In the fourth and fifth votes of the ‘Saba seven’ today (4 February), the US group saw 65.36% of the total votes cast against the resolutions in the HOT meeting, while CQS saw a 68% turnout, with over 59% of votes cast against Saba’s requisitioned resolutions.
Excluding the votes cast by Saba in favour of the resolutions, just 0.98% of HOT shareholders who turned out voted with the activist hedge fund, representing 0.72% of the company’s total voting rights.
Saba Capital defeated at Baillie Gifford US Growth and Keystone meetings
Wendy Colquhoun, chair of HOT, said: “The result to…
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