ISS Recommends The New Ireland Fund’s Shareholders Vote for Boardroom Change on Saba Capital’s GOLD Proxy Card
Saba Capital Management, L.P. (collectively with its affiliates, Saba), a meaningful shareholder of The New Ireland Fund (NYSE: IRL) (IRL or the Fund), today announced that leading independent proxy advisory firm Institutional Shareholder Services Inc. ("ISS) has recommended IRLs shareholders vote for boardroom change on the GOLD proxy card.
- Saba Capital Management, L.P. (collectively with its affiliates, Saba), a meaningful shareholder of The New Ireland Fund (NYSE: IRL) (IRL or the Fund), today announced that leading independent proxy advisory firm Institutional Shareholder Services Inc. ("ISS) has recommended IRLs shareholders vote for boardroom change on the GOLD proxy card.
- Given Saba's history with bank loan CEFs, this contest represents a new asset class for its activism.
- Its arguments are credible and position meaningful, therefore the contest deserves careful analysis on its merits.
- Founded in 2009 by Boaz Weinstein, Saba is privately held by its partnership and headquartered in New York City.