"It's time for new management at BPRE. Read about the dumpster🔥 of their own making at fireBLUEROCK.com," Saba Founder Boaz Weinstein wrote on X.
Boaz Weinstein's firm plans to solicit shareholder proxies as it seeks to terminate the closed-end fund's manager and pursue board changes.
We dive into the June performance, portfolio composition, and other details of the FTSE 250-listed fund, which targets investments through primaries, secondaries, and co-investments.
The vote follows the board's termination of Octagon and clears the condition for the fund's previously announced liquidity plan.
"Octagon's proposals do not amount to a real plan forward," XAI president Kimberly Flynn exclusively told EvergreenLink.
Shareholders in the closed-end traded fund have until August 6 to approve the King Street sub-advisory agreement, as former sub-advisor Octagon denounced the decision arguing insufficient support.
