EDINBURGH WORLDWIDE INVESTMENT TRUST PLC

Boaz Weinstein’s Saba Capital won shareholders’ votes to remove EWIT chair Jonathan Simpson-Dent and five board members, installing three Saba-backed directors and gaining control of the tech-focused trust. The dispute centered on EWIT’s large discount to net asset value and its 20% holding in SpaceX, which Saba criticised after the board sold part of the stake. Saba plans to nominate itself as manager, pivot EWIT’s strategy toward UK-listed investment trusts and use active buybacks to target a single-digit NAV discount. » Mere på cnbc.com

Edinburgh Worldwide Investment Trust will hold a Q&A on 9 January 2026 at 14:00 GMT with chairman Jonathan Simpson-Dent about Saba Capital’s attempt to replace the entire board. The event, hosted via Investor Meet Company, is open to current and potential shareholders; questions may be submitted until 8 January at 17:00 GMT or asked live. EWIT has called a general meeting for 20 January at which Saba’s resolutions will be voted on; the board recommends voting against the removals. The normal voting deadline is 17 January 2026 at 12:00 GMT, though some platforms impose earlier cut-offs (in some cases 12 January). » Mere på de.investing.com

Saba Capital Management, a roughly 30% shareholder, has called for the complete replacement of the board of Edinburgh Worldwide Investment Trust and is urging shareholders to vote at the annual general meeting on 20 January 2026. The proposal would remove six incumbent members and elect three new independent directors: Gabi Gliksberg, Michael Joseph and Jassen Trenkow. Saba said the move is driven by an urgent need to replace the board with people committed to maximising long‑term value for all shareholders; the statement did not provide specific details of defects in the current board. » Mere på de.investing.com

Edinburgh Worldwide Investment Trust, managed by Baillie Gifford, is urging shareholders to reject Saba Capital's proposal to replace the incumbent board with three directors backed by Boaz Weinstein. The trust says Saba, which holds a 30% stake and has secured a general meeting, seeks control for commercial advantage and highlights recent NAV outperformance and a share buyback that narrowed its discount. Saba argues board change is needed to stop five years of value destruction and has intensified the campaign after increasing its stake and blocking a proposed merger. » Mere på cnbc.com

Saba Kapital Management has applied to convene a shareholders’ meeting of Edinburgh Worldwide Investment Trust to dismiss the current board and appoint three new independent members. The activist investor, which holds about 30% of the shares, opposes a planned merger with Baillie Gifford US Growth Trust and instead calls for a strategic refocus to deliver long‑term value appreciation. No date for the shareholders’ meeting has yet been set; Saba published an open letter to all shareholders and is being advised legally by White & Case LLP. » Mere på de.investing.com