Saba Capital Sends Letter to Edinburgh Worldwide Investment Trust PLC's Board Regarding Requisition of General Meeting to Replace Board and Deliver Value to Shareholders.

Saba Capital, a 30% shareholder in Edinburgh Worldwide Investment Trust PLC, has sent a letter to the board regarding its intention to requisition a general meeting to remove the incumbent board and appoint new, independent directors who will deliver long-term value for shareholders. The company has underperformed its benchmark and peers over the past five years, with a net asset value return of -30.8% and share price return of -35.0%.