Saba withdraws second requisition at CQS Natural Resources Growth & Income
Allowing the CQS Natural Resources board to complete a strategic review
Saba Capital
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Saba Capital’s Schroder UK Mid Cap requisition deemed invalid
Its nominee company did not hold sufficient shares at the time of the requisition notice
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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Requisition notice has been withdrawn for 60 days after “constructive discussions” between Saba and the investment trust’s board
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Saba demands second vote at CQS Natural Resources Growth
It wants to create an open-ended version of the trust, despite the board already undergoing a strategic review
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‘Significant shift in strategy’: Saba Capital targets four more investment trusts
Activist investor aims to convert each trust into an open-ended vehicle to provide the option of liquidity at NAV
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Saba suffers sixth defeat at European Smaller Companies Trust meeting
Saba Capital has so far failed to convince shareholders, receiving less than 2% of independent voting at each meeting
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Saba loses Keystone and Baillie Gifford US Growth votes
Non-Saba shareholders almost unanimously voted against the proposals at each investment trust
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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