Saba Capital Income & Opportunities Fund II (SABA) to Issue Monthly Dividend of $0.06 on January 30th

Saba Capital Income & Opportunities Fund II (NYSE:SABA) declared a monthly dividend on Friday, January 2nd. Stockholders of record on Monday, January 12th will be given a dividend of 0.058 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date of this dividend is Monday, January 12th.

Saba Capital Income & Opportunities Fund II Price Performance

Shares of SABA opened at $8.29 on Friday. Saba Capital Income & Opportunities Fund II has a 1 year low of $7.72 and a 1 year high of $9.46. The company’s 50 day simple moving average is $8.65 and its 200 day simple moving average is $8.99.

Institutional Trading of Saba Capital Income & Opportunities Fund II

A number of hedge funds have recently added to or reduced their stakes in SABA. Thomas J. Herzfeld Advisors Inc. boosted its position in Saba Capital Income & Opportunities Fund II by 2.9% during the 2nd quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,750,772 shares of the company’s stock worth $16,090,000 after purchasing an additional 49,562 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Saba Capital Income & Opportunities Fund II by 2.6% during the third quarter. Envestnet Asset Management Inc. now owns 955,510 shares of the company’s stock worth $8,714,000 after purchasing an additional 24,034 shares in the last quarter. Shaker Financial Services LLC lifted its stake in shares of Saba Capital Income & Opportunities Fund II by 55.2% during the third quarter. Shaker Financial Services LLC now owns 448,104 shares of the company’s stock worth $4,087,000 after purchasing an additional 159,291 shares in the last quarter. Scotia Capital Inc. boosted its position in shares of Saba Capital Income & Opportunities Fund II by 17.8% in the third quarter. Scotia Capital Inc. now owns 428,883 shares of the company’s stock worth $3,911,000 after buying an additional 64,711 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Saba Capital Income & Opportunities Fund II by 3.6% in the third quarter. Invesco Ltd. now owns 403,521 shares of the company’s stock valued at $3,680,000 after buying an additional 14,138 shares in the last quarter. 22.22% of the stock is owned by institutional investors and hedge funds.

About Saba Capital Income & Opportunities Fund II

Saba Capital Income & Opportunities Fund II is a closed-ended fixed income mutual fund launched and managed by Saba Capital Management, L.P. The fund invests in fixed income markets across the globe. It primarily invests in government bonds. The fund is actively managed. It benchmarks the performance of its portfolio against the J.P. Morgan Global Government Bond Index. Saba Capital Income & Opportunities Fund II was formed on March 17, 1988 and is domiciled in the United States.