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Saba Capital Calls for Board Changes at Edinburgh Worldwide Investment Trust

MT Newswires·12/04/2025 06:42:11
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06:42 AM EST, 12/04/2025 (MT Newswires) -- Edinburgh Worldwide Investment Trust (EWI.L) on Thursday urged its shareholders to take no action after the company received a requisition notice to convene a general meeting for board changes. The notice from hedge fund Saba Capital Management was received on Wednesday and called for a general meeting to hold a shareholder vote on the removal of six of the company's independent nonexecutive directors and the appointment of Gabi Gliksberg, Jassen Trenkow, and Michael Joseph as directors. Edinburgh Worldwide Investment advised its shareholders to wait for a further announcement from the company.