Gore Street Energy narrowly defeats Saba’s wind down vote

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Saba has been a thorn in the side of the UK's investment trust industry Gore Street Energy Fund has survived an attempt by activist hedge fund Saba Capital to wind it down at its latest annual ...

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vote","media":"cityam","content":"<div>\n<p>Saba has been a thorn in the side of the UK's  investment trust industry Gore Street Energy Fund has survived an attempt by activist hedge fund Saba Capital to wind it down at its latest annual ...</p>\n\n<a href=\"https://www.cityam.com/gore-street-energy-narrowly-defeats-sabas-wind-down-vote/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gore Street Energy narrowly defeats Saba’s wind down vote</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGore Street Energy narrowly defeats Saba’s wind down vote\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-09-16 22:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/gore-street-energy-narrowly-defeats-sabas-wind-down-vote/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Saba has been a thorn in the side of the UK's  investment trust industry Gore Street Energy Fund has survived an attempt by activist hedge fund Saba Capital to wind it down at its latest annual ...</p>\n\n<a href=\"https://www.cityam.com/gore-street-energy-narrowly-defeats-sabas-wind-down-vote/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AGM","symbol_name":"联邦农业抵押贷款公司","start_time":0,"source_url":"https://www.cityam.com/gore-street-energy-narrowly-defeats-sabas-wind-down-vote/","article_id":"2667819119","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2026/01/boaz-weinstein-saba.jpg?w=824&h=463&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/gore-street-energy-narrowly-defeats-sabas-wind-down-vote/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2667819119","pubTimestamp":1789569278,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"The second resolution put forward, that the directors subsequently propose the firm’s winding up or liquidation, also fell short with 44.25 per cent of the votes.The support for Saba’s resolutions prompted the fund’s board to pledge to “engage and establish a productive way forward” with shareholders in order to deliver “enhanced value”.Stay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.A GSF spokesperson said: “The Board will therefore engage with shareholders to discuss any views they may have…and will report on the actions it has taken to further engage with shareholders.”James Carthew, head of investment company research at Quoted Data, said the outcome allows the company some “breathing space” to progress with plans to enhance returns, but warned shareholders will be impatient.“As a shareholder, I am very pleased to see that Saba’s attempt to force a potentially value-destr","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AGM":"联邦农业抵押贷款公司","CTEX":"ProShares S&P Kensho Cleantech ETF","BK4195":"互助储蓄与抵押信贷金融服务","BK4229":"商业和住宅抵押贷款融资"},"translate_title":"Gore Street Energy 以微弱优势击败 Saba 的关闭投票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CTEX":1.5,"AGM":1},"content_text":"Saba has been a thorn in the side of the UK's  investment trust industry Gore Street Energy Fund has survived an attempt by activist hedge fund Saba Capital to wind it down at its latest annual general meeting, after investors narrowly voted against its discontinuation.The battery fund quashed the Boaz Weinstein-run fund’s efforts to shut it down at its annual general meeting (AGM) on Wednesday, but more than 44 per cent of votes were cast in favour of winding it down.Saba’s resolution that Gore Street Energy Storage (GSF) not continue as an investment company received 44.03 per cent of votes in favour.\n\nThe second resolution put forward, that the directors subsequently propose the firm’s winding up or liquidation, also fell short with 44.25 per cent of the votes.The support for Saba’s resolutions prompted the fund’s board to pledge to “engage and establish a productive way forward” with shareholders in order to deliver “enhanced value”.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nA GSF spokesperson said: “The Board will therefore engage with shareholders to discuss any views they may have…and will report on the actions it has taken to further engage with shareholders.”\n\nSaba Capital holds roughly an 18 per cent stake in the fund.Saba’s attempt to force a wind-down marks its latest assault on London-listed trusts.Shareholder frustrationNon-executive chair Angus Gordon Lennox also scarcely avoided being ousted from his position, clinging on with 55.3 per cent of votes for his re-election.\n\nJames Carthew, head of investment company research at Quoted Data, said the outcome allows the company some “breathing space” to progress with plans to enhance returns, but warned shareholders will be impatient.“As a shareholder, I am very pleased to see that Saba’s attempt to force a potentially value-destructive wind up on Gore Street Energy Storage has failed,” said Carthew.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}