{"id":394257,"date":"2020-12-07T08:08:11","date_gmt":"2020-12-07T13:08:11","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=394257"},"modified":"2020-12-07T08:08:11","modified_gmt":"2020-12-07T13:08:11","slug":"saba-capital-reaches-agreement-with-royce-global-value-trust-inc-to-tender-50-of-its-shares","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/saba-capital-reaches-agreement-with-royce-global-value-trust-inc-to-tender-50-of-its-shares\/","title":{"rendered":"Saba Capital Reaches Agreement with Royce Global Value Trust, Inc. to Tender 50% of its Shares"},"content":{"rendered":"

<\/p>\n

Saba Capital Reaches Agreement with Royce Global Value Trust, Inc. <\/b>to Tender 50% of its Shares<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nSaba Capital Management, L.P. and certain associated parties (collectively \u201cSaba\u201d) today announced that it has reached an agreement with Royce Global Value Trust, Inc. (NYSE: RGT) (the \u201cFund\u201d).\n<\/p>\n

\nUnder the terms of the agreement, the Fund shall amend the terms of its Tender Offer Statement on Schedule TO filed on October 28, 2020 to reflect a revised tender offer to purchase for cash up to 50% of its outstanding common shares at a price per Share equal to 100% of the Fund\u2019s net asset value per Share with an expiration date of 11:59 p.m., New York City time on December 21, 2020 (the \u201cRevised Tender Offer\u201d). The Fund will repurchase shares tendered and accepted in the Revised Tender Offer in exchange for cash.\n<\/p>\n

About Saba Capital<\/b><\/p>\n

\nSaba Capital Management, L.P. is an Investment Adviser based in New York. Launched in 2009, Saba currently manages assets across three core strategies: Credit Relative Value, Tail Hedge and Closed-End Funds.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201207005507\/en\/<\/a><\/span><\/p>\n

Investors
\n<\/b>
Leah Jordan
\n
Investor Relations
\n
Leah.Jordan@sabacapital.com<\/a><\/p>\n

Media
\n<\/b>
Gasthalter & Co.
\n
Jonathan Gasthalter\/Amanda Klein
\n
212-257-4170\n<\/p>\n

KEYWORDS:<\/b> New York United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Consulting Banking Professional Services Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Saba Capital Reaches Agreement with Royce Global Value Trust, Inc. to Tender 50% of its Shares NEW YORK–(BUSINESS WIRE)– Saba Capital Management, L.P. and certain associated parties (collectively \u201cSaba\u201d) today announced that it has reached an agreement with Royce Global Value Trust, Inc. (NYSE: RGT) (the \u201cFund\u201d). Under the terms of the agreement, the Fund shall amend the terms of its Tender Offer Statement on Schedule TO filed on October 28, 2020 to reflect a revised tender offer to purchase for cash up to 50% of its outstanding common shares at a price per Share equal to 100% of the Fund\u2019s net asset value per Share with an expiration date of 11:59 p.m., New York City time on December 21, … <\/p>\n

