{
  "id": 3023674,
  "title": "Saba pushes for full cash exit at Baillie Gifford US Growth Trust",
  "url": "https://urgent.news/2026/08/24/saba-pushes-for-full-cash-exit-at-baillie-gifford-us-growth-trust",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-24T12:38:36.000Z",
  "source": {
    "name": "Hedgeweek",
    "slug": "hedgeweek",
    "url": "https://www.hedgeweek.com/saba-pushes-for-full-cash-exit-at-baillie-gifford-us-growth-trust/"
  },
  "original_language": "en",
  "account": "Saba Capital Management is intensifying its push for a full cash exit at Baillie Gifford US Growth Trust, proposing the election of three new directors. The activist investor, the firm's biggest shareholder, has nominated Jason Chen, Thomas H. McGlade, and Sir James Waterlow for the upcoming AGM. If these nominees are elected, they aim to secure a 100% cash exit for shareholders, arguing that the trust has underperformed and is trading at a discount to net asset value.\n\nOver the past five years, Saba claims the trust has trailed the S&P 500 by 88.4% in share price and 79.1% in NAV. This campaign is part of a broader UK investment trust strategy, with Saba citing nine successful outcomes in the past two years. These have included liquidity events and buybacks, which Saba says have delivered substantial value to shareholders. The AGM vote will decide whether the nominees secure board seats and can facilitate a full liquidity event.",
  "summary": "Saba Capital Management has stepped up its campaign at Baillie Gifford US Growth Trust, proposing three new directors and calling for a full cash exit for shareholders at or near net asset value.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}