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
Baillie Gifford US Growth Trust
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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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Baillie Gifford US trust reveals portfolio changes as it seeks to close 17.6% discount
The trust has sold several holdings including Peloton, Carvana and First Republic