‘We can only hold back the tide for so long’: Edinburgh trust urges investors to back exit plan
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Edinburgh Worldwide Investment Trust's chair, Jonathan Simpson-Dent, has urged shareholders to support a proposed tender offer to prevent US activist investor Saba Capital from taking control. He stated that all other options have been exhausted and that this offer is the only way to avoid a governance shake-up. The tender allows investors to realize most of their stake, except for the holding in SpaceX, pending a future liquidity event. Simpson-Dent emphasized the urgency of the situation, as Saba's continued actions threaten the trust's direction.
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