BlackRock Enhanced Equity Dividend Trust Enters Standstill Agreement with Saba Capital Management

On January 20, 2025, BlackRock Enhanced Equity Dividend Trust, in conjunction with BlackRock Advisors, LLC, the Investment Advisor, finalized a standstill agreement with Saba Capital Management, L.P. (“Saba”). The agreement, known as the “Standstill Agreement,” entails various conditions binding Saba, the Fund, and the Investment Advisor for the duration of its validity.

The key aspects of the agreement require Saba to adhere to specific customary standstill covenants and to vote its common shares of beneficial interest, if any, in alignment with the suggestions put forth by the Fund’s Board of Trustees on all matters presented to shareholders.

The Standstill Agreement shall remain in force until the day following the conclusion of the Fund’s 2027 annual meeting of shareholders or August 31, 2027, whichever occurs first, unless a mutual termination is agreed upon beforehand by the parties involved. A detailed copy of the Standstill Agreement has been included as Exhibit 10.1 in the report and is referenced within this disclosure.

Furthermore, pursuant to Item 9.01, the company will furnish the Standstill Agreement dated January 20, 2025, as Exhibit 10.1 and the Cover Page Interactive Data File, embedded within the Inline XBRL document, as Exhibit 104.

Following the regulatory requirements of the Securities Exchange Act of 1934, BlackRock Enhanced Equity Dividend Trust, by its Secretary Janey Ahn, has duly authorized this report to be signed on its behalf as of January 21, 2025.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read BlackRock Enhanced Equity Dividend Trust’s 8K filing here.

About BlackRock Enhanced Equity Dividend Trust

BlackRock Enhanced Equity Dividend Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies across all market capitalizations.