HERALD INVESTMENT TRUST ORD 25P overview

Saba Capital Management, L.P. (together with certain of its affiliates, “Saba” or “we”) today issued the following statement regarding the announced outcome of Herald Investment Trust PLC’s (HRI:LSE) (the “Trust”) Requisitioned General Meeting on 22 January 2025. “We appreciate the thoughtful engagement from fellow HRI shareholders in recent weeks, which only reinforces the dire state of the U.K. investment trust industry and need for Saba’s presence in the market. Over a brief...

Saba Capital Management, L.P. (together with certain of its affiliates, “Saba” or “we”), today issued the following statement regarding its support for an offer to shareholders of Herald Investment Trust PLC (HRI:LSE) (“HRI” or the “Trust”) of a full cash exit near net asset value (“NAV”), overseen by a fully independent Board, if Saba’s efforts to reconstitute the Board of Directors (“the Board”) are successful: “If shareholders support Saba’s resolutions to...

Saba Capital Management, L.P. (together with certain of its affiliates, “Saba” or “we”), which owns approximately 20.9% of Herald Investment Trust PLC (HRI:LSE) (“HRI” or the “Trust”), today issued the following statement from Founder and Chief Investment Officer Boaz Weinstein regarding misleading statements included in HRI’s Circular for the Requisitioned General Meeting that is scheduled for 22 January 2025: “While Katie Potts has delivered strong returns over most of her...