Baillie Gifford US Growth Trust PLC released its interim financial report for the six months ended November 30, 2024, highlighting strong performance and growth in shareholder value. The companys share price and NAV returned 40.9% and 29.4%, respectively, outperforming the S&P 500 Indexs total return of 15.3% in sterling terms. The chair, Tom Burnet, expressed concern about Saba Capital Managements self-serving and destructive proposals, which could threaten the companys board independence and investment strategy. The board urges shareholders to vote against Sabas proposals by the deadline of January 30, 2025. The report also includes details about the companys investments, financial statements, and principal risks and uncertainties.
| Year | Revenue | Capital | Total | Debt |
|---|---|---|---|---|
| 2024 | £362,000 | £184,985,000 | £182,942,000 | £39,338,000 |
| 2023 | £305,000 | £26,565,000 | £24,822,000 | £39,271,000 |
| 2022 | £603,000 | £96,166,000 | £92,462,000 | £39,271,000 |