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NEW YORK - Saba Capital Income & Opportunities Fund (NYSE:BRW) announced on Monday a monthly dividend of $0.085 per share, according to a press release statement. The dividend is payable on July 31, 2025, to shareholders of record as of July 9, 2025.
The distribution was declared under the Fund’s managed distribution plan, which aims to provide shareholders with a fixed monthly payment. The plan is designed to narrow the discount between the market price and net asset value of the Fund’s common shares. Currently trading at $8.06, the Fund is near its 52-week high of $8.11, demonstrating strong market performance with a 30.7% total return over the past year.
When sufficient investment income is not available monthly, the Fund will distribute long-term capital gains or return of capital to maintain its distribution rate. As a result, capital gains or return of capital may constitute a material portion of distributions.
The Fund, listed on the New York Stock Exchange with a market capitalization of $342.79 million, pursues a primary objective of providing investors with high current income and a secondary goal of capital appreciation. It invests globally in debt and equity securities of public and private companies, including closed-end funds, special purpose acquisition companies (SPACs), reinsurance, and various debt instruments. The Fund has demonstrated strong financial performance, with revenue growth of 60.64% in the last twelve months. For more detailed financial metrics and analysis, consider subscribing to InvestingPro, which offers additional insights and investment tools.
The Fund may also utilize derivatives such as total return swaps, credit default swaps, options, and futures to enhance returns or reduce portfolio risk. Additionally, it may invest up to 15% of its total assets in private funds.
Saba Capital Management, L.P. serves as the investment manager for the Fund, which trades under the ticker symbol BRW.
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