14 material Form 8-K filings that 14 companies we cover made with the SEC in February 2023, each read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). All of them were written later, when past filings were added: a selection, not every 8-K of the month (see the note below).
On January 26, 2023, the fund's Board of Trustees voted to exempt all prior and new purchases of fund shares that might otherwise be deemed Control Share Acquisitions from the fund's control share by-law provisions, until further notice. The move followed a January 23, 2023 Massachusetts Superior Court ruling in litigation brought by Saba Capital Master Fund, which found the control share by-law violates Section 18(i) of the Investment Company Act of 1940.
Board vote dated January 26, 2023 exempts prior and new purchases of fund shares from Article XIII of the By-Laws on a going forward basis.
Massachusetts Superior Court ruling on January 23, 2023 held the Control Share By-Law violates Section 18(i) of the Investment Company Act of 1940.
The control share by-law was adopted by the Board in August 2020; the litigation is ongoing and appeal decisions are pending.
The Board said it will keep monitoring legal developments and may take additional actions in the future.
On January 26, 2023, the Fund's Board of Trustees voted to exempt, on a going forward basis, all prior and new purchases of Fund shares that might otherwise be deemed Control Share Acquisitions under the Fund's By-Laws from the control share by-law provisions. The move followed a January 23, 2023 Massachusetts Superior Court ruling in litigation brought by Saba Capital Master Fund, Ltd., which held that the Control Share By-Law violates Section 18(i) of the Investment Company Act of 1940, while the court sided with the Board on the fiduciary duty claim. For shareholders, the exemption means buyers of Fund shares that would otherwise trigger the by-law's voting restrictions can vote their shares, and the litigation remains ongoing.
Board exemption voted on January 26, 2023, effective until further notice
Massachusetts Superior Court ruling on January 23, 2023 held the Control Share By-Law violates Section 18(i) of the Investment Company Act of 1940
Court granted the Funds' and Board's motion on Saba's fiduciary duty claim; litigation is ongoing and appeal decisions are pending
On January 26, 2023, the Fund's Board of Trustees voted to exempt, on a going forward basis, all prior and new purchases of Fund shares that might otherwise be deemed control share acquisitions under the Fund's By-Laws, until further notice. The move followed a January 23, 2023 Massachusetts Superior Court ruling that the control share by-law violates Section 18(i) of the Investment Company Act of 1940, while the litigation continues. For shareholders, the exemption means shares acquired in such purchases are not subject to the by-law's voting restrictions unless the Board changes its decision.
Board vote dated January 26, 2023 exempts prior and new control share acquisitions of Fund shares until further notice
Massachusetts Superior Court ruling on January 23, 2023 held the control share by-law violates Section 18(i) of the Investment Company Act of 1940 and granted summary judgment on Saba Capital Master Fund's rescission claim
Court also granted the Funds' and Board's motion on Saba's fiduciary duty claim; the litigation is ongoing and appeal decisions will follow the remaining issues
Exhibit 99.1 announcement dated January 26, 2023 covers multiple Eaton Vance closed-end funds, including the Fund (NYSE: ETB)
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Briefs marked “Written later” were written in November 2026 for filings that were by then more than three weeks old, so months before mid-October 2026 hold a selection: every material 8-K of the past year for the 100 largest companies we cover and the last 15 important 8-Ks of every other one. Briefs the number check holds back are not shown or counted. Also: the last 45 days, briefs by company, A–Z and the live SEC filings wire.