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Edinburgh Worldwide shareholders reject Saba Capital plan to oust board after bitter dispute
CNBC· 2026-01-21 09:57
Shareholders in a Baillie Gifford closed-end investment fund have rejected plans by activist investor Boaz Weinstein's hedge fund Saba Capital to oust the board.At a general meeting on Tuesday requisitioned by Saba, 53.2% of votes cast rejected the plan to cull six Edinburgh Worldwide Investment Trust directors and replace them with three Saba-backed candidates. Overall, 92.7% of all the EWIT shares, excluding those held by Saba, voted against the proposals. The decision marks a second defeat for Saba Capit ...