Saba Capital Urges Impax Asset Management to Fund Tender Costs for Shareholders

Saba Capital Management, a significant shareholder of Impax Environmental Markets PLC, has responded to the company's proposed Exit Tender Offer. Saba claims that Impax Asset Management is not acting in the best interests of its investors, citing underperformance and investor outflows. Saba is urging Impax to agree to fund the tender costs for all shareholders, as it believes the majority of shareholders want to exit the poorly performing fund.