BlackRock Credit Allocation Income Trust: Delaware Court Rejects Saba Nominees
On January 13, 2020, the Delaware Supreme Court ruled that the trustee candidates nominated by Saba Capital Master Fund were ineligible for election at the Fund's 2019 annual shareholder meeting, so votes for them are invalid. The filing declares four other nominees, who each received a plurality of votes cast, duly elected as Class III trustees, which determines who sits on the Fund's board.
Key points
- Ruling date: January 13, 2020, by the Supreme Court of the State of Delaware
- Votes received for Saba's nominees are invalid
- Elected Class III trustees: Richard E. Cavanagh, Cynthia L. Egan, Robert Fairbairn and Henry Gabbay
- Trustees serve until the later of the 2022 annual meeting or until a successor is elected and qualifies
The filing
Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 17, 2020.
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.