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Saba Capital Income & Opportunities Fund II reports recurring closed-end fund developments centered on its managed distribution plan, monthly dividend declarations and Section 19(a) notices describing estimated distribution sources. The NYSE-listed registered closed-end management investment company seeks high current income, with capital appreciation as a secondary objective, and invests in fixed income markets globally.
Company updates also cover fund distribution policy, tax-character information included in annual and semi-annual reporting, net asset value discount considerations, shareholder voting matters, capital-structure disclosure, and operating and financial results.
Saba Capital Income & Opportunities Fund II (NYSE: SABA) has announced its monthly distribution details for July 31, 2025. The Fund will distribute $0.058 per share, with 73.87% ($0.04284) coming from net investment income and 26.13% ($0.01516) from return of capital.
For the fiscal year-to-date through June 30, 2025, the Fund has distributed $0.46400 per share, with 38.58% from net investment income and 61.42% from return of capital. The Fund's performance metrics show an average annual total return of 3.72% for the 5-year period and a cumulative total return of 12.00% for the current fiscal period.
The Fund maintains a managed distribution plan with fixed monthly distributions of $0.058 per share, aiming to narrow the discount between market price and NAV.
Saba Capital Income & Opportunities Fund II (NYSE: SABA) has declared a monthly dividend of $0.058 per share on June 30, 2025. The dividend is payable on July 31, 2025 to shareholders of record as of July 9, 2025.
The distribution is part of the Fund's managed distribution plan, which aims to provide shareholders with a constant fixed minimum rate of distribution each month. The plan is designed to narrow the discount between the market price and net asset value of the Fund's common shares. If sufficient investment income is not available monthly, the Fund will distribute long-term capital gains and/or return of capital to maintain its managed distribution rate.
The Fund's investment objective focuses on providing high current income with capital appreciation as a secondary goal. It achieves this through global investments in debt and equity securities, including closed-end funds, SPACs, reinsurance, and various debt instruments. The Fund may also utilize derivatives and invest up to 15% in private funds.
Saba Capital Income & Opportunities Fund II (NYSE: SABA) has announced its monthly distribution details and sources of distributions for June 30, 2025. The Fund declared a monthly distribution of $0.0580 per share, with the following composition: 28.78% from net investment income and 71.22% return of capital.
For the fiscal year-to-date through May 31, 2025, the Fund's cumulative distribution of $0.4060 per share consists of 39.98% net investment income and 60.02% return of capital. The Fund maintains a managed distribution plan with a fixed monthly rate of $0.058 per share.
Key performance metrics include an average annual total return of 2.64% for the 5-year period ended May 31, 2025, an annualized distribution rate of 7.35%, and a cumulative total return of 6.85% for the current fiscal period. The Fund's investment objective focuses on providing high current income with capital appreciation as a secondary goal.
Saba Capital Income & Opportunities Fund II (NYSE: SABA) has declared a monthly dividend of $0.058 per share, payable on May 30, 2025 to shareholders of record as of May 9, 2025. The dividend is part of the Fund's Managed Distribution Plan, which aims to provide shareholders with a fixed monthly distribution and narrow the discount between market price and net asset value of common shares.
The Fund focuses on generating high current income and capital appreciation by investing globally in debt and equity securities, including closed-end funds, SPACs, reinsurance, and various debt instruments. The Fund may utilize derivatives and can invest up to 15% of total assets in private funds. If sufficient investment income is unavailable monthly, the Fund will distribute long-term capital gains or return capital to maintain its distribution rate.
Saba Capital Income & Opportunities Fund II has announced its monthly distribution details for April 30, 2025. The Fund will distribute $0.058 per share, with 83.84% ($0.04863) coming from net investment income and 16.16% ($0.00937) from return of capital.
The Fund's fiscal year-to-date distributions show 37.72% from net investment income and 62.28% from return of capital. Performance metrics reveal a 2.03% average annual total return over the 5-year period, with a current annualized distribution rate of 7.50%.
Notable changes include Saba Capital Management replacing Franklin Templeton Advisers as investment adviser from January 1, 2024. The Fund maintains a managed distribution plan at $0.058 per share monthly, investing globally in debt and equity securities, closed-end funds, SPACs, and reinsurance instruments.
Saba Capital Income & Opportunities Fund II (NYSE: SABA) has declared a monthly dividend of $0.058 per share, payable on April 30, 2025, to shareholders of record as of April 9, 2025. The distribution is part of the Fund's Managed Distribution Plan, which aims to provide a fixed monthly distribution and narrow the discount between market price and net asset value.
The Fund invests globally in debt and equity securities, including closed-end funds, SPACs, reinsurance, and various debt instruments. It may also use derivatives and invest up to 15% in private funds. If sufficient investment income isn't available monthly, the Fund will distribute long-term capital gains or return of capital to maintain its rate.
Saba Capital Income & Opportunities Fund II (NYSE: SABA) has announced its monthly distribution details for March 31, 2025, in accordance with Section 19(a) of the Investment Company Act of 1940. The Fund implements a managed distribution plan with fixed monthly payments of $0.058 per share.
As of January 1, 2024, Saba Capital Management, L.P. replaced Franklin Templeton Advisers as the Fund's investment adviser. The Fund's primary objective is to provide high current income, with capital appreciation as a secondary goal. It achieves this through global investments in debt and equity securities, including closed-end funds, SPACs, reinsurance, and various debt instruments.
The Fund notes that it has likely distributed more than its income and realized capital gains, meaning some distributions may represent a return of capital. Shareholders will receive detailed tax reporting through Form 1099-DIV for the calendar year, with final determinations made after December 31, 2025.
Saba Capital Income & Opportunities Fund II (NYSE: SABA) has declared a monthly dividend of $0.058 per share on February 28, 2025, payable on March 31, 2025 to shareholders of record as of March 11, 2025.
The distribution is part of the Fund's Managed Distribution Plan, which aims to provide shareholders with a fixed monthly rate and narrow the discount between market price and net asset value. If investment income is insufficient, the Fund may distribute long-term capital gains or return capital to maintain the rate.
The Fund focuses on generating high current income and capital appreciation by investing globally in debt and equity securities, including closed-end funds, SPACs, reinsurance, and various debt instruments. The Fund can invest up to 15% of total assets in private funds and utilizes derivatives for enhanced returns and risk management.