Saba Capital Blocks Baillie Gifford Trusts Merger

Saba Capital has objected to the merger of Baillie Gifford's two investment trusts, citing concerns over the deal's structure and potential impact on investors. The objection comes ahead of the merger vote scheduled for March 30. Baillie Gifford has previously stated that the merger would simplify the trusts' structures and provide greater flexibility for the company. The outcome of the merger remains uncertain.