SABA Announces $0.058 Dividend
Saba Capital Income & Opportunities Fund II (NYSE: SABA) has declared a monthly dividend of $0.058 per share, payable on November 29, 2024, to shareholders of record as of November 11, 2024. This distribution follows the Fund's Managed Distribution Plan, which aims to provide shareholders with fixed monthly distributions and narrow the discount between market price and net asset value. The Plan may distribute long-term capital gains or return capital if investment income is insufficient. The Fund invests globally in debt and equity securities, including closed-end funds, SPACs, reinsurance, and various debt instruments.
Il Saba Capital Income & Opportunities Fund II (NYSE: SABA) ha dichiarato un dividendo mensile di $0.058 per azione, che sarà pagato il 29 novembre 2024, agli azionisti registrati al 11 novembre 2024. Questa distribuzione segue il Piano di Distribuzione Gestita del Fondo, il quale ha l'obiettivo di fornire agli azionisti distribuzioni mensili fisse e ridurre il disavanzo tra il prezzo di mercato e il valore netto dell'attivo. Il Piano può distribuire guadagni in conto capitale a lungo termine o restituire capitale se il reddito da investimenti è insufficiente. Il Fondo investe a livello globale in titoli di debito e azioni, inclusi fondi chiusi, SPAC, riassicurazione e vari strumenti di debito.
El Saba Capital Income & Opportunities Fund II (NYSE: SABA) ha declarado un dividendo mensual de $0.058 por acción, que se pagará el 29 de noviembre de 2024, a los accionistas registrados hasta el 11 de noviembre de 2024. Esta distribución sigue al Plan de Distribución Gestionada del Fondo, que tiene como objetivo brindar a los accionistas distribuciones mensuales fijas y reducir el descuento entre el precio de mercado y el valor neto de los activos. El Plan puede distribuir ganancias de capital a largo plazo o devolver capital si los ingresos por inversiones son insuficientes. El Fondo invierte a nivel global en valores de deuda y acciones, incluidos fondos cerrados, SPAC, reaseguro y varios instrumentos de deuda.
사바 캐피탈 인컴 & 오퍼튜니티 펀드 II (NYSE: SABA)는 주당 $0.058의 월 배당금을 선언하였으며, 이는 2024년 11월 29일에 지급되어 2024년 11월 11일 기준 주주에게 지급됩니다. 이 배분은 주주에게 고정된 월 배당금을 제공하고 시장 가격과 순자산 가치 간의 할인률을 좁히기 위한 자금의 관리 배분 계획에 따릅니다. 계획은 투자 수익이 충분하지 않을 경우 장기 자본 이득을 분배하거나 자본을 반환할 수 있습니다. 이 자금은 세계적으로 채무 및 주식 증권에 투자하며, 폐쇄형 펀드, SPAC, 재보험 및 다양한 채무 도구를 포함합니다.
Le Saba Capital Income & Opportunities Fund II (NYSE: SABA) a déclaré un dividende mensuel de 0,058 $ par action, payable le 29 novembre 2024, aux actionnaires inscrits au 11 novembre 2024. Cette distribution fait suite au Plan de Distribution Géré du Fonds, qui vise à fournir aux actionnaires des distributions mensuelles fixes et à réduire l'écart entre le prix du marché et la valeur nette des actifs. Le Plan peut distribuer des plus-values à long terme ou retourner du capital si les revenus d'investissement sont insuffisants. Le Fonds investit à l'échelle mondiale dans des titres de créance et des actions, y compris des fonds fermés, des SPAC, la réassurance et divers instruments de dette.
Der Saba Capital Income & Opportunities Fund II (NYSE: SABA) hat eine monatliche Dividende von $0.058 pro Aktie erklärt, die am 29. November 2024 an die Aktionäre gezahlt wird, die am 11. November 2024 im Aktienregister stehen. Diese Ausschüttung erfolgt gemäß dem Verwaltungsverteilungplan des Fonds, der darauf abzielt, den Aktionären feste monatliche Ausschüttungen zu bieten und den Rabatt zwischen Marktpreis und Nettoinventarwert zu verringern. Der Plan kann langfristige Kapitalgewinne oder Kapitalrückzahlungen ausschütten, wenn die Anlageerträge unzureichend sind. Der Fonds investiert global in Schulden- und Eigenkapitalwertpapiere, einschließlich geschlossener Fonds, SPACs, Rückversicherung und verschiedener Schuldtitel.
- Consistent monthly dividend payment of $0.058 per share
- Managed Distribution Plan aims to narrow market price to NAV discount
- Diversified global investment strategy across multiple asset classes
- Distributions may include return of capital if investment income is insufficient
- Fund performance tied to triggering events in reinsurance investments that could result in substantial losses
- secondary market for certain bonds and loans may affect selling ability
Managed Distribution Plan. The above distribution was declared in accordance with the Fund’s currently effective managed distribution plan (the “Plan”), whereby the Fund will make monthly distributions to shareholders at a fixed amount of
Under the Plan, to the extent that sufficient investment income is not available on a monthly basis, the Fund will distribute long-term capital gains and/or return of capital in order to maintain its managed distribution rate. As a result, long-term capital gains and/or return of capital may be a material source of any distribution. No conclusions should be drawn about the Fund’s investment performance from the amount of the Fund’s distributions or from the terms of the Fund’s Plan. The Board of Trustees (the “Board”) may amend the terms of the Plan or terminate the Plan at any time without prior notice to Fund shareholders. No level of distribution can be guaranteed. The amendment or termination of the Plan could have an adverse effect on the market price of the Fund’s common shares. The Plan is subject to the periodic review by the Board, including a yearly review of the annual minimum fixed rate to determine if an adjustment should be made.
