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flag Saba Capital's takeover bid for Baillie Gifford and Keystone Positive Change funds was rejected by shareholders.

flag Saba Capital's takeover bid for Baillie Gifford US Growth and Keystone Positive Change was overwhelmingly rejected by shareholders. flag At Baillie Gifford US Growth, 65.6% of shareholders voted against the proposal, with 98.5% of non-Saba votes opposing it. flag Similarly, at Keystone Positive Change, over 60% of shareholders voted against the takeover, with only 0.8% of non-Saba shareholders in favor. flag The boards now plan to offer shareholders an uncapped cash exit or a rollover into a more liquid fund.

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