Edinburgh Worldwide Investment Trust

Saba Capital has emerged victorious in a shareholder vote, paving the way for it to seize control of Edinburgh Worldwide Investment Trust. The trust's board had urged investors to support a tender offer to wind up the trust, but shareholders backed Saba's alternative proposal.

Summary of transaction details:

• Value: Not disclosed
• Sector: Financial Services
• Advisor: Not disclosed
• Key Entities: Saba Capital, Edinburgh Worldwide Investment Trust
• Location: UK

Note: The outcome of the vote is likely to have significant implications for the future of the trust and its investments, with Saba accusing the board of being 'out of touch' with shareholders.