The Association of Investment Companies (AIC) has commented on Wednesday’s general meeting of The European Smaller Companies Trust, managed by Janus Henderson Investors. Saba’s proposals were defeated by shareholders at the general meeting.
Richard Stone, Chief Executive of the Association of Investment Companies (AIC), said: “Shareholders of The European Smaller Companies Trust have resolutely voted against Saba’s proposals. With six out of seven votes completed, it’s clear that shareholders value investment trusts’ long-term approach to investing and the independent oversight provided by boards of directors.
“Of course, it’s not over yet. The Edinburgh Worldwide vote is on Valentine’s Day and shareholders need to act now to be sure of meeting platform deadlines.”
The AIC’s campaign, ‘My share, my vote’, aims to make sure that all shareholders can use their vote, whether they hold their shares on platforms or through advisers. You can read more about the campaign here.
Platform deadlines for Edinburgh Worldwide
| Investment trust | Date of general meeting | AJ Bell voting deadline* | Hargreaves Lansdown voting deadline | interactive investor voting deadline |
| Edinburgh Worldwide | 14/02/2025 | 10/02/2025 | 10/02/2025 | 11/02/2025 |
Source: AIC / platforms. Voting deadline is close of business on the stated date. * AJ Bell will handle any late votes on a best efforts basis.
