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Saba Capital looks to oust IEM board in latest trust tussle | Collector
Saba Capital looks to oust IEM board in latest trust tussle
City A.M

Saba Capital looks to oust IEM board in latest trust tussle

US hedge fund Saba Capital is looking to oust the board of investment trust Impax Environmental Markets as investors race to the exit. In a letter sent to shareholders on Monday, Saba outlined its plans to requisition a general meeting of the company to “remove the entire board” and appoint a new board “composed solely [...]

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