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Cboe UK GBp

Herald Investment Trust PLC (HRIL.XC)

2,085.00

+20.00

+(0.97%)

At close: March 14 at 1:51:18 PM GMT

Saba Capital Comments on Herald Investment Trust PLC’s Requisitioned General Meeting

NEW YORK, January 22, 2025--Saba Capital Management, L.P. (together with certain of its affiliates, "Saba" or "we") today issued the following statement regarding the announced outcome of Herald Investment Trust PLC’s (HRI:LSE) (the "Trust") Requisitioned General Meeting on 22 January 2025.

Business Wire last month

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Saba loses battle against Herald board in first blow to UK campaign

US activist Saba Capital has failed in its attempt to overthrow the board of Herald Investment Trust, dealing the first blow in its campaign...

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Financial Times last month

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Herald investors vote against Boaz Weinstein's revamp plan

LONDON (Reuters) -Shareholders in Herald Investment Trust on Wednesday rejected a campaign by U.S. activist investor Saba Capital to overhaul its board, in a blow to founder Boaz Weinstein's wider push to shake-up the UK's 269 billion pound ($333 billion) trust sector. Saba's eight resolutions were rejected by around 65% of votes cast and received just 35% backing. Herald said once Saba's own votes in favour of its resolutions were excluded, it received just 0.15% of the votes cast.

Reuters last month

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Boaz Weinstein's Saba woos UK trust's shareholders with cash exit

Saba, founded and run by activist investor Boaz Weinstein, said last month it wanted to overhaul the boards of seven British investment trusts over performances it said ranged from "underwhelming" to "disastrous". "Saba would support further changes so this cash exit would be overseen by a fully independent board and would not expect it to occur for at least a year thereafter, ensuring portfolio value is maximised," the hedge fund said in a statement.

Reuters 2 months ago

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Saba Capital Intends to Offer Shareholders of Herald Investment Trust PLC a 100% Cash Exit at 99% of NAV

NEW YORK, January 09, 2025--Saba Capital Management, L.P. (together with certain of its affiliates, "Saba" or "we"), today issued the following statement regarding its support for an offer to shareholders of Herald Investment Trust PLC (HRI:LSE) ("HRI" or the "Trust") of a full cash exit near net asset value ("NAV"), overseen by a fully independent Board, if Saba’s efforts to reconstitute the Board of Directors ("the Board") are successful:

Business Wire 2 months ago

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Saba Capital Corrects Herald Investment Trust PLC’s Misleading Claims About Its Campaign to Deliver Shareholder Value

NEW YORK, January 06, 2025--Saba Capital Management, L.P. (together with certain of its affiliates, "Saba" or "we"), which owns approximately 20.9% of Herald Investment Trust PLC (HRI:LSE) ("HRI" or the "Trust"), today issued the following statement from Founder and Chief Investment Officer Boaz Weinstein regarding misleading statements included in HRI’s Circular for the Requisitioned General Meeting that is scheduled for 22 January 2025:

Business Wire 2 months ago

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Saba Capital Launches Campaign to Deliver Value to Shareholders of Seven U.K. Investment Trusts

NEW YORK, December 19, 2024--Saba Capital Management, L.P. (together with certain of its affiliates, "Saba" or "we") today announced that it has requisitioned the Boards of Directors (the "Boards") of Baillie Gifford US Growth Trust PLC (USA:LSE), CQS Natural Resources Growth & Income PLC (CYN:LSE), Edinburgh Worldwide Investment Trust PLC (EWI:LSE), European Smaller Companies Trust PLC (ESCT:LSE), Henderson Opportunities Trust PLC (HOT:LSE), Herald Investment Trust PLC (HRI:LSE) and Keystone Po

Business Wire 2 months ago

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Performance Overview

Return	HRIL.XC	FTSE 100
YTD	-3.47%	+5.62%
1-Year	-1.42%	+11.48%
3-Year	+15.45%	+20.00%