On Monday (10 February), the US hedge fund revealed intentions to go forward with a ‘Plan B’ of its funding belief activism marketing campaign, trying to requisition conferences at 4 trusts to “unlock liquidity” for shareholders.
The autos in query, CQS Pure Sources Development & Revenue (CYN), European Smaller Firms (ESCT), Middlefield Canadian Revenue (MCT) and Schroder UK Mid Cap (SCP), are but to obtain the formal requisition requests from Saba itself.
Saba Capital launches subsequent spherical of belief activism focusing on transitions to open-ended construction
The transfer follows what has now…
