Shareholders in the Henderson Opportunities and CQS Natural Resources Growth and Income trusts decisively rejected proposals by Boaz Weinstein’s firm Saba Capital to oust their boards and replace them with its own nominees.
Defeated: Shareholders in the Henderson Opportunities and CQS Natural Resources Growth and Income trusts rejected proposals by Boaz Weinstein’s firm Saba Capital.
Overall, shareholders voted 65.6 per cent against the plans compared to just 34.4 per cent in favour.
Meanwhile at CQS, more than 59 per cent rejected the proposals compared to 40.9 per cent in support.
At Henderson Opportunities yesterday, more than 99 per cent of votes that were not cast by Saba opposed its proposals.
