Saba Capital Income & Opportunities Fund II
SABA
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Rupert Harris Johnson Jr.
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 405 Lexington Avenue New York City NY United States of America 10174
- IPO Date
- Mar 17, 1988
- CIK
- 0000828803
- Website
- sabacef.com
- Similar Companies
- Business
- Saba Capital Income & Opportunities Fund II (NYSE: SABA) is a registered closed-end management investment company that seeks high current income, with a secondary objective of capital appreciation, through global investments in debt and equity securities of public and private companies. The Fund, managed by Saba Capital Management, L.P., offers investors exposure to a diversified portfolio including closed-end funds; special purpose acquisition companies (SPACs); reinsurance sidecars; public and private debt instruments such as corporate bonds, government bonds, and leveraged loans; and opportunistic equity positions, while employing derivatives like total return swaps, credit default swaps, options, and futures to enhance returns and manage risk. Originally formed on March 17, 1988 as the Templeton Global Income Fund and headquartered at 405 Lexington Avenue, 58th Floor, New York, New York 10174, the Fund operates primarily in the asset management industry, targeting income-seeking institutional and retail investors across global fixed income and alternative markets. In a major strategic reorganization effective January 1, 2024, the Fund transitioned from Franklin Templeton Advisers, Inc. to Saba Capital Management, L.P. as its investment adviser, adopted its current name, and overhauled its investment program following shareholder approval on October 25, 2023. Key changes included approval of a new investment management agreement; reclassification of the investment objective as non-fundamental for greater flexibility; and elimination of the prior policy requiring at least 65% of assets in debt instruments across three countries, enabling broader opportunistic strategies in closed-end funds, SPACs, and private credit. The Fund underwent a 2-for-1 reverse stock split on June 21, 2024, and continues monthly distributions under a managed plan, with recent payouts such as the November 28, 2025 distribution including a return of capital component amid efforts to narrow the market price discount to net asset value. Saba Capital Management, L.P., the Fund's adviser and a global alternative asset manager founded in 2009, has periodically adjusted its holdings in the Fund, including share sales in 2024 and 2025 as part of portfolio management activities.