BG US Growth outperforms despite Saba’s activist campaign
The row between US activist fund, Saba Capital and the UK Investment Trust sector, which we have been reporting on, rolls-on into another week.
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Glass Lewis also recommends CQS Natural Resources shareholders VOTE AGAINST Saba
The proxy adviser Glass Lewis has recommended that shareholders vote AGAINST Saba’s requisitioned resolutions for CQS Natural Resources Growth and Inc...
CC Japan Income & Growth’s NAV continues to beat TOPIX
CC Japan Income & Growth (CCJI) has published annual results for the year ended 31 October 2024, which show that it has provided NAV and share price t...
Four BlackRock trusts make deal with Saba
BlackRock World Mining among four trusts to extract a promise Saba will leave them alone.
Residential Secure Income progresses with portfolio sale
Residential Secure Income has appointed agents and is preparing to formally launch the sales process for its portfolio of retirement and shared owners...
Triple Point Energy Transition sells remaining investments
Triple Point Energy Transition (TENT) has sold its remaining investments – specifically, the hydro-electric portfolio, which comprises six hydro-elect...
BlackRock Trusts off limits for Saba until at least 2027
Separately, the boards of BlackRock World Mining (BRWM), BlackRock Energy and Resources Income (BERI), BlackRock American Income (BRAI) and BlackRock ...
Social Housing REIT proposes change to investment policy to deal with non-performing tenant
Social Housing REIT (SOHO) has proposed a change to its investment policy to increase the maximum exposure to any one approved provider to 35% (from 3...
QuotedData’s morning briefing 22 January 2025 – IEM, RNEW
In QuotedData’s morning briefing 22 January 2025: Impax Environmental Markets (IEM) is calling a general meeting to ask shareholders to renew its au...
Stifel: What if Saba loses votes against its seven trust targets?
Stifel has warned that even if Saba Capital fails to win in its initial battles with seven trust targets, the funds will still be forced to give shareholders an exit strategy.
Will turnarounds at Baillie Gifford trusts save them from Saba?
Baillie Gifford US Growth and Edinburgh Worldwide have both delivered improved returns ahead of their crunch shareholder votes.
Pershing Square: Bill Ackman’s plan to build ‘modern-day’ Berkshire Hathaway
Ackman makes bold play for his hedge fund to take control of real estate corporation he helped create, although one other shareholder questioned the ‘chutzpah’ of the ‘lowball offer’.
