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European Opportunities Trust, once the best performing listed fund in its sector, is embroiled in a struggle with US activist investor Saba Capital that has left shareholders with a decision over whether to sell some of their shares in a tender offer.
Saba Capital Management, which holds a 5% stake in the European Opportunities trust (EOT), has opposed the board’s conditional tender offer.
The European Opportunities trust has agreed to a reduced management fee with its investment manager, effective from earlier this summer.
From Enron to Wirecard, elaborate scams can remain undetected long after the warning signs appear. What are investors missing?
Wealthy landowners have filed a high court case to ‘clarify’ law around public access to the moor