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Investors in another UK trust reject activist Saba's campaign

Tue, 04th Feb 2025 12:35

LONDON, Feb 4 (Reuters) - Shareholders in Henderson Opportunities Trust dealt a further blow to Saba Capital's campaign to shake-up Britain's 269 billion pound ($334 billion) investment trust sector on Tuesday, after rejecting the U.S. activist's proposals.

Investors in the trust rejected Saba's resolutions to remove several of its board members at a general meeting, with about 65% of votes cast against.

It joins fellow trusts Baillie Gifford US Growth, Keystone Positive Change and Henderson Investment Trust in blocking Saba's proposals.

($1 = 0.8044 pounds) (Reporting by Iain Withers, editing by Sinead Cruise)

Herald Investment Trust Baillie Gifford Shin Nippon PLC Saba Capital Income & Opportunities Fund Ii.

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