In compliance with Rule 19a-1 of the Investment Company Act of 1940, shareholders will receive a notice that details the source of income for the above dividend, such as net investment income, gain from the sale of securities and return of principal; however, determination of the actual source of the foregoing dividend can only be made at year-end. The actual source amounts of all Fund dividends will be included in the Fund’s annual or semiannual reports. In addition, the tax treatment may differ from the accounting treatment used to calculate the source of the Fund’s dividends as shown on shareholders’ statements. Shareholders should refer to their Form 1099-DIV for the character and amount of distributions for income tax reporting purposes. Since each shareholder’s tax situation is unique, it may be advisable to consult a tax advisor as to the appropriate treatment of Fund distributions.
Past Performance is No Assurance of Future Results. Investment return and principal value of an investment in the Fund will fluctuate. Shares, when sold, may be worth more or less than their original cost. Investors should consider the investment objective, risks and expenses carefully. You can obtain the Fund’s most recent periodic reports and filings by visiting https://www.sec.gov/edgar/browse/?CIK=828803&owner=exclude.
Other Information and Certain Risk Factors: The Fund’s investment objective is to provide investors with high current income, with a secondary goal of capital appreciation. There can be no assurance that the Fund will meet its investment objective. The Fund seeks to achieve this objective by investing globally in debt and equity securities of public and private companies, which includes, among other things, investments in closed‐end funds, special purpose acquisition companies (“SPACs”), reinsurance, and public and private debt instruments. The Fund also may utilize derivatives including but not limited to total return swaps, credit default swaps, options (including but not limited to index options) and futures, in seeking to enhance returns and/or to reduce portfolio risk. In addition, on an opportunistic basis, the Fund may also invest up to
The value of the Fund’s investments in equity securities of public and private, listed and unlisted companies and equity derivatives generally varies with the performance of the issuer and movements in the equity markets more generally. As a result, the Fund may suffer losses if it invests in equity instruments of issuers whose performance diverges from the Fund’s investment manager’s expectations or if equity markets generally move in a single direction and the Fund has not hedged against such a general move. The Fund may invest in closed-end funds and SPACs, which are subject to additional risks and considerations. The performance of reinsurance-related securities and the reinsurance industry itself are tied to the occurrence of various triggering events, including but not limited to weather, natural disasters (hurricanes, earthquakes, etc.), non-natural large catastrophes and other specified events causing physical and/or economic loss. To the extent the Fund invests in reinsurance-related securities for which a triggering event occurs, losses associated with such event could result in losses to the Fund’s investment, and a series of major triggering events affecting a large portion of the reinsurance- related securities held by the Fund could result in substantial losses to the Fund’s investment. The Fund may invest in high yield securities, which are speculative in nature and are subject to additional risk factors such as increased possibility of default, illiquidity of the security, and changes in value based on changes in interest rates. Changes in short-term market interest rates may directly affect the yield on the Fund’s common shares. If such rates fall, the Fund’s yield may also fall. If interest rate spreads on bonds and loans owned by the Fund decline in general, the yield on the bonds and loans will likely fall and the value of such bonds and loans may decrease. When short-term market interest rates rise, because of the lag between changes in such short-term rates and the resetting of the floating rates on bonds and loans in the Fund’s portfolio, the impact of rising rates will be delayed to the extent of such lag. Because of the limited secondary market for certain bonds and loans, the Fund’s ability to sell such securities in a timely fashion and/or at a favorable price may be limited. An increase in the demand for bonds and loans may adversely affect the rate of interest payable on new bonds and loans acquired by the Fund, and it may also increase the price of bonds and loans purchased by the Fund in the secondary market. A decrease in the demand for bonds and loans may adversely affect the price of bonds and loans in the Fund’s portfolio, which would cause the Fund’s net asset value to decrease. Investment in foreign borrowers involves special risks, including but not limited to potentially less rigorous accounting requirements, differing legal systems and potential political, social and economic adversity. The Fund may engage in currency exchange transactions to seek to hedge, as closely as practicable, all of the economic impact to the Fund arising from foreign currency fluctuations. Other risks include, but are not limited to, the use of derivatives, the potential lack of diversification in the Fund’s portfolio, and the fact that the Fund’s portfolio may be concentrated in a small group of industries or industry sectors from time to time. Investors should consult the Fund’s filings with the Securities and Exchange Commission as well as the materials on the Fund’s website for a more detailed discussion of these or other risk factors that affect the Fund.
About Saba Capital Income & Opportunities Fund II. Saba Capital Income & Opportunities Fund II is a publicly-traded registered closed-end management investment company. The Fund’s common shares trade on the New York Stock Exchange under the ticker symbol “SABA”. The Fund is managed by Saba Capital Management, L.P.
Forward-Looking Statements. This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact (including but not limited to statements containing the words “believes,” “plans,” “anticipates,” “expects,” “estimates” and similar expressions) should also be considered to be forward-looking statements. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements. These factors, including but not limited to the “Certain Risk Factors” noted above, are identified from time to time in the Fund’s filings with the Securities and Exchange Commission as well as the materials on the Fund’s website. The Fund undertakes no obligation to update such statements to reflect subsequent events, except as may be required by law.
For further information on Saba Capital Income & Opportunities Fund II, please visit our website at: www.sabacef.com.
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Source: Saba Capital Income & Opportunities Fund II
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