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
Amendments to company law would require platforms to opt in investors automatically to receive company information and voting rights
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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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Trusts managed by BlackRock have been assured by Saba that it would not oust and replace their boards
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Results ahead of vote to remove current board at the encouragement of Saba Capital
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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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Board had proposed rolling the trust into the open-ended Baillie Gifford Positive Change fund
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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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Trusts urge shareholders to vote against resolutions in February meetings
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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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The US activist plans to replace the boards of seven trusts, in what some call an ‘entirely self-serving’ move
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Activist investor is seeking to replace the boards of Baillie Gifford US Growth, Henderson Opportunities and more
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The hedge fund promises to disrupt the investment trust industry
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