Saba Capital Management has secured a notable victory in his campaign targeting UK-listed investment trusts, after Edinburgh Worldwide Investment Trust moved to support a shareholder exit proposal aligned with his strategy, according to a report by Bloomberg.
The trust, managed by Baillie Gifford, said it will proceed with tender offers that would allow investors to exit at net asset value, minus associated costs. These options may be executed in the near term or linked to a future liquidity eve...
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