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Saba Investment Trust Takeover Proposal
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Saba's new tack is to try to have Schroder UK Mid Cap (SCP), Middlefield Canadian Income (MCT), CQS Natural Resources Growth & Income (CYN) and European Smaller Companies (ESCT) convert into OEICs.
https://citywire.com/wealth-manager/news/two-more-trusts-respond-to-sabas-latest-strike/a2459711
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This looks like nothing more than vexatious action against the shareholders who voted their last proposal down. What can they do to protect their interest and evict the interloper?wmb194 said:Saba's new tack is to try to have Schroder UK Mid Cap (SCP), Middlefield Canadian Income (MCT), CQS Natural Resources Growth & Income (CYN) and European Smaller Companies (ESCT) convert into OEICs.
https://citywire.com/wealth-manager/news/two-more-trusts-respond-to-sabas-latest-strike/a2459711
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