Saba loses Keystone and Baillie Gifford US Growth votes
Non-Saba shareholders almost unanimously voted against the proposals at each investment trust
Investment Trusts
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Gresham House Energy Storage fund lowers management fee
New fee arrangement ‘better reflects current market conditions and investor sentiment’
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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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Downing Strategic Micro-Cap sets out latest proposals for voluntary liquidation
Liquidators would begin returning cash to shareholders in March
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Aurora UK Alpha: Survival of the biggest
Aurora and Artemis Alpha’s £260.9m merger was the last in a record-high year for M&A deals in 2024
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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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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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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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Home REIT publishes overdue 2023 results as board steps down
£71.4m decrease in the fair value of its investment properties over the 2023 financial year
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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’
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Keystone postpones wind down proposals due to Saba action
Board had proposed rolling the trust into the open-ended Baillie Gifford Positive Change fund