Saba Capital Management has stepped up its campaign at Baillie Gifford US Growth Trust, proposing three new directors and calling for a full cash exit for shareholders at or near net asset value.
The activist investor, the trust’s largest shareholder, has put forward Jason Chen, Thomas H. McGlade and Sir James Waterlow for election at the company’s upcoming AGM.
Saba said the nominees, if elected, should seek to provide shareholders with a 100% cash exit, arguing that investors have suffered fro...
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