Saba Capital Income & Opportunities Fund Stock Price, News & Analysis

Saba Capital Income & Opportunities Fund (NYSE: BRW) announced a monthly dividend of $0.047 per share, payable on May 31, 2022, for shareholders of record as of May 24, 2022. This distribution aligns with the Fund's managed distribution plan, targeting a minimum annual rate of 12.00% based on the average monthly net asset value. The plan aims to provide consistent distributions but is not guaranteed. Investors should recognize that the Fund may distribute long-term capital gains or return of capital to maintain this rate.

Saba Capital Income & Opportunities Fund (NYSE: BRW) declared a monthly dividend of $0.047 per share on March 31, 2022, payable on April 29, 2022 to shareholders of record by April 11, 2022. This is part of the Fund's managed distribution plan, ensuring an annual minimum fixed rate of 12.00% based on the average monthly net asset value. The plan aims to provide consistent monthly distributions but is subject to change. Investors will receive notices detailing the income sources for the dividend.

Saba Capital Income & Opportunities Fund (NYSE: BRW) announced a 1-for-2 reverse stock split, effective on May 20, 2022. Under this plan, every two common shares will be converted into one share, reducing the total authorized shares from 85,058,986 to 42,529,493. The Fund, which manages $3.8 billion in assets, continues to trade under the symbol BRW. Fractional shares will be issued as part of this split.

The Saba Capital Income & Opportunities Fund (NYSE: BRW) announced a monthly dividend of $0.048 per share, payable on March 31, 2022, to shareholders of record as of March 9, 2022. The Board approved an increase in the annual minimum fixed distribution rate to 12.00%. This distribution aligns with the fund's managed distribution plan, aiming to provide consistent monthly distributions. However, future performance is not guaranteed, and the fund’s reliance on capital gains or return of capital for distributions could indicate sustainability concerns.

Saba Capital Management has achieved a significant legal victory in its lawsuit against Nuveen Fund Advisors and its trustees regarding voting rights for closed-end fund shareholders. The United States District Court for the Southern District of New York ruled in favor of Saba on February 17, 2022, invalidating Nuveen's actions that stripped shareholders of their voting rights. This ruling is crucial for retail shareholders, reinforcing their ability to hold management accountable for performance and fees, as outlined in the Investment Company Act.

Saba Capital Income & Opportunities Fund (NYSE: BRW) declared a monthly dividend of $0.048 per share on January 31, 2022, payable on February 28, 2022, to shareholders of record as of February 9, 2022. The Fund's Board approved an increase in the annual minimum fixed distribution rate to 12.00% under its managed distribution plan. This plan intends to provide consistent monthly distributions based on the average monthly net asset value. However, the Fund may distribute long-term capital gains and/or return of capital to maintain this distribution if investment income is insufficient.

Saba Capital Income & Opportunities Fund (NYSE: BRW) announced a monthly dividend of $0.048 per share on December 31, 2021, payable on January 26, 2022. The Board approved an increase in the annual minimum fixed distribution rate under its managed distribution plan to 12.00%. This distribution plan aims to provide a steady income to shareholders, calculated as 12.00% of the previous month’s average net asset value. However, the plan's success is not guaranteed, and future dividends may include capital gains or return of capital.

The Saba Capital Income & Opportunities Fund (NYSE: BRW) announced an increase in its annual targeted distribution rate from 8% to 12% under its managed distribution plan. Starting January 2022, monthly distributions will be calculated based on the previous month’s average net asset value (NAV). The plan aims to provide shareholders with a stable, though not guaranteed, distribution rate and to minimize the discount between market price and NAV. However, if sufficient investment income is unavailable, the Fund may distribute long-term capital gains or return of capital.

The Saba Capital Income & Opportunities Fund (NYSE: BRW) declared a monthly dividend of $0.033 per share on November 30, 2021, payable on December 23, 2021. This distribution aligns with the Fund's managed distribution plan, promising an annual minimum fixed rate of 8.00% based on the average monthly net asset value. Shareholders may receive returns of capital if net investment income is insufficient. Actual sources for dividends will be detailed in annual reports, and the Board may amend or terminate the plan, potentially impacting share prices.