Saba Capital Fund Declares Monthly Dividend of $0.058 per Share

Saba Capital Fund Declares Monthly Dividend

Saba Capital Income & Opportunities Fund II (NYSE: SABA), a registered closed-end investment company, proudly announced a monthly dividend of $0.058 per share. This distribution is designed to benefit shareholders and underscores the Fund's commitment to providing income to its investors.

Understanding the Managed Distribution Plan

The recently declared dividend is in line with the Fund’s effective managed distribution plan. This plan is structured to deliver monthly distributions at a consistent rate. The aim is to foster stability and predictability for shareholders by providing a fixed monthly distribution. However, special dividends are not included in this fixed amount.

How the Fund Maintains Its Distribution Rate

To support the managed distribution rate, the Fund may distribute long-term capital gains and return portions of capital, especially when monthly investment income is insufficient. This approach allows the Fund to maintain its attractive distribution levels even in varied market conditions.

Shareholders' Tax Considerations

In adherence to regulatory requirements, shareholders will receive notifications detailing the sources of income for the declared dividend. These sources may include net investment income, capital gains from securities sales, and returned capital. Each investor’s tax situation can differ, so consulting with a tax advisor for personal advice regarding the treatment of these distributions may be beneficial.

Investment Risks and Considerations

Investing in the Fund does involve certain risks. The value of investments can fluctuate, and there is no guarantee that the Fund will achieve its objectives. Investors are encouraged to understand the nature of the investments held by the Fund, including those in debt and equity securities globally, including closed-end funds and SPACs.

Investment Objectives of the Fund

The primary goal of the Fund is to deliver high current income, complemented by the potential for capital appreciation. This dual approach is designed to provide attractive returns to investors while managing risks associated with various investment instruments, including high-yield securities and derivatives.

The Role of Capital Markets

Market fluctuations can significantly impact the Fund’s performance, particularly when investing in equity securities. Investors should be aware that losses could occur if the market moves against their investments, and careful risk management strategies are essential to navigate these risks.

About Saba Capital Income & Opportunities Fund II

Saba Capital Income & Opportunities Fund II operates under the ticker symbol “SABA.” It is managed by Saba Capital Management, L.P., a reputable firm in the investment management space focusing on strategic investment objectives.

Future Outlook

While past performances do not guarantee future results, the Fund’s aim is to adapt to market conditions and maintain a competitive edge in investment strategies. Regular communication regarding the Fund's performance and adjustments to the distribution plan will keep shareholders well-informed.

Frequently Asked Questions

What is the amount of the monthly dividend declared by SABA?

The monthly dividend declared by Saba Capital Income & Opportunities Fund II is $0.058 per share.

How often does SABA distribute dividends?

Saba Capital makes its distributions on a monthly basis in accordance with its managed distribution plan.

What should shareholders consider regarding tax implications?

Shareholders should refer to their Form 1099-DIV to understand the character and amount of their distributions for tax reporting, and it may be advisable to consult with a tax advisor.

What is SABA's primary investment objective?

The Fund aims to provide high current income along with potential capital appreciation for its investors.

What factors affect SABA's market performance?

The performance of SABA's investments can be influenced by market conditions, interest rates, and specific performance of the securities it holds.

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