Oracle stock falls after report reveals thin margins in AI cloud business
NEW YORK - Saba Capital Income & Opportunities Fund (NYSE:BRW) declared a monthly dividend of $0.085 per share on Tuesday, according to a press release statement from the company. The dividend is payable on October 31, 2025, to shareholders of record as of October 9, 2025.
The distribution is part of the Fund’s managed distribution plan, which aims to provide shareholders with a fixed monthly payment. Under this plan, if sufficient investment income is not available in a given month, the Fund will distribute long-term capital gains or return of capital to maintain the set distribution rate. With a P/E ratio of 7.03 and profitability maintained over the last twelve months, InvestingPro analysis reveals the Fund’s strong financial position.
The Fund, a registered closed-end management investment company listed on the New York Stock Exchange with a market capitalization of $330.45 million, seeks to provide investors with high current income and, secondarily, capital appreciation. It pursues these objectives by investing globally in 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 maintains a strong financial health score of 3.24 out of 5 on InvestingPro, indicating robