Saba, Herald

Update: Saba plans full cash exit option for Herald
Herald board responds to Saba's announced plans to offer a cash exit, should its attempts to appoint its own directors be successful
Herald investment trust hits back at Saba over proposed cash exit strategy
The board of Herald investment trust has criticised Saba for its proposed cash exit offer to shareholders should it gain control of the trust’s board.
Saba lures in Herald shareholders with cash exit offer
The hedge fund attempting to seize control of seven London-listed funds is hoping to win over Herald Investment Trust investors with the offer of a cash exit.
Boaz Weinstein's Saba Offers Cash Exit to UK Investment Trust Shareholders
(Reuters) - U.S. hedge fund Saba Capital Management said on Thursday it would offer shareholders of UK's Herald Investment Trust a full cash exit at 99% of their net asset value, in a bid to win over its shareholders' approval for a board overhaul.
Saba to offer exit strategy for Herald investment trust shareholders if vote passes
US activist hedge fund Saba Capital has shared intentions to offer shareholders of Herald investment trust a cash exit opportunity if its efforts to reconstitute the board of directors are successful.
Saba Capital Intends to Offer Shareholders of Herald Investment Trust PLC a 100% Cash Exit at 99% of NAV
"If shareholders support Saba's resolutions to reconstitute the HRI Board, Saba would encourage the new Board to offer all shareholders a 100% cash exit at 99% of the Trust's NAV. As a result, Saba expects that shareholders will have the opportunity to sell their entire position at 99% of NAV,
Boaz Weinstein's Saba woos UK trust's shareholders with cash exit
U.S. hedge fund Saba Capital Management will offer shareholders of UK's Herald Investment Trust a full cash exit at 99% of their net asset value, it said on Thursday, as it sought to win their approval for a board overhaul.
Weinstein’s Move on UK Investment Trusts Sets Up Showdown
Two trusts run by Janus Henderson Group Plc have hit back at proposals by Boaz Weinstein’s Saba Capital Management, the latest in a series of trusts urging shareholders to reject the activist hedge fund’s campaign.
Herald urges investors to oppose Saba's 'opportunistic' coup plans
Saba wrote a letter last month to investors of seven trusts, including Herald, urging them to remove their boards and revamp ...
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Saba Investments - why it sees an opportunity in UK investment trusts
Described as the Pirates of the Caribbean, Max King looks at why ever-widening discounts may have created an opportunity for ...
One of the great success stories of the UK’s investment industry is under attack
Herald Investment Trust was launched in January 1994 with a remit to generate capital appreciation through investments in ...
Herald Investment rejects Saba's proposal, warns of value loss
(Alliance News) - Herald Investment Trust PLC on Thursday urged shareholders to vote against resolutions proposed by Saba Capital Management LP at the upcoming general meeting, citing the hedge fund’s ...
Boaz Weinstein's Saba offers full cash exit to UK investment trust shareholders
U.S. hedge fund Saba Capital Management said on Thursday it would offer shareholders of UK's Herald Investment Trust a full cash exit at 99% of their net asset value, in a bid to win over the ...