Saba Capital looks to oust IEM board in latest trust tussle

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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 https://www.cityam.com/saba-capital-looks-to-oust-iem-board-in-latest-trust-tussle/">[...]