SDCL Efficiency Income Trust proposes two new board members

SDCL Efficiency Income Trust plc (SEIT) has announced plans to appoint two new non-executive directors at a general meeting on October 15, 2026. The appointments will be made by the company's two largest shareholders, Saba Capital Management and General Atlantic SD. Boaz Weinstein, Saba Capital's founder and chief investment officer, has been nominated by his firm to represent approximately 27.8% of voting rights.

Richard Pavry, from General Atlantic, has also been proposed, holding around 16% of share capital. Both directors would be non-independent and not receive director fees or reimbursements. The appointments require separate ordinary resolutions at the meeting, set to take place at 2:00 p.m. at One Great Cumberland Place, London. The proposed directors will review and approve asset disposal proposals, with arrangements in place to manage conflicts of interest and protect confidential information.

Shareholders are encouraged to vote in favor of the resolutions, with Saba and General Atlantic confirming they will back the appointments.