Major retail investment platforms have been urged by the Association of Investment Companies to ensure that their customers are aware of the upcoming general meetings that the Manhattan-based hedge fund Saba Capital has requisitioned at seven investment trusts.
"It is vital that shareholders vote on the future of their investment trust," the AIC said in a statement. Back on 18 December, the US hedge fund published a letter calling out CQS Natural Resources Growth & Income, Edinburgh Worldwide, Henderson Opportunities and European Smaller Companies trust, Herald Investment Trust (HRI), Baillie Gifford US Growth Trust and Keystone Positive Change and requisitioning general meetings of shareholders at all seven firms to reconstitute their respective boards of directors. Pair of Janus Henderson trusts set date for general meetings requisitioned ...
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