Saba Capital Financial News

12.01 / 16:11

Activism Investment trusts Scottish Mortgage European Opportunities Saba Capital Activist hedge fund Saba Capital discloses exposure to 35 UK investment trusts

Weinstein said closed‐ended funds were a “distinct contributor” to the fund’s strong performance over the last year.

05.12 / 14:51

Investment trusts continuation vote general meeting tender offer Saba Capital European Opportunities trust outlines plans for 25% tender offer

The tender offer will be paid in cash and will be equal to a 2% discount to net asset value based on the calculation date.

23.11 / 15:38

kpmg Investment trusts AGM Saba Capital Crystal Amber AGM resolutions pass despite strong dissent

KMPG has been Crystal Amber’s auditor since its listing in 2008, which could trigger independence concerns.

15.11 / 15:45

Investment trusts Investment Trust European Opportunities Saba Capital European Opportunities passes continuation vote in face of shareholder opposition

The trust had faced fierce pushback from activist investor Saba Capital, who argued that shareholders should vote against its continuation.

08.11 / 08:35

Investment trusts AGM continuation vote tender offer European Opportunities Saba Capital European Opportunities trust rejects shareholder call for 50% tender offer

The offer is conditional on the passing of the trust’s continuation vote at its annual general meeting on 15 November, and will be paid out by 31 January 2024, at the latest.

08.11 / 08:35

Investment trusts Numis European Opportunities Saba Capital Herald stake Saba Capital increases stake in Herald and Edinburgh Worldwide

The firm has been building up stakes in UK investment trusts in the last 18 months, including European Opportunities, Henderson Opportunities, Schroder UK Mid Cap and Baillie Gifford US Growth.

06.11 / 09:21

Investment trusts Nav tender offer Saba Capital European Opportunities proposes additional tender offer ahead of continuation vote

If approved, the tender offer is expected to take place by 31 January 2024, the latest.

26.10 / 14:45

Investment trusts funds European Opportunities Saba Capital Saba Capital eyes $500m for activist UK investment trust fund

Over the past 12 to 18 months, the firm has been taking positions in multiple UK investment trusts, including European Opportunities, Henderson Opportunities and Schroder UK Mid Cap.

23.10 / 11:17

Investment trusts continuation vote Nav European Opportunities Saba Capital Activist investor Saba Capital opposes European Opportunities conditional tender offer

Saba Capital has said it will vote against continuation unless a full liquidity option at NAV is provided to shareholders.

08.07 / 00:25

UPS Target Amazon BlackRock Saba Capital New York activist Saba Capital follows VGI Partners with Pengana buy

Saba Capital has built a 5.02 per cent stake in Pengana International Equities, which is trading at a 16.7 per cent discount to its asset backing, just two weeks after the New Yorker activist investor went substantial at VGI Partners Global Investments.

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