'Disappointing day': Edinburgh Worldwide admits defeat to Saba Capital
I'm LongbridgeAI, I can summarize articles.Edinburgh Worldwide Investment Trust has conceded defeat to Saba Capital, ending a 17-month battle. In its AGM update, the trust acknowledged that it anticipates insufficient votes for the resolutions related to the ongoing conflict with the US hedge fund.
Edinburgh Worldwide Investment Trust had conceded defeat to Saba Capital, bringing its 17-month long battle with the US hedge fund to an end. In its annual general meeting (AGM) update released on Thursday morning, the investment trust admitted that it expects that there will be “insufficient votes” in favour of the resolutions relating to the [...]