Saba Capital Launches Campaign to Deliver Value to Shareholders of Seven U.K. Investment Trusts
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 18 2024
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Source: Businesswire
Saba Capital Management's Actions: Saba Capital Management has requisitioned general meetings for seven investment trusts to vote on removing current directors and appointing new ones, citing poor performance and failure to address trading discounts to net asset value (NAV).
Proposed Changes and Goals: Saba aims to reconstitute the boards with qualified candidates to improve shareholder returns, implement liquidity options, and potentially replace existing investment managers to enhance overall trust performance.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
