[144] Saba Capital Income & Opportunities Fund II SEC Filing

Rhea-AI Filing Summary

Saba Capital Income & Opportunities Fund II (SABA) filed a Form 144 notifying proposed sale of 254,128 common shares to be sold through multiple brokers on 09/05/2025 on the NYSE at an aggregate market value of $2,355,766.56. The shares represent holdings acquired in the open market on 01/22/2018 for cash. The filing lists 11 broker-dealers handling the sale and reports that the issuer has 27,716,010 shares outstanding. Recent related activity shows sales by Saba Capital Management, L.P. of 21,563 and 6,250 shares on 06/16/2025 and 06/17/2025 respectively.

Insights

Securities Analyst

TL;DR: Routine Form 144 disclosing a planned secondary sale of 254,128 shares, representing roughly 0.9% of outstanding shares.

The filing is a standard Rule 144 notice detailing planned disposition through multiple broker-dealers and confirming acquisition date and consideration. The disclosed aggregate market value of $2.36 million and the planned sale date are explicit; there are also two small sales in June 2025 noted. There is no financial performance, litigation, or forward guidance information provided, so investor impact is limited to potential short-term selling pressure depending on execution.

Compliance & Risk Analyst

TL;DR: Compliance-focused filing shows representation of no undisclosed material adverse information and provides required transaction provenance.

The statement includes the mandatory representation that the seller is unaware of any material undisclosed adverse information and documents that the shares were purchased in the open market for cash on 01/22/2018. Multiple broker-dealers are engaged, which is typical for block liquidation. The form contains the required recent-sales disclosure for June 16–17, 2025. From a regulatory perspective, the filing appears procedurally complete based on the information supplied.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Capital Markets 155 Seaport Boulevard Boston MA 02210	254128	2355766.56	27716010	09/05/2025	NYSE
Common	FBN Securities 120 Broadway New York NY 10271	254128	2355766.56	27716010	09/05/2025	NYSE
Common	Barclays Bank PLC One Churchill Place, Canary Wharf London X0 E14 5HP	254128	2355766.56	27716010	09/05/2025	NYSE
Common	BTIG, LLC 350 Bush Street San Francisco CA 94104	254128	2355766.56	27716010	09/05/2025	NYSE
Common	CIBC Capital Markets 1 Battery Pl #10 New York NY 10014	254128	2355766.56	27716010	09/05/2025	NYSE
Common	Goldman Sachs & Co 200 West Street New York NY 10282	254128	2355766.56	27716010	09/05/2025	NYSE
Common	Northern Trust Corporation 50 South La Salle Street Chicago IL 60603	254128	2355766.56	27716010	09/05/2025	NYSE
Common	Brown Brothers Harriman & Co. 140 Broadway New York NY 10005	254128	2355766.56	27716010	09/05/2025	NYSE
Common	TD Bank, N.A. 1701 Route 70 East Cherry Hill NJ 08003	254128	2355766.56	27716010	09/05/2025	NYSE
Common	The Bank of New York Mellon Corporation 240 Greenwich Street New York NY 10286	254128	2355766.56	27716010	09/05/2025	NYSE
Common	JP Morgan Chase Bank, N.A. 270 Park Avenue New York NY 10017	254128	2355766.56	27716010	09/05/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	01/22/2018	Shares purchase in the open market at prevailing market price	Various unaffiliated third party brokers			254128	01/22/2018	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Saba Capital Management, L.P. 405 Lexington Avenue, 58th Floor New York NY 10174	Common	06/16/2025	21563	194081.27
Saba Capital Management, L.P. 405 Lexington Avenue, 58th Floor New York NY 10174	Common	06/17/2025	6250	56322.50

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the SABA Form 144 disclose about the planned sale?

The filing discloses a proposed sale of 254,128 common shares on 09/05/2025 through multiple brokers on the NYSE with an aggregate market value of $2,355,766.56.

How many shares outstanding does the filing report for SABA?

The filing reports 27,716,010 shares outstanding.

When and how were the shares to be sold acquired?

The shares were acquired in the open market on 01/22/2018 and paid for in cash.

Which brokers are listed to handle the sale?

Eleven broker-dealers are listed, including Fidelity Capital Markets, Goldman Sachs, JP Morgan, Barclays, BNY Mellon, TD Bank, and others.

Did the filer sell any SABA shares recently?

Yes. The filing lists sales by Saba Capital Management, L.P. of 21,563 shares on 06/16/2025 for $194,081.27 and 6,250 shares on 06/17/2025 for $56,322.50.

Does the filing indicate any undisclosed material information?

By signing, the person represented they do not know of any material adverse information about the issuer that has not been publicly disclosed.