Boaz Weinstein's Saba woos UK trust's shareholders with cash exit
U.S. hedge fund Saba Capital Management will offer shareholders of UK's Herald Investment Trust a full cash exit at 99% of their net asset value, it said on Thursday, as it sought to win their approval for a board overhaul.
Boaz Weinstein’s Move on UK Investment Trusts Sets Up Clash
Henderson Opportunities Trust Plc and European Smaller Companies Trust have hit back at proposals by Boaz Weinstein’s Saba Capital Management, the latest in a series of trusts urging shareholders to reject the activist hedge fund’s campaign.
Saba to offer exit strategy for Herald investment trust shareholders if vote passes
US activist hedge fund Saba Capital has shared intentions to offer shareholders of Herald investment trust a cash exit opportunity if its efforts to reconstitute the board of directors are successful.
Saba Capital Intends to Offer Shareholders of Herald Investment Trust PLC a 100% Cash Exit at 99% of NAV
Saba Capital Management, L.P. (together with certain of its affiliates, "Saba" or "we"), today issued the following statement regarding its support for an offer to shareholders of Herald Investment Trust PLC (HRI:LSE) ("HRI" or the "Trust") of a full cash exit near net asset value ("NAV"),
Saba offers trust shareholders 100% cash exit
Saba Capital Management is offering shareholders in Herald Investment Trust a full cash exit near net asset value if they back its efforts to replace the board.
Boaz Weinstein's Saba Offers Cash Exit to UK Investment Trust Shareholders
(Reuters) - U.S. hedge fund Saba Capital Management said on Thursday it would offer shareholders of UK's Herald Investment Trust a full cash exit at 99% of their net asset value, in a bid to win over its shareholders' approval for a board overhaul.
Fund managers to warn FCA over US activist’s plans to shake up UK trusts
Fund managers are warning the Financial Conduct Authority that plans by US activist Boaz Weinstein to take over seven UK investment trusts leave shareholders in the dark about how their money will be ...
Investors urged to fight back against US power grab as hedge fund targets seven London-listed trusts
Boaz Weinstein (pictured), founder of Saba Capital, is pushing for a huge shake-up that would mean that directors at the ...
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Saba's Boaz Weinstein hits back at Herald trust and defends its abilities to outperform current management
Founder and chief investment officer of Saba Capital Boaz Weinstein has come out in defence of his company in one of the ...
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“Self-interested and misleading”: investment trusts hit back at Saba's proposals
Managers of the investment trusts targeted by activist investor Saba have urged shareholders to vote against plans to replace ...
Saba proposal to overhaul UK investment trusts rejected by two more funds
Saba, founded and run by Boaz Weinstein, said last month it wanted to overhaul the boards of seven trusts over performances it said ranged from "underwhelming" to "disastrous". The hedge fund has ...