Saba loses Keystone and Baillie Gifford US Growth votes
Non-Saba shareholders almost unanimously voted against the proposals at each investment trust
Keystone Positive Change
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Keystone postpones wind down proposals due to Saba action
Board had proposed rolling the trust into the open-ended Baillie Gifford Positive Change fund
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Baillie Gifford: ‘We are appalled by Saba’s actions and conduct’
The US hedge fund’s ‘self-serving and destructive proposals’ are a veiled attempt to take effective control of UK trusts
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Saba Capital launches campaign to replace seven investment trust boards
Activist investor is seeking to replace the boards of Baillie Gifford US Growth, Henderson Opportunities and more
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Keystone Positive Change board considers folding into open-ended vehicle
Keystone Positive Change board is consulting over a potential rollover into the £1.8bn Baillie Gifford Positive Change fund