Thereās a relatively well hidden option for alerts under āresearch toolsā on the AICās website @EquityInvestor. I didnāt know it was there for years.
As I recall, you have to set up an account and itās pretty clunky. Scraping data into Google Sheets may be a better option.
Yes, Iāve been following the Saba saga on and off @Dougal1984 ā it seems to have been building towards this for a fair while.
Iāve not watched that closely because, aside from HRI which I exited a few years ago, I havenāt held any of the trusts in question.
Iām surprised we havenāt seen more of this type of thing actually, with average discounts hitting 2008 crisis levels in recent years.
Itāll be interesting to see how it plays out.
Given the extraordinarily poor performance of KPC, as an example, Iād imagine some shareholders may be amenable to siding with Saba.
At this point of time I donāt believe it is. If 212 were able to provide a letter of representation then we could vote in person, I canāt see it being a difficult thing to implement in the app as a downloadable template but right now they wonāt support that.
I may be wrong but Iād imagine this may have been the one Saba was least likely to win. HRI has a good long-term record and managementās well thought of.
I did read a headline somewhere that BlackRock had done a deal with Saba to get it to back off on its trusts.
Here is an interview with the chairwoman of Keystone Positive Change IT in which she explains the boardās view on Sabaās proposal, in case anyone is interested:
Interesting listen, thanks. I find it hard to have much sympathy with KPCās management. I dodged a bullet with that trust. Thankfully, Iām never bought into the whole āpositive changeā strategy, which sounds so wishy-washy.
