On June 14, 2019, Saba Capital Management, L.P. (Saba) entered into three standstill agreements with Invesco Advisers, Inc. (Invesco) and three Invesco-managed registered closed-end funds. The agreements arose from proxy...more
6/20/2019
/ Activist Hedge Funds ,
Asset Class ,
Closed-End Funds ,
Defense Strategies ,
Hedge Funds ,
Liquidation ,
NAV ,
Proxy Contests ,
Retail Investors ,
Shareholder Activism ,
Shareholder Rights ,
Standstill Agreements
On June 5, 2013, the U.S. Securities and Exchange Commission (the SEC) released for public comment its proposal to further reform the regulatory structure governing money market funds and address the perceived systemic risks...more