TILLIT scraps Darwall’s European Opportunities trust over ‘structural challenges’
Its shift of investment strategy, ‘disrupting’ tender offer and pressure from activist shareholders has led to ‘waning confidence’
Saba
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Saba Capital withdraws Middlefield Canadian Income requisition
Requisition notice has been withdrawn for 60 days after “constructive discussions” between Saba and the investment trust’s board
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Herald Investment trust fears Saba-triggered wind-up
No major shareholders have made any indication of voting against continuation
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Saba voted down for seventh time in trust takeovers
Edinburgh Worldwide Investment Trust shareholders vote against Saba proposals
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Retail investors step up in Saba trust votes
Between 69% and 76% of shares on ii platform voted on
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Saba loses Henderson Opportunities and CQS votes
Some 65.4% of votes cast rejected the proposals, with almost all in favour coming from Saba
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BlackRock launches two US equity ETFs to European Investors
BlackRock ETFs offer exposure to Nasdaq 100
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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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Edison: Saba’s ‘sub-par corporate governance’ could breach FCA rules without more independents
Saba could be breaking the FCA’s rules around board independence, according to Edison
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AIC raises concerns over Saba with FCA
AIC calls on platforms to reach out to investors to encourage voting for trusts
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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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ISS recommends Herald shareholders to vote against Saba proposals
Independent proxy adviser said Saba has ‘not presented a compelling case for change’