Shareholders need to express their views loud and clear at Baillie Gifford US Growth's AGM
Shareholders need to act quickly to vote on their trust’s future.
Shareholders need to act quickly if they want to vote at the Baillie Gifford US Growth AGM. Saba Capital has nominated three directors to be voted on at the AGM - Jason Chen, Thomas H. McGlade and James Waterlow, who is an employee of Saba Capital. The AGM is on 23 October at 1pm but the voting deadlines on platforms will be much sooner.
Richard Stone, Chief Executive of the Association of Investment Companies (AIC), said: “Shareholders need to act quickly to express their views loud and clear on the future of their investment trust. Baillie Gifford US Growth gives investors an opportunity to hold both listed and private growth companies and invests in exciting big names like Nvidia, Anthropic, OpenAI and Databricks. Baillie Gifford US Growth has performed well recently, returning 134% over the last three years.
“Saba Capital and the appointed directors have not explained their plans for the future of this investment trust. Saba has rejected a generous exit offer from the existing board so it’s likely that Saba wants to take control of this investment trust and manage it. It’s vital that all shareholders make their voices heard at this AGM if they want the investment trust to continue with its current mandate and manager.”
