Karpus Management and Brooklyn Capital Management agree on BlackRock closed-end funds.
ByAinvest
Thursday, Jan 1, 2026 12:40 am ET1min read
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Karpus Management and Brooklyn Capital Management have agreed to settle a dispute with BlackRock registered closed-end funds over the ownership of a convertible note. The settlement includes a payment of $10 million and the transfer of ownership of the note to BlackRock. The agreement also includes provisions for the termination of a 2007 agreement and the release of all claims between the parties.
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