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

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.

Saba Capital Income & Opportunities Fund (NYSE: BRW) announced a monthly dividend of $0.033 per share on October 29, 2021, with payment scheduled for November 23, 2021. This distribution aligns with the Fund's managed distribution plan, targeting an 8.00% annual minimum fixed rate based on the previous month's average net asset value. Shareholders will receive notifications detailing the income source for the dividend, but actual sources will be disclosed in year-end reports. Investment returns may fluctuate, and higher risks are associated with high yield credit investments.

Saba Capital Income & Opportunities Fund (NYSE: BRW) announced a monthly dividend of $0.033 per share on September 30, 2021, payable on October 25, 2021 to shareholders on record as of October 12, 2021. This distribution aligns with the Fund's managed distribution plan, which aims for a fixed annual rate of 8.00% based on the average monthly net asset value. The Fund may also distribute long-term capital gains or return of capital if investment income is insufficient. Shareholders will receive details on the income source for dividends.

Saba Capital Income & Opportunities Fund (NYSE: BRW) declared a monthly dividend of $0.033 per share on August 31, 2021, payable on September 23, 2021 to shareholders of record as of September 10, 2021. The dividend aligns with the Fund's managed distribution plan, ensuring an initial annual minimum fixed rate of 8.00% based on the average monthly net asset value. The plan aims to maintain a constant distribution rate while adhering to tax regulations. Shareholders will be notified of the income source for the dividend in compliance with regulatory requirements.

Saba Capital Income & Opportunities Fund (NYSE: BRW) announced a monthly dividend of $0.033 per share on July 30, 2021, payable on August 23, 2021, to shareholders of record as of August 10, 2021. This is part of the Fund's managed distribution plan, targeting a fixed annual rate of 8.00% based on the average monthly net asset value. The Fund may also distribute long-term capital gains or return of capital if sufficient investment income isn't available. The Fund’s investment strategy includes high yield credit and may involve risks such as borrower defaults and interest rate fluctuations.