Edinburgh Worldwide Investment Trust's Board Tells Shareholders to Reject Saba Proposals

04:50 AM EST, 12/17/2025 (MT Newswires) -- Edinburgh Worldwide Investment Trust's (EWI.L) board urged its shareholders to vote against Saba Capital Management's proposals to oust all six independent nonexecutive directors. Saba, which raised its stake in the investment trust to over 30% from 25% during the last vote earlier in 2025, also seeks to appoint three US-based individuals to the company's board, according to a Wednesday release. Edinburgh Worldwide's board said that while the company has made progress, Saba is proposing board changes "in another attempt to seize control for its own commercial advantage, at the expense of other shareholders." "We urge Saba to explain to EWIT shareholders its intentions beyond replacing the Board, to allow shareholders to make an informed choice in January [2026] rather than face considerable uncertainty should it succeed," the trust added.