This is the latest update in the Saba-ESCT saga, which has seen the former call two requisitioned meetings for the trust.
The Big Interview: Saba Capital’s founder Boaz Weinstein says he’s not going anywhere
The first round of activism by Saba began back in December 2024, when it attempted to oust the company’s board and replace them with its own appointees.
This action was mirrored across six other trusts Saba was a major shareholder in, however it lost all seven rounds of voting.
Saba then retargeted ESCT and three other trusts with a second motion, this time seeking to transi…
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