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CQS blasts 'wasteful' Saba second general meeting and tells shareholders to take no action
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On Monday (10 February), Saba launched a second campaign against four UK investment trusts – among them CQS – looking to requisition general meetings and propose a transition into «comparable open-ended funds to give shareholders the opportunity to receive long-overdue liquidity at net asset value». In a stock exchange notice today (12 February), CQS's board said the newly served requisition from Saba undermines last week's vote in which the vehicle's non-Saba shareholders decided against Saba's resolutions to replace CQS's board with its own nominees. Saba Capital launches next round...
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Read more on investmentweek.co.ukAbout this in other media
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