Saba loses Keystone and Baillie Gifford US Growth votes
Non-Saba shareholders almost unanimously voted against the proposals at each investment trust
Saba Capital
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AIC calls for company law amendments to widen voting access following Saba votes
Amendments to company law would require platforms to opt in investors automatically to receive company information and voting rights
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Herald shareholders reject Saba proposals
Outside of Saba’s shares, only 0.15% of the votes cast were in favour of Saba’s proposals to replace the trust’s board
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BlackRock enters pact with Saba to ‘not seek to control or influence the board’
Trusts managed by BlackRock have been assured by Saba that it would not oust and replace their boards
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Edinburgh Worldwide releases full-year results ahead of Saba vote
Results ahead of vote to remove current board at the encouragement of Saba Capital
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Saba’s Weinstein fights back at criticism over trust plans
Saba CEO confirmed the hedge fund would seek to merge trusts into a single vehicle and invest back into UK assets
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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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Update: Saba plans full cash exit option for Herald
Herald board responds to Saba’s announced plans to offer a cash exit, should its attempts to appoint its own directors be successful
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Janus Henderson: Saba trying to ‘take control of your company’
Trusts urge shareholders to vote against resolutions in February meetings
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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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Trusts targeted by Saba campaign urge shareholders ‘take no action’
The US activist plans to replace the boards of seven trusts, in what some call an ‘entirely self-serving’ move
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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