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Investors in another UK trust reject activist Saba's campaign
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Investors in another UK trust reject activist Saba's campaign
Feb 4, 2025 5:02 AM

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)

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