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Saba Capital Income & Opportunities Fund II (symbol: SABA) is a specialized investment fund managed by Saba Capital Management, L.P. The fund aims to deliver high current income and capital appreciation by investing primarily in income-producing securities. Under normal market conditions, SABA allocates at least 80% of its net assets to various debt securities from both U.S. and foreign issuers, including those in emerging markets.
Saba Capital Income & Opportunities Fund II distinguishes itself through a diversified portfolio that includes corporate bonds, government securities, and other fixed-income investments. The fund leverages the expertise of Saba Capital Management, a firm renowned for its credit and special situations investment strategies. This approach allows SABA to identify undervalued opportunities and optimize returns for its investors.
Recently, Saba Capital Income & Opportunities Fund II has achieved significant milestones such as strategic partnerships and robust returns on its diversified investment portfolio. The fund's strategy includes active management of its assets to adapt to market conditions, aiming to minimize risk while maximizing income potential. This proactive approach has positioned SABA as a competitive player in the investment fund market.
Financially, SABA maintains a strong balance sheet, with a focus on maintaining liquidity and managing risk. The fund’s performance is periodically reviewed, and transparent reporting ensures that investors stay informed about their investments. Notable partnerships with financial advisors and institutions further bolster the fund’s credibility and operational efficiency.
Investors interested in Saba Capital Income & Opportunities Fund II should consult their financial advisors for tailored advice, as all investments carry risks, including potential loss of principal. For the latest updates and detailed information, visit the official website or follow the latest news releases.
Saba Capital Income & Opportunities Fund II (NYSE: SABA) has notified shareholders about the sources of distributions for the fiscal year ending October 31, 2024. The distribution paid on June 20, 2024, is entirely a return of capital, with no net investment income or realized capital gains. Year-to-date, the fund has distributed $0.27170 per share, with 43.54% being net investment income and 56.46% being a return of capital. The Fund replaced Franklin Templeton as the investment adviser on January 1, 2024.
Performance highlights include an average annual total return of -2.19% over the last five years and a 13.33% cumulative total return for the current fiscal period. The Fund's managed distribution plan aims to provide a fixed monthly distribution of $0.029 per share, which may include long-term capital gains and return of capital if sufficient investment income is unavailable.
Risks involve investment in high-yield securities, foreign borrowers, and reinsurance-related securities, which are subject to various market and event-specific risks.
Saba Capital Income & Opportunities Fund II (NYSE: SABA) announced a 1-for-2 reverse stock split, effective after trading closes on June 21, 2024. Post-split, trading will resume on June 24, 2024. The split adjusts every two issued shares into one, with a new CUSIP number: 880198205. The fixed monthly distribution also adjusts from $0.029 to $0.058 per share, ensuring no change in monthly cash flow to shareholders. Shareholders in the dividend reinvestment plan will receive fractional shares, while others will receive cash for fractional shares through Equiniti Trust Company. No action is required for shareholders holding shares in book-entry or via a broker. Those with physical certificates will need to exchange them for new ones to receive fractional share payments and future distributions. Risks involve equity market performance, reinsurance-related securities, high-yield bonds, and foreign investments. More details can be found in the Fund's SEC filings.
Saba Capital Income & Opportunities Fund II (NYSE: SABA) announced a monthly dividend of $0.029 per share, payable on June 20, 2024, to shareholders of record on June 11, 2024. This dividend is part of the Fund's managed distribution plan, which aims to provide a fixed monthly payout and narrow the discount between market price and net asset value. The plan may distribute long-term capital gains or return of capital if sufficient investment income is not available. The distribution includes a special dividend paid in December 2023. The plan is subject to periodic review and may be amended or terminated by the Board of Trustees, potentially affecting the market price of the Fund's shares. The Fund's investments span global debt and equity securities, including reinsurance and derivatives, and carry various risks, including market fluctuations, interest rate changes, and the potential for substantial losses due to specific events.
Saba Capital Income & Opportunities Fund II (NYSE: SABA) has issued a notification regarding the sources of its monthly distribution as required by Section 19(a) of the Investment Company Act of 1940. The distribution paid on May 31, 2024, was entirely a return of capital ($0.029 per share). For the fiscal year-to-date, the distribution includes 48.74% net investment income and 51.26% return of capital. The fund's average annual total return over the past five years was -2.85%, with a cumulative total return of 11.32% for the fiscal period ending April 30, 2024. The managed distribution plan aims to provide a constant distribution rate, though it may include returns of capital. The fund also transitioned its investment adviser to Saba Capital Management, L.P. on January 1, 2024.
Saba Capital Income & Opportunities Fund II (NYSE: SABA) declared a monthly dividend of $0.029 per share on April 30, 2024, payable on May 31, 2024, to shareholders of record as of May 9, 2024. The managed distribution plan aims to provide a fixed amount per share monthly to narrow the discount between market price and net asset value.
Saba Capital Income & Opportunities Fund II (NYSE: SABA) announced the approval of an open market share repurchase program, a reverse stock split, and the declassification of the Board of Trustees. The repurchase program allows the Fund to buy back up to 10% of common shares annually to enhance shareholder value. The reverse stock split is set at a ratio of 1-for-2, and the Board declassification aligns governance with industry standards.
Saba Capital Income & Opportunities Fund II (SABA) has announced the notification of sources of distributions for shareholders, prospective shareholders, and third parties as per the Investment Company Act of 1940. The Fund's estimated sources of distribution for April 30, 2024, and fiscal year 2024 year-to-date reveal a return of capital to shareholders. Saba Capital Management, L.P. replaced Franklin Templeton Advisers, Inc. as the investment adviser effective January 1, 2024. The Fund's managed distribution plan aims to provide a fixed monthly distribution rate of $0.029 per share to narrow the discount between market price and net asset value.
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