Herald shareholders reject Saba. Will other investment trusts follow suit?

Saba Capital’s attempt to take control of seven UK investment trusts stumbled at its first hurdle, as Herald shareholders voted down proposals. However, crucial votes at other trusts are still to come

Herald Investment Trust plc company logo seen displayed on a smartphone
(Image credit: Igor Golovniov/SOPA Images/LightRocket via Getty Images)

Note: for the latest developments related to this story, see our live coverage of investment trust votes.

Shareholders in the Herald Investment Trust (LON:HRIL) have voted against Saba Capital’s proposals to remove the trust’s current board.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
Dan McEvoy
Senior Writer

Dan is a financial journalist who, prior to joining MoneyWeek, spent five years writing for OPTO, an investment magazine focused on growth and technology stocks, ETFs and thematic investing.

Before becoming a writer, Dan spent six years working in talent acquisition in the tech sector, including for credit scoring start-up ClearScore where he first developed an interest in personal finance.

Dan studied Social Anthropology and Management at Sidney Sussex College and the Judge Business School, Cambridge University. Outside finance, he also enjoys travel writing, and has edited two published travel books.