Uncovering Trusts – Edinburgh Worldwide Investment Trust (EWI) – one of the trusts targeted by Saba

In this episode, our director of content, investment trusts Milosz Papst discusses Edinburgh Worldwide Investment Trust (EWI), which aims to generate long-term capital growth from a diversified portfolio of smaller-cap global equities. He highlights how important it is for EWI’s shareholders to cast their vote at the upcoming general meeting in light of Saba Capital’s resolutions. Saba wants to remove the trust’s independent board and replace it with two directors proposed by Saba, change the management of the company from Baillie Gifford to Saba and amend Edinburgh Worldwide’s strategy. Milosz also discusses the recent proposals of EWI’s board to put the trust back on a path to renewed growth and to return a meaningful amount of capital to shareholders.

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About Uncovering Trusts:

Uncovering Trusts is a podcast run by Edison analysts, which is released every two weeks. Subscribe to hear analyst interviews on how investment trusts maximise returns while managing risks for investors.