Member Info for Stingray67

I was thinking the same...

Bearraider - Thankyou for taking the time to reply with your explanation, it`s given me a better understanding.

I haven`t sold my chunk of shares yet, still in a quandry about what to do. I`m reading the comments and watching the various trades to try and make sense of the what is actually going on. Many have sold but there`s been lots of sizeable buys over the last few days too. There was a trade for 85.88K which is an OTC..no idea what that was so googled it. I`m a novice at this so for those with way more knowledge than me could you explain in laymens terms what and why these kind of SI/OTC sales would be?

I am fairly new to all this and am doing my due diligence to understand the current situation with SEIT as I have a good chunk of shares which I bought last year. A lot of the jargon is over my head but I`m just looking at the TR-1 dated today shows Saba aquiring more voting rights. Assumably this is so they hold the majority influence at the AGM in July? I`m also reading an article dated 05 March 26 "Saba launches ETF targeting UK investment trusts trading on discounts". There`s a lot to get my head around to make an informed choice of whether to sell now and cut my losses. or hold onto them.