As we write, the first five investment trusts targeted by Saba have seen the US activist hedge fund proposals overwhelmingly voted down.As a brief reminder Saba was proposing to replace the current independent boards with two new directors and had stated an intention to follow this up with a replacement of the investment manager and a new investment mandate. After Herald Investment Trust (HRI)...

First of seven vital votes on Saba proposalsRetail investor engagement key to outcomeInvestors should 'use votes wisely' says analystThis is potentially a historic day (22 January) for the UK investment trust sector, with Herald Investment Trust's (HRI) shareholders about to kick-start a string of crucial votes to either approve or reject a radical agenda pursued by US raider Saba Capital...