Herald investors vote against Boaz Weinstein's revamp plan
Published by Global Banking & Finance Review®
Posted on January 22, 2025
1 min readLast updated: January 27, 2026

Published by Global Banking & Finance Review®
Posted on January 22, 2025
1 min readLast updated: January 27, 2026

Herald Investment Trust shareholders reject Boaz Weinstein's board overhaul plan, impacting the UK's trust sector and Saba Capital's campaign.
LONDON (Reuters) - Shareholders in Herald Investment Trust on Wednesday rejected a campaign by U.S. activist investor Saba Capital to overhaul its board, in a blow to founder Boaz Weinstein's wider push to shake-up the UK's 269 billion pound ($333 billion) trust sector.
($1 = 0.8087 pounds)
(Reporting by Iain Withers, editing by Sinead Cruise)
The main topic is the rejection of Boaz Weinstein's plan to overhaul the board of Herald Investment Trust by its shareholders.
Boaz Weinstein is the founder of Saba Capital, a U.S. activist investor firm pushing for changes in the UK trust sector.
The vote is a setback for Boaz Weinstein's efforts to reform the UK's £269 billion trust sector.
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