Saba unleashes fresh tirade on Edinburgh trust after winning shareholder showdown
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Saba Capital, led by Boaz Weinstein, has criticized the board of Edinburgh Worldwide Investment Trust (Ewit) after winning a crucial shareholder vote. The activist fund accused Ewit’s management of being "out of touch" and overseeing five years of poor performance. Saba, which owns about 30% of Ewit shares, successfully rejected the board's tender offer, allowing shareholders to exit at full value. This victory marks a significant step in Saba's ongoing campaign against Ewit, with further votes on board replacement expected soon.
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