Herald investors vote against Boaz Weinstein's revamp plan
Shareholders in Herald Investment Trust on Wednesday rejected a campaign by U.S. activist investor Saba Capital to overhaul its board, in a blow to founder Boaz Weinstein's wider push to shake-up the UK's 269 billion pound ($333 billion) trust sector.
Herald Investment Trust shareholders vote AGAINST Saba takeover
The board of the Herald Investment Trust has claimed victory over Saba Capital after shareholders rejected the hedge fund's attempt to seize control of the company.
Herald Investment Trust shareholders reject activist proposals
LONDON - In a decisive outcome, the shareholders of Herald Investment Trust PLC have voted against a series of proposed resolutions brought forward by activist investor Saba Capital. At the general meeting held today,
Herald defeats Saba in the first shareholder battle of seven
News archive including articles on Fund Managers, Fund Selection, Asset Allocation, Absolute Return, Offshore Investments, Tax Shelters, Insurance bonds. Herald defeats Saba in the first shareholder b
Herald shareholders overwhelmingly vote against all eight Saba proposals
Shareholders of Herald investment trust (HRI) have voted heavily against Saba Capital's eight proposed resolutions at the first of seven requisitioned general meetings to vote on the changes put forward by the US activist hedge fund.
Saba Capital Comments on Herald Investment Trust PLC's Requisitioned General Meeting
Saba Capital Management, L.P. (together with certain of its affiliates, "Saba" or "we") today issued the following statement regarding the announced outcome of Herald Investment Trust PLC's (HRI:LSE) (the "Trust") Requisitioned General Meeting on 22 January 2025.
Boaz Weinstein Loses First UK Investment Trust Vote Showdown (2)
Boaz Weinstein lost a crucial vote to gain control of Herald Investment Trust, marking the hedge fund manager’s first defeat in an unprecedented weekslong campaign against seven London-listed funds.
Herald Investment shareholders reject Saba's "self-interested" plans
(Alliance News) - Herald Investment Trust PLC on Wednesday said shareholders had "unanimously" rejected proposals by Saba Capital LP to oust the current board. The investment trust said 65% of shareholders had voted against the plans.
US hedge fund fails in battle with UK investment trust
A US hedge fund that declared war on seven British investment trusts has failed to oust the board of one of its targets.
Victory for shareholder democracy: Herald investors reject power grab by Wall Street raider Boaz Weinstein
Weinstein's firm Saba Capital had proposed that backers of the £1.3bn Herald Investment Trust vote to kick out the existing ...
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Herald shareholders vote down Saba proposals
Saba Capital’s attempt to take control of seven UK investment trusts has stumbled at its first hurdle, as Herald shareholders ...
Britain’s underperforming investment trusts deserve no protection
Their boards should remain completely independent. Small, individual shareholders should be encouraged to vote, and the big ...