purc