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Webinar: Saba Capital’s Campaign and Its Impact on Shareholders
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ShareSocUK
Posted: 17 January 2025 09:55:57(UTC)
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Date: 24th January 2025
 Time: 1:00 PM
 Format: Online Webinar

Saba Capital, a US hedge fund, has recently called for general meetings at seven investment trusts:
Baillie Gifford US Growth Trust (USA), Edinburgh Worldwide (EWI), Keystone Positive Change (KPC), Henderson Opportunities Trust (HOT), European Smaller Companies Trust (ESCT), CQS Natural Resources Growth & Income (CYN), Herald Investment Trust (HRI).

Unless other shareholders vote at these general meetings, Saba’s resolutions will pass, enabling Saba to take control of these trusts.


In this webinar, an expert panel, including Ros Altmann, James Carthew, and Richard Stone, will explore the implications of these developments, focusing on the broader issues surrounding shareholder democracy. Additionally, there will be a concise presentation on how shareholders, particularly those holding shares via brokers or platforms, can ensure their voting rights are effectively exercised.


Learn more and Register here: https://www.sharesoc.org...l&utm_campaign=saba


Watch the recording here: https://www.youtube.com/watch?v=hj8orO4SSeg
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4 users thanked ShareSocUK for this post.
Big boy on 17/01/2025(UTC), Sara G on 17/01/2025(UTC), Chico99 on 17/01/2025(UTC), Raj K on 17/01/2025(UTC)
Chico99
Posted: 17 January 2025 10:22:35(UTC)
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Joined: 09/04/2010(UTC)
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As we stood on Cardiff Queen Street station after a particularly boozy Xmas party in the early 80s the - I guess - newly introduced automated system announced that the train approaching was for the Rhymney Valley...only to be interrupted by a gruff human with "It's just blydi left!".
How we laughed.

Herald platform investors - the vote closes today.
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3 users thanked Chico99 for this post.
Sara G on 17/01/2025(UTC), Raj K on 17/01/2025(UTC), Ian Eccles on 18/01/2025(UTC)
Sara G
Posted: 17 January 2025 10:26:52(UTC)
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Thank you, I have registered.
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Raj K on 17/01/2025(UTC)
Big boy
Posted: 17 January 2025 10:42:56(UTC)
#4

Joined: 20/01/2015(UTC)
Posts: 6,685
At least SABA put their money on the table whereas many investors didn't . Many have made a good return as SABA has supported the varies Trusts most of which were in the hospital wards...

Its helped to balance the oversupply which is excellentt for the sector going forward.. Hopefully they will get to work soon on REITs and INFRA......

Some sleepy old giants have been awaken for now....dont worry the City will come back stronger...

Beware poachers turned gamekeepers... I will let you work that one out...
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Raj K
Posted: 17 January 2025 11:06:11(UTC)
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Big boy;331349 wrote:
At least SABA put their money on the table whereas many investors didn't . Many have made a good return as SABA has supported the varies Trusts most of which were in the hospital wards...

Its helped to balance the oversupply which is excellentt for the sector going forward.. Hopefully they will get to work soon on REITs and INFRA......

Some sleepy old giants have been awaken for now....dont worry the City will come back stronger...

Beware poachers turned gamekeepers... I will let you work that one out...



I hope SABA piss off back to the States.... we dont need vultures, we need people who are generally interested in being long term investors and using their influence on boards to compound value over the long term for all shareholders. Do we think the everyday mom and pop investor can go from one trust to another closing discounts... not realistic.... oh but SABA will do it for you.... join them..give them higher fees.. Judging by their records with the funds they already have, they are living in a dream world. The two captial income closed end funds they run currently have discounts....of near 8 and 9% too. Why are they having a go at trusts here when their own house isnt in order.
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5 users thanked Raj K for this post.
Big boy on 17/01/2025(UTC), Sara G on 17/01/2025(UTC), RKB on 17/01/2025(UTC), Dexi on 17/01/2025(UTC), Ian Eccles on 18/01/2025(UTC)
Big boy
Posted: 17 January 2025 11:27:50(UTC)
#6

Joined: 20/01/2015(UTC)
Posts: 6,685


I hope SABA piss off back to the States.... we dont need vultures, we need people who are generally interested in being long term investors and using their influence on boards to compound value over the long term for all shareholders. Do we think the everyday mom and pop investor can go from one trust to another closing discounts... not realistic.... oh but SABA will do it for you.... join them..give them higher fees.. Judging by their records with the funds they already have, they are living in a dream world. The two captial income closed end funds they run currently have discounts....of near 8 and 9% too. Why are they having a go at trusts here when their own house isnt in order.[/quote]

Thank you Raj......I am just trying to bring some balance to the issue. I couldn't care who wins..Many of us have seen it all before and don't worry the City is working together to protect themselves....
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1 user thanked Big boy for this post.
Raj K on 17/01/2025(UTC)
Sara G
Posted: 17 January 2025 12:45:36(UTC)
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I wish they wouldn't refer to 'mom and pop' investors. It's so patronising - Ben Ski uses that term when he wants to insult us! We're private investors. Some know more than others, for sure, but reducing us all to the lowest common denominator and pretending to advocate for us doesn't help their cause. Presumably they think we're too stupid to notice, and that anyone invested in an IT on a discount is susceptible to being persuaded that their needs are not being met.
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2 users thanked Sara G for this post.
RKB on 17/01/2025(UTC), Dexi on 17/01/2025(UTC)
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