At least 98 per cent of votes cast by investors that are not Saba have been against the firm's proposals, while Saba's high-water mark for support has been the 41 per cent vote in favour at the CQS Natural Resources Growth and Income trust last Tuesday, most of which came from its own shares.
Small investors hold an estimated 50 per cent of Edinburgh Worldwide compared to around 21 per cent owned by Saba, although the US hedge fund could control the votes a larger share through financial instruments.
Edinburgh Worldwide, which is listed on the FTSE 250, is the last trust to face a shareholder vote this Friday after six others fought off plans by Saba boss Boaz Weinstein to clear out their directors and replace them with his own allies.
Edinburgh's chairman Jonathan Simpson-Dent has been one of the more vocal critics of Weinstein during the campaign, accusing the US financier of staging an 'overt land grab' and trying to 'exploit' the fact that the trust's large number of retail shareholders do not normally vote.
Shareholders have been told to 'act now' if they want to vote on the final attempt by US hedge fund Saba Capital to oust the board of a London-listed investment trust.
