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Story summary
- Shareholders voted on 30 April 2026 to replace the board, removing chair Jonathan Simpson-Dent and five directors and appointing Saba-backed nominees Gabriel Gliksberg, Jassen Trenkow and Michael Joseph.
- U.S. institutional funds holding over 40% of EWIT’s shares voted against the board, matching the trust’s 40% U.S. ownership.
- Saba will liquidate EWIT’s 20% SpaceX stake after its IPO and refocus on UK-listed trusts with a single-digit NAV discount via share-buybacks.
