Within the fourth and fifth votes of the ‘Saba seven’ immediately (4 February), the US group noticed 65.36% of the overall votes forged in opposition to the resolutions within the HOT assembly, whereas CQS noticed a 68% turnout, with over 59% of votes forged in opposition to Saba’s requisitioned resolutions.
Excluding the votes forged by Saba in favour of the resolutions, simply 0.98% of HOT shareholders who turned out voted with the activist hedge fund, representing 0.72% of the corporate’s complete voting rights.
Saba Capital defeated at Baillie Gifford US Development and Keystone conferences
Wendy Colquhoun, chair of HOT, mentioned: “The outcome to…
