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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

BlackRock Illegally Stripped Votes at its Closed-End Funds' 2023 Annual Meetings Saba Capital Management, L.P. ("Saba" or "we") today commented on the outcome of the lawsuit brought in the United States District Court