Edison Reports on Baillie Gifford US Growth Trust Merger Talks

On December 4, 2025, Edison Investment Research published a report focusing on discussions about a possible merger between Baillie Gifford US Growth Trust (USA) and Edinburgh Worldwide Investment Trust (EWI). This strategic move aims to refine the current business strategy and offer shareholders a significant cash exit. However, a hurdle has emerged in the form of Saba Capital Management, which holds a 29% stake in EWI. Their opposition is capable of blocking the merger. Despite this, the USA board remains optimistic about the merger's benefits and seeks to engage shareholders in the decision-making process. The full report can be accessed on Edison's website.