Investors in another UK trust reject activist Saba's campaign

Henderson Opportunities Trust

04/02/2025 12:35

LONDON, Feb 4 (Reuters) - Shareholders in Henderson
Opportunities Trust  HENT.L  dealt a further blow to Saba
Capital's campaign to shake-up Britain's 269 billion pound ($334
billion) investment trust sector on Tuesday, after rejecting the
U.S. activist's proposals.
    Investors in the trust rejected Saba's resolutions to remove
several of its board members at a general meeting, with about
65% of votes cast against.    
    It joins fellow trusts Baillie Gifford US Growth  USAB.L ,
Keystone Positive Change  KPCK.L  and Henderson Investment Trust
 HRI.L  in blocking Saba's proposals.
    
    

($1 = 0.8044 pounds)

 (Reporting by Iain Withers, editing by Sinead Cruise)
 ((Iain.Withers@thomsonreuters.com;))