It comes after The Mail on Sunday revealed last month that Scottish Widows and two other platforms owned by Lloyds Bank were not allowing investors to vote on the Saba proposals.
Rejected: Investors in six of the investment trusts targeted by Boaz Weinstein have sent the US corporate raider packing.
Investors in six of the investment trusts targeted by Boaz Weinstein have sent the US corporate raider packing.
Under current rules, Saba –which had built up sizeable stakes in each of the targeted trusts –needed only 50 per cent of votes cast to achieve victory.
As a result, turnout among smaller investors, who account for a large portion of the share register of each trust, was crucial in deciding the outcome of Saba's campaign.
