SABA Declares Special Dividend of $0.10 Per Share
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Source: Businesswire
- Special Dividend Announcement: Saba Capital Income & Opportunities Fund II declared a special dividend of $0.10 per share, payable on January 16, 2026, to meet certain tax requirements for income generated in 2025, thereby enhancing shareholder confidence.
- Managed Distribution Plan: Under the current managed distribution plan, the Fund will distribute a fixed amount of $0.058 per share monthly, ensuring shareholders receive a stable cash flow, although special dividends are not included in this plan, reflecting the Fund's commitment to ongoing returns.
- Tax Compliance: In compliance with Rule 19a-1 of the Investment Company Act of 1940, shareholders will receive notices detailing the sources of the special dividend, ensuring transparency and aiding in tax reporting, which enhances the Fund's compliance and credibility.
- Investment Risk Advisory: The Fund invests in high-yield securities and derivatives, which may involve liquidity risks and market volatility, prompting investors to carefully assess their investment objectives and risks to ensure reasonable expectations for future returns.
SABA
$8.47+Infinity%1D
Analyst Views on SABA
Wall Street analysts forecast SABA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SABA is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About SABA
Saba Capital Income & Opportunities Fund II (the Fund), formerly Templeton Global Income Fund, is a closed-end management investment company. The Fund seeks to provide investors with a high level of current income, with a secondary goal of capital appreciation. The Fund invests globally in debt and equity securities of public and private companies, which includes, among other things, investments in closed-end funds, special purpose acquisition companies (SPACs), reinsurance, and public and private debt instruments. The Fund also may utilize derivatives, including total return swaps, credit default swaps, options and futures, in seeking to enhance returns and/or to reduce portfolio risk. The Fund may also invest up to 15% of its total assets in private funds on a discretionary basis. The Fund’s manager is Saba Capital Management, LP.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
