Saba Capital declares $0.058 monthly dividend under managed distribution plan.

• SABA Capital Income & Opportunities Fund II declares a $0.058 monthly dividend. • Dividend payable on February 28, 2025 to shareholders of record by February 11, 2025. • The distribution is in accordance with the Fund's managed distribution plan. • The Fund will make monthly distributions of $0.058 per share under the plan. • The plan excludes special dividends and is intended to satisfy excise tax rules and Subchapter M of the Internal Revenue Code.

Saba Capital Income & Opportunities Fund II (SABA), a prominent closed-end fund listed on the New York Stock Exchange, recently announced its latest monthly dividend of $0.058 per share [1]. This dividend, payable on February 28, 2025, to shareholders of record by February 11, 2025, marks the continuation of the fund's managed distribution plan.

The managed distribution plan, in place since December 31, 2024, dictates that SABA will distribute a fixed amount of $0.058 per share monthly to its shareholders [1]. This amount, which excludes special dividends, is designed to satisfy excise tax rules and Subchapter M of the Internal Revenue Code [1].

SABA's board of trustees may adjust or terminate the plan at any time without prior notice to shareholders [1]. The fund's distribution rate is subject to periodic review, with the board conducting a yearly review of the annual minimum fixed rate to determine if an adjustment should be made [1].

In the past, SABA has distributed various sources of income to its shareholders, including net investment income, gains from the sale of securities, and return of principal [1]. However, the fund's distribution amount should not be used as a sole indicator of its investment performance [1].

The managed distribution plan aims to provide shareholders with a constant, but not guaranteed, fixed minimum rate of distribution each month [1]. While this may help narrow the discount between the market price and the net asset value of SABA's common shares, there is no assurance that the plan will be successful in doing so [1].

Sources:
[1] Saba Capital Income & Opportunities Fund II Declares Monthly Dividend. MarketScreener. December 31, 2024. https://www.marketscreener.com/quote/stock/SABA-CAPITAL-INCOME-OPPOR-111319083/news/SABA-Announces-0-058-Dividend-48674677/