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Saba, Herald

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.

This is Money · 20h

Saba lures in Herald shareholders with cash exit offer

The hedge fund attempting to seize control of seven London-listed funds is hoping to win over Herald Investment Trust investors with the offer of a cash exit.

Investment Week · 20h

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.

Reuters · 1d

Boaz Weinstein's Saba offers full cash exit to UK investment trust shareholders

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 the shareholders' approval for a board overhaul.

Bloomberg on MSN · 1d

Weinstein’s Move on UK Investment Trusts Sets Up Showdown

Two trusts run by Janus Henderson Group Plc 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.

MoneyWeek1d

“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 ...

portfolio-adviser.com13h

Update: Saba plans full cash exit option for Herald

Herald board responds to Saba's announced plans to offer a cash exit, should its attempts to appoint its own directors be ...

FTAdviser23h

AIC calls on platforms to act on Saba investment trust vote

The Association of Investment Companies has urged shareholders to vote in upcoming general meetings on the takeover of seven ...

MoneyWeek14h

Saba Investments - why it sees an opportunity in UK investment trusts

Described as the Pirates of the Caribbean, Max King looks at why ever-widening discounts may have created an opportunity for ...

Janus Henderson-run investment trusts urge shareholders to reject activist Saba's proposal

Two Janus Henderson-run investment trusts on Wednesday joined other British investment trusts and asked their shareholders to reject U.S. activist investor Saba Capital Management's proposal to boot ...

1don MSN

Second major fund manager joins calls for shareholders to reject Saba coup

Janus Henderson has joined rivals in urging investors of its London-listed investment trusts to reject a takeover attempt ...

Police sappers remove rocket remnants from Kfar Saba school

Police sappers (bomb disposal personnel) removed the remnants of an old rocket discovered at a school in Kfar Saba, the ...

Investment Week2d

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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