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Saba Capital Income & Opportunities Fund - $BRW STOCK NEWS

Welcome to our dedicated page for Saba Capital Income & Opportunities Fund news (Ticker: $BRW), a resource for investors and traders seeking the latest updates and insights on Saba Capital Income & Opportunities Fund stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Saba Capital Income & Opportunities Fund's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Saba Capital Income & Opportunities Fund's position in the market.

News
Rhea-AI Summary

Saba Capital Income & Opportunities Fund (NYSE: BRW) announced a monthly dividend of $0.085 per share, payable on June 28, 2024, to shareholders of record on June 11, 2024. This distribution is part of the Fund's managed distribution plan, which aims to provide consistent monthly payouts and reduce the discount between the market price and net asset value of the Fund's shares. The Fund may distribute long-term capital gains and/or return of capital if sufficient investment income is unavailable. The Board of Trustees can amend or terminate the plan at any time, which could impact the Fund's market price. Investors are reminded that past performance is not indicative of future results and that the Fund's investments carry various risks, including market volatility and interest rate fluctuations.

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End-of-Day
0.82%
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dividends
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Rhea-AI Summary

Saba Capital Income & Opportunities Fund (NYSE: BRW) has announced the sources of its recent and year-to-date distributions, as per Section 19(a) of the Investment Company Act of 1940. For May 31, 2024, the distribution of $0.08500 per share included 47.83% from net investment income and 52.17% as a return of capital. Year-to-date, the distribution per share is $0.62400, with 33.30% from net investment income and 66.70% as a return of capital. These figures are estimates and not for tax reporting purposes.

The Fund aims to provide a high level of current income with secondary capital appreciation by investing globally in debt and equity securities. The performance data indicates an average annual total return of 2.48% over the past five years and an annualized distribution rate of 12.90% for the current fiscal period. The Fund's managed distribution plan, which aims for a fixed monthly rate, may include long-term capital gains and returns of capital. The Board may amend or terminate the Plan anytime.

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0.82%
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News
Rhea-AI Summary

BRW, a closed-end management investment company listed on NYSE, declared a monthly dividend of $0.085 per share on April 30, 2024, payable on May 31, 2024. The Fund's managed distribution plan aims to provide shareholders with a fixed rate of distribution to narrow the discount between market price and net asset value. Shareholders will receive notices detailing the source of income for dividends.

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End-of-Day
1.4%
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dividends
Rhea-AI Summary

BRW, listed on NYSE, informed shareholders about the sources of distributions. The estimated sources of the distribution paid on April 30, 2024, and fiscal year 2024 year-to-date were provided. Shareholders should not draw conclusions about investment performance solely based on the distribution amount. The Fund has distributed more than its income and net realized capital gains, suggesting a return of capital. The managed distribution plan aims to provide a fixed minimum rate of distribution each month. Past performance is not indicative of future results.

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End-of-Day
1.4%
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News
Rhea-AI Summary
Saba Capital Income & Opportunities Fund (BRW) declared a monthly dividend of $0.085 per share on March 28, 2024, payable on April 30, 2024. The Fund follows a Managed Distribution Plan to provide shareholders with a fixed minimum rate of distribution each month.
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0.14%
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Rhea-AI Summary
Saba Capital Income & Opportunities Fund (BRW) provides distribution notice to shareholders, detailing sources of distributions for March 28, 2024, and fiscal year 2024. Allocation breakdown includes net investment income, short-term capital gains, long-term capital gains, and return of capital.
Rhea-AI Impact
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End-of-Day
0.14%
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News
Rhea-AI Summary
Saba Capital Income & Opportunities Fund (BRW) declares a monthly dividend of $0.085 per share, following a managed distribution plan to provide shareholders with a fixed minimum rate of distribution. The Fund aims to narrow the discount between market price and net asset value of its common shares.
Rhea-AI Impact
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End-of-Day
0.27%
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Rhea-AI Summary
Saba Capital Income & Opportunities Fund (BRW) releases distribution sources for February 2024, showing a breakdown of net investment income, short-term capital gains, long-term capital gains, and return of capital. The fund's estimated allocations for the distribution paid on February 29, 2024, and fiscal year-to-date reveal a distribution per share of $0.08500 and $0.36900 respectively.
Rhea-AI Impact
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0.27%
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Rhea-AI Summary
Saba Capital Income & Opportunities Fund (BRW) provides an estimate of the sources of distributions pursuant to Section 19(a) of the Investment Company Act of 1940. The estimated sources of the distributions for the fiscal year 2024 year-to-date are detailed, including net investment income, net realized short-term capital gains, net realized long-term capital gains, and return of capital.
Rhea-AI Impact
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End-of-Day
0.26%
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News
Rhea-AI Summary
Saba Capital Income & Opportunities Fund (BRW) declared a monthly dividend of $0.085 per share, payable on February 29, 2024, to shareholders of record as of February 9, 2024. The dividend is part of the Fund's managed distribution plan, aiming to provide shareholders with a constant, fixed minimum rate of distribution each month. The plan is intended to narrow the discount between the market price and the net asset value of the Fund’s common shares. However, there is no guarantee of its success.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.67%
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dividends
Saba Capital Income & Opportunities Fund

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