(Alliance News) - Edinburgh Worldwide Investment Trust PLC on Thursday warned its shareholders to "not be fooled" in a response to a second call from activist investor Saba Capital Management LP to replace its board. Read More
(Correcting Saba quote.) Read More
(Alliance News) - Baillie Gifford US Growth Trust PLC and Edinburgh Worldwide Investment Trust PLC on Tuesday outlined a proposed merger, but the tie-up was derailed by activist investor Saba Capital Management LP. Read More
(Alliance News) - Stock prices in London opened slightly higher on Tuesday, with bank shares offering early support as European markets nudged upward. Read More
(Alliance News) - Baillie Gifford US Growth Trust PLC and Edinburgh Worldwide Investment Trust PLC on Tuesday outlined a proposed merger, but the tie-up was derailed by activist investor Saba Capital Management LP. Read More
(Alliance News) - UK house price inflation eases in November but edges higher month-on-month, Nationwide says, while Endeavour Mining sets a five-year target to discover up to 15 million ounces of new resources. Read More
(Alliance News) - Edinburgh Worldwide Investment Trust PLC on Thursday responded to calls from agitator investor Saba Capital Management LP to replace its board. Read More
(Alliance News) - Edinburgh Worldwide Investment Trust PLC on Wednesday announced a dip in net asset value amid "significant volatility" but noted a strong funded order backlog for one of its largest detractors. Read More
(Alliance News) - Edinburgh Worldwide Investment Trust PLC on Friday said none of the resolutions proposed by Saba Capital Management LP were passed at a requisitioned board meeting. Read More
(Alliance News) - Saba Capital Management LP on Monday said it intends to requisition general meetings at four trusts, targeting proposals for liquidity at net asset value and the transition of the trusts to open-ended funds. Read More
(Alliance News) - Edinburgh Worldwide Investment Trust PLC on Monday called on investors to reject plans by Saba Capital Management LP as it reported a rise in net asset value. Read More
(Alliance News) - Saba Capital Management LP on Monday addressed "misleading" claims as it continues to push for management change at seven investment trusts. Read More
(Alliance News) - Herald Investment Trust PLC on Thursday urged shareholders to vote against resolutions proposed by Saba Capital Management LP at the upcoming general meeting, citing the hedge fund’s track record of underperformance and the potential for significant value loss under its proposed strategy. Read More
(Alliance News) - Saba Capital Management LP on Thursday offered shareholders of Herald Investment Trust PLC a full cash exit at 99% of net asset value if Saba's attempts to reconfigure the board are successful. Read More
(Alliance News) - Keystone Positive Change Investment Trust PLC on Tuesday said Saba Capital Management LP has "dramatically overstated" its underperformance, as Saba aims to drive management shake-ups at several "underwhelming" firms in its portfolio. Read More
(Alliance News) - Edinburgh Worldwide Investment Trust PLC on Monday asked shareholders to vote against motions proposed by Saba Capital Management LP, which criticised "underwhelming" performance at seven London-listed trusts last month. Read More
(Alliance News) - Keystone Positive Change Investment Trust PLC on Monday urged shareholders to vote against motions proposed by Saba Capital Management LP, which criticised "underwhelming" performance at seven London-listed trusts. Read More
Edinburgh Worldwide Investment Trust PLC - Edinburgh-based investor - Says Saba Capital's December 18 requisition notice to replace the board and appoint alternative directors had named a nominee who was not a registered holder of sufficient shares according to the Companies Act of 2006. As such, the chair has asked Saba if it would like to resubmit a valid notice. Should Saba resubmit, and a general meeting be called, Edinburgh urges "all shareholders to vote against these resolutions" as "Saba has proposed a series of actions that the Board believes are against the shareholders' best interests". Read More
(Alliance News) - Herald Investment Trust PLC on Friday urged shareholders to vote against motions proposed by Saba Capital Management LP, which had last month hit out at an "underwhelming" performance at a number of London-listed trusts. Read More
(Alliance News) - The seven investments trusts called out for poor performance by Saba Capital Management LP defended themselves in statements issued on Wednesday and Thursday. Read More