{"id":13919,"date":"2026-01-20T07:26:13","date_gmt":"2026-01-20T07:26:13","guid":{"rendered":"https:\/\/microvibenews.com\/?p=13919"},"modified":"2026-01-20T07:26:13","modified_gmt":"2026-01-20T07:26:13","slug":"trust-shareholders-vote-on-sabas-board-demands-daily-business","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=13919","title":{"rendered":"Trust shareholders vote on Saba&#8217;s board demands \u2013 Daily Business"},"content":{"rendered":"<p><\/p>\n<div>\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/01\/Boaz-Weinstein-of-Saba.png\" alt=\"Boaz Weinstein of Saba\" class=\"wp-image-174499 lazyload\" style=\"width:827px;height:auto\"\/><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" width=\"794\" height=\"533\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/01\/Boaz-Weinstein-of-Saba.png\" alt=\"Boaz Weinstein of Saba\" class=\"wp-image-174499 lazyload\" style=\"width:827px;height:auto\" srcset=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/01\/Boaz-Weinstein-of-Saba.png 794w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/01\/Boaz-Weinstein-of-Saba-300x201.png 300w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/01\/Boaz-Weinstein-of-Saba-768x516.png 768w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/01\/Boaz-Weinstein-of-Saba-600x403.png 600w\" sizes=\"(max-width: 794px) 100vw, 794px\"\/><figcaption class=\"wp-element-caption\"><em>Boaz Weinstein: wants control of Edinburgh trust<\/em><\/figcaption><\/figure>\n<p class=\"has-medium-font-size\">Shareholders in an Edinburgh trust will vote today on demands by a New York based activist to oust the board.<\/p>\n<p class=\"has-medium-font-size\">Saba Capital Management, led by Boaz Weinstein, wants to remove the directors of Edinburgh Worldwide Investment Trust (EWIT) and install its own nominees.<\/p>\n<p class=\"has-medium-font-size\">Two shareholder advisory groups, Glass Lewis and Institutional Shareholder Services, have called for the hedge fund\u2019s proposals to be rejected. Pensions group Legal &amp; General and the former pensions minster Baroness Altmann have also said it would be voting against all of Saba\u2019s resolutions.<\/p>\n<p class=\"has-medium-font-size\">Saba owns slightly more than 30% of\u00a0the Baillie Gifford managed trust and the vote could be closer than the overwhelming rejection of similar proposals last February.<\/p>\n<p class=\"has-medium-font-size\">Mr Weinstein claims the \u00a3784m trust has underperformed. However, since that last vote the share price has risen.<\/p>\n<p class=\"has-medium-font-size\">The move has forced other trusts to bolster their defences. Some are hiring PR firms with experience in handling hostile approaches.<\/p>\n<p><!-- Simple Share Buttons Adder (8.5.3) simplesharebuttons.com -->           \t            <\/div>\n<p><script>\n!function(f,b,e,v,n,t,s)\n{if(f.fbq)return;n=f.fbq=function(){n.callMethod?\nn.callMethod.apply(n,arguments):n.queue.push(arguments)};\nif(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\nn.queue=[];t=b.createElement(e);t.async=!0;\nt.src=v;s=b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t,s)}(window,document,'script',\n'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n fbq('init', '1192059580980274'); \nfbq('track', 'PageView');\n<\/script>#Trust #shareholders #vote #Sabas #board #demands #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boaz Weinstein: wants control &hellip; <\/p>\n","protected":false},"author":1,"featured_media":7967,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[2517,266,265,4545,4373,4374,6503,3331,196,140],"_links":{"self":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/13919"}],"collection":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13919"}],"version-history":[{"count":0,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/13919\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/media\/7967"}],"wp:attachment":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}