Edinburgh Worldwide Investment Trust (EWIT) has called for greater transparency from activist hedge fund Saba Capital Management as tensions escalate ahead of a shareholder vote on a proposed board overhaul, according to a report by Alliance News.
In an open letter to Saba founder Boaz Weinstein, the Edinburgh-based trust demanded “full transparency and clarity” around Saba’s intention to remove EWIT’s entire independent board and replace it with three US-based nominees. The request comes ahead...
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