BlackRock MuniHoldings NJ Quality Fund signs standstill agreement with Saba Capital
On January 20, 2025, the fund and its investment advisor, BlackRock Advisors, LLC, entered into a standstill agreement with Saba Capital Management, L.P. Under the agreement, Saba agreed to abide by customary standstill covenants and to vote any fund shares it holds in line with the Board of Directors' recommendation on matters submitted to shareholders. The agreement runs until the day after the fund's 2027 annual meeting or August 31, 2027, whichever is earlier, unless ended sooner.
Key points
- Agreement dated January 20, 2025, between the fund, BlackRock Advisors, LLC and Saba Capital Management, L.P.
- Saba agreed to vote any shares it holds as the Board of Directors recommends on matters put to shareholders.
- Agreement remains in effect until the day after the 2027 annual meeting or August 31, 2027, whichever is earlier.
- Full agreement filed as Exhibit 10.1 and incorporated by reference.
The filing
Written by AI on Nov 9, 2026, 8:29 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 21, 2025.
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.