Continue reading “Saba Capital Reaches Agreement with Royce Global Value Trust, Inc. to Tender 50% of its Shares”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-394257","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSaba Capital Reaches Agreement with Royce Global Value Trust, Inc. to Tender 50% of its Shares - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/saba-capital-reaches-agreement-with-royce-global-value-trust-inc-to-tender-50-of-its-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saba Capital Reaches Agreement with Royce Global Value Trust, Inc. to Tender 50% of its Shares - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Saba Capital Reaches Agreement with Royce Global Value Trust, Inc. to Tender 50% of its Shares NEW YORK–(BUSINESS WIRE)– Saba Capital Management, L.P. and certain associated parties (collectively \u201cSaba\u201d) today announced that it has reached an agreement with Royce Global Value Trust, Inc. (NYSE: RGT) (the \u201cFund\u201d). Under the terms of the agreement, the Fund shall amend the terms of its Tender Offer Statement on Schedule TO filed on October 28, 2020 to reflect a revised tender offer to purchase for cash up to 50% of its outstanding common shares at a price per Share equal to 100% of the Fund\u2019s net asset value per Share with an expiration date of 11:59 p.m., New York City time on December 21, … Continue reading "Saba Capital Reaches Agreement with Royce Global Value Trust, Inc. to Tender 50% of its Shares"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/saba-capital-reaches-agreement-with-royce-global-value-trust-inc-to-tender-50-of-its-shares\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-07T13:08:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20201207005507r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/saba-capital-reaches-agreement-with-royce-global-value-trust-inc-to-tender-50-of-its-shares\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/saba-capital-reaches-agreement-with-royce-global-value-trust-inc-to-tender-50-of-its-shares\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Saba Capital Reaches Agreement with Royce Global Value Trust, Inc. to Tender 50% of its Shares\",\"datePublished\":\"2020-12-07T13:08:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/saba-capital-reaches-agreement-with-royce-global-value-trust-inc-to-tender-50-of-its-shares\\\/\"},\"wordCount\":235,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/saba-capital-reaches-agreement-with-royce-global-value-trust-inc-to-tender-50-of-its-shares\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20201207005507r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/saba-capital-reaches-agreement-with-royce-global-value-trust-inc-to-tender-50-of-its-shares\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/saba-capital-reaches-agreement-with-royce-global-value-trust-inc-to-tender-50-of-its-shares\\\/\",\"name\":\"Saba Capital Reaches Agreement with Royce Global Value Trust, Inc. to Tender 50% of its Shares - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/saba-capital-reaches-agreement-with-royce-global-value-trust-inc-to-tender-50-of-its-shares\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/saba-capital-reaches-agreement-with-royce-global-value-trust-inc-to-tender-50-of-its-shares\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20201207005507r1&sid=flmnd&distro=nx&lang=en\",\"datePublished\":\"2020-12-07T13:08:11+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/saba-capital-reaches-agreement-with-royce-global-value-trust-inc-to-tender-50-of-its-shares\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/saba-capital-reaches-agreement-with-royce-global-value-trust-inc-to-tender-50-of-its-shares\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/saba-capital-reaches-agreement-with-royce-global-value-trust-inc-to-tender-50-of-its-shares\\\/#primaryimage\",\"url\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20201207005507r1&sid=flmnd&distro=nx&lang=en\",\"contentUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20201207005507r1&sid=flmnd&distro=nx&lang=en\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/saba-capital-reaches-agreement-with-royce-global-value-trust-inc-to-tender-50-of-its-shares\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Saba Capital Reaches Agreement with Royce Global Value Trust, Inc. to Tender 50% of its Shares\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Saba Capital Reaches Agreement with Royce Global Value Trust, Inc. to Tender 50% of its Shares - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/saba-capital-reaches-agreement-with-royce-global-value-trust-inc-to-tender-50-of-its-shares\/","og_locale":"en_US","og_type":"article","og_title":"Saba Capital Reaches Agreement with Royce Global Value Trust, Inc. to Tender 50% of its Shares - Market Newsdesk","og_description":"Saba Capital Reaches Agreement with Royce Global Value Trust, Inc. to Tender 50% of its Shares NEW YORK–(BUSINESS WIRE)– Saba Capital Management, L.P. and certain associated parties (collectively \u201cSaba\u201d) today announced that it has reached an agreement with Royce Global Value Trust, Inc. (NYSE: RGT) (the \u201cFund\u201d). Under the terms of the agreement, the Fund shall amend the terms of its Tender Offer Statement on Schedule TO filed on October 28, 2020 to reflect a revised tender offer to purchase for cash up to 50% of its outstanding common shares at a price per Share equal to 100% of the Fund\u2019s net asset value per Share with an expiration date of 11:59 p.m., New York City time on December 21, … Continue reading \"Saba Capital Reaches Agreement with Royce Global Value Trust, Inc. to Tender 50% of its Shares\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/saba-capital-reaches-agreement-with-royce-global-value-trust-inc-to-tender-50-of-its-shares\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-07T13:08:11+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20201207005507r1&sid=flmnd&distro=nx&lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/saba-capital-reaches-agreement-with-royce-global-value-trust-inc-to-tender-50-of-its-shares\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/saba-capital-reaches-agreement-with-royce-global-value-trust-inc-to-tender-50-of-its-shares\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Saba Capital Reaches Agreement with Royce Global Value Trust, Inc. to Tender 50% of its Shares","datePublished":"2020-12-07T13:08:11+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/saba-capital-reaches-agreement-with-royce-global-value-trust-inc-to-tender-50-of-its-shares\/"},"wordCount":235,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/saba-capital-reaches-agreement-with-royce-global-value-trust-inc-to-tender-50-of-its-shares\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20201207005507r1&sid=flmnd&distro=nx&lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/saba-capital-reaches-agreement-with-royce-global-value-trust-inc-to-tender-50-of-its-shares\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/saba-capital-reaches-agreement-with-royce-global-value-trust-inc-to-tender-50-of-its-shares\/","name":"Saba Capital Reaches Agreement with Royce Global Value Trust, Inc. to Tender 50% of its Shares - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/saba-capital-reaches-agreement-with-royce-global-value-trust-inc-to-tender-50-of-its-shares\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/saba-capital-reaches-agreement-with-royce-global-value-trust-inc-to-tender-50-of-its-shares\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20201207005507r1&sid=flmnd&distro=nx&lang=en","datePublished":"2020-12-07T13:08:11+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/saba-capital-reaches-agreement-with-royce-global-value-trust-inc-to-tender-50-of-its-shares\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/saba-capital-reaches-agreement-with-royce-global-value-trust-inc-to-tender-50-of-its-shares\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/saba-capital-reaches-agreement-with-royce-global-value-trust-inc-to-tender-50-of-its-shares\/#primaryimage","url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20201207005507r1&sid=flmnd&distro=nx&lang=en","contentUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20201207005507r1&sid=flmnd&distro=nx&lang=en"},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/saba-capital-reaches-agreement-with-royce-global-value-trust-inc-to-tender-50-of-its-shares\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"Saba Capital Reaches Agreement with Royce Global Value Trust, Inc. to Tender 50% of its Shares"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/394257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=394257"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/394257\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=394257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=394257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=394257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}