Time is running out to vote on Saba’s proposals

Platform voting deadline for Herald Investment Trust is this Friday.

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Shareholders in seven investment trusts targeted by Saba Capital Management will need to act quickly if they want to have a say in the outcome of crucial upcoming votes, according to the Association of Investment Companies (AIC).

Saba is a large shareholder, but these trusts also have thousands of private investors. If they act together, their voice can be heard. Shareholders need to act now. Do not leave it too late to have your say.

Richard Stone, Chief Executive of the Association of Investment Companies (AIC)

Richard Stone

Major platforms including Hargreaves Lansdown, interactive investor and AJ Bell have announced voting deadlines for six of the seven trusts. The first of these, for Herald Investment Trust, is Friday 17 January (this Friday). Five trusts have deadlines between 29 and 31 January, while Edinburgh Worldwide has yet to announce the date of its general meeting.

Richard Stone, Chief Executive of the Association of Investment Companies (AIC), said: “If you’re a shareholder in one of these trusts, time is running out for you to vote. The major platforms have made it easier than ever, and it should take no more than five minutes of your time – for a decision that will determine the future of your investment trust.

“Saba is a large shareholder, but these trusts also have thousands of private investors. If they act together, their voice can be heard. Shareholders need to act now. Do not leave it too late to have your say.”

Voting deadlines for the investment trusts targeted by Saba Capital Management

Investment trust

Date of general meeting

AJ Bell 
voting deadline*

Hargreaves Lansdown voting deadline

interactive investor
voting deadline

 Herald Investment Trust

22/01/2025

17/01/2025

17/01/2025

17/01/2025

 Baillie Gifford US Growth

03/02/2025

29/01/2025

29/01/2025

29/01/2025

 Keystone Positive Change

03/02/2025

29/01/2025

29/01/2025

29/01/2025

 CQS Natural Resources Growth & Income

04/02/2025

30/01/2025

30/01/2025

30/01/2025

 Henderson Opportunities Trust

04/02/2025

29/01/2025

30/01/2025

30/01/2025

 The European Smaller Companies Trust

05/02/2025

30/01/2025

31/01/2025

31/01/2025

 Edinburgh Worldwide

14/02/2025

TBA

10/02/2025

TBA

Source: AIC / platforms. Voting deadline is close of business on the stated date. * AJ Bell will handle any late votes on a best efforts basis.

Customers of platforms other than those listed above should check voting deadlines with their platform and vote at the earliest opportunity.

Useful links

How to vote your shares

Attending an AGM

Upcoming meetings

Shareholder voting via advised platforms (for financial advisers; login required)

 

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  1. 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 309 members and the industry has total assets of approximately £269 billion.
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