AIC: “It is vital that all shareholders vote”
Response to Saba’s proposed requisition of General Meeting of Edinburgh Worldwide.
The Association of Investment Companies (AIC) has responded to today’s announcement that Saba intends to requisition another General Meeting of Edinburgh Worldwide Investment Trust with the intention of appointing a new board. A meeting date will be announced in the coming weeks.
Richard Stone, Chief Executive of the Association of Investment Companies (AIC), said: “It is vital that shareholders vote their shares. Retail investors are significant holders of this investment trust so, once confirmed, it’s essential platforms notify their customers about this meeting and encourage them to vote. To enable all shareholders to express their views, information must be made available and the voting process must be as simple as possible.
Retail investors are significant holders of this investment trust so, once confirmed, it’s essential platforms notify their customers about this meeting and encourage them to vote.
Richard Stone, Chief Executive of the Association of Investment Companies (AIC)
“We have information on how to vote and attend general meetings on our website for investors who hold investment trusts on platforms. It’s important that shareholders understand that the final decision rests with them. Every vote counts.”
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Notes to editors
- The Association of Investment Companies (AIC) represents a broad range of investment trusts and VCTs, collectively known as investment companies. The AIC’s vision is for closed-ended investment companies to be understood and considered by every investor. The AIC has 286 members and the industry has total assets of approximately £272 billion.
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