The proxy adviser Glass Lewis has recommended that shareholders vote AGAINST Saba’s requisitioned resolutions for CQS Natural Resources Growth and Income (CYN) at the upcoming general meeting.

The Glass Lewis recommendation is in line with the unanimous recommendation of CYN’s board, which continues to urge shareholders to VOTE AGAINST the proposed requisitioned resolutions for the reasons set out in the circular posted to shareholders on 7 January 2025, and available on the company’s website at https://cynprotectyourinvestment.com/.

Comments from Christopher Casey, chair of CQS Natural Resources Growth and Income

“The Board welcomes the recommendation from Glass Lewis for shareholders to vote against the resolutions proposed by Saba at the upcoming General Meeting. Such proxy adviser recommendation underscores our view that Saba’s proposals are without merit, introduce new and significant risk to your investment and are not in the best interests of ALL shareholders.

“It is vital that shareholders vote at the General Meeting on 4 February and vote AGAINST Saba’s Requisitioned Resolutions.”

General Meeting and How to Vote

The general meeting to vote on the requisitioned resolutions will be held on 4 February 2025 at 11 am at the offices of Dentons UK and Middle East LLP at One Fleet Place, London, EC4M 7RA. CYN says that, to be valid, proxy appointments must be completed in accordance with the instructions accompanying it and transmitted so received by the registrar as soon as possible and, in any event, by no later than 11 a.m. on 31 January 2025.

CYN adds that, investors who hold their shares through an investment platform provider or nominee are encouraged to contact their investment platform provider or nominee as soon as possible to arrange for VOTES AGAINST each of the requisitioned resolutions to be lodged on their behalf. CYN also adds that customers of online share ownership platforms may have voting deadlines as early as 23 January. Click here to find out more details of how to vote.