Saba Capital Urges New Board to Offer 100% Cash Exit at 99% of NAV for Edinburgh Worldwide Investment Trust PLC

Saba Capital recommends a new board of directors at Edinburgh Worldwide Investment Trust PLC, offering shareholders a 100% cash exit at 99% of NAV. The firm argues that the current board has underperformed, with the trust losing over 40% in the past five years. The new directors would provide shareholders with a clear and certain path forward, guaranteeing a sale of their entire holding at 99% of NAV. Saba has proposed resolutions to elect three new independent directors and reject the re-election of incumbent directors.