Saba Intensifies Calls for Edinburgh Worldwide Investment Trust Board Changes Amid SpaceX Stake Sell-down

09:00 AM EST, 01/07/2026 (MT Newswires) -- Saba Capital Management intensified its calls for board changes at Edinburgh Worldwide Investment Trust (EWI.L), while highlighting the "suspiciously timed" sell-down of the latter's stake in SpaceX ahead of a Jan. 20 shareholders' meeting. "As the largest shareholder in the Company, we are deeply concerned at the recent sell-down by Baillie Gifford of the Company's stake in SpaceX - the crown jewel of the Company's portfolio - just two months prior to SpaceX's scheduled revaluation, in a move that appears to defy commercial logic," the Wednesday letter said. Saba also questioned whether the SpaceX stake sale was motivated by a planned merger deal between Edinburgh and Baillie Gifford US Growth Trust (USA.L).