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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Investment Trusts
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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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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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Home REIT publishes overdue 2023 results as board steps down
£71.4m decrease in the fair value of its investment properties over the 2023 financial year
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ISS recommends Herald shareholders to vote against Saba proposals
Independent proxy adviser said Saba has ‘not presented a compelling case for 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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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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Chrysalis settles Revolution Beauty claim
Chrysalis sold its position in Revolution Beauty, which it had bought for £45m, for a near 90% loss in 2022
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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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Artemis gains Invesco Perpetual UK Smaller Companies mandate
Trust to be run by Mark Niznik and Will Tamworth
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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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Nick Train: Sage went from my worst detractor to my best performer
His second biggest holding dragged on Finsbury Growth and Income’s performance in 2024, but leapt a whopping 35% in November