Blue Owl investors shun cut-price exit offer from Boaz Weinstein

blue owl investors passed on boaz weinstein's offer to buy their shares at 65 cents on the dollar. saba capital, weinstein's firm, had pitched the cut-price exit to shareholders of the private credit fund. the offer failed to attract sellers, meaning most investors chose to hold rather than sell at a steep discount. the fund's shares trade below net asset value, a common issue for closed-end funds in the private credit space.