In QuotedData’s morning briefing 21 January 2025:

• Baillie Gifford US Growth Trust (USA) announced its interim results for the six months to 30 November 2024. The manager notes that this was a highly successful period for its growth strategy, delivering NAV returns to shareholders of 29.4% over the six month period, almost double the 15.3% total return of the benchmark Index in sterling terms. Nevertheless, Tom Burnet, chair of the company commented: “Despite this extremely strong performance, Saba has sought to introduce self-serving and destructive proposals to remove the independent board and try to assume control of the company through placing two of its own nominees on the board and will likely thereafter attempt to assume management of the company. The company and the strong growth potential shown in today’s results is directly under threat in a vote where every vote will count. We therefore reiterate urging all shareholders to vote against Saba’s proposals. If shareholders have not already done so, the next few days will likely be their last chance to vote ahead of the deadline—it’s critical they do not miss the opportunity to save their investment from an uncertain and potentially destructive trajectory.”

We also have updates from Tritax Big Box, Keystone Positive Change, Gore Street Energy Storage Fund, and abrdn Diversified Income and Growth