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NEW YORK - Saba Capital Income & Opportunities Fund II (NYSE:SABA) announced Monday a monthly dividend of $0.058 per share, payable on July 31, 2025, to shareholders of record as of July 9, 2025.
The distribution is part of the Fund’s managed distribution plan, which aims to provide shareholders with consistent monthly payments. Under this plan, the Fund distributes a fixed amount per share regardless of investment income availability, potentially drawing from long-term capital gains or return of capital when necessary. Notably, InvestingPro data shows the Fund has maintained dividend payments for 15 consecutive years.
The Fund, a closed-end management investment company listed on the New York Stock Exchange, pursues high current income as its primary objective, with capital appreciation as a secondary goal. Currently trading near its 52-week high of $9.43, the Fund maintains a "GOOD" financial health score and has been profitable over the last twelve months, according to InvestingPro. Its investment strategy includes global debt and equity securities across various sectors including closed-end funds, special purpose acquisition companies (SPACs), reinsurance, and public and private debt instruments.
The Fund’s Board of Trustees reviews the plan periodically and maintains the authority to amend or terminate it without prior notice to shareholders. The actual sources of distribution will be detailed in notices to shareholders in compliance with regulatory requirements.
The announcement, made via press release, noted that determination of the actual source of dividends can only be made at year-end, and shareholders should consult their Form 1099-DIV for tax reporting purposes.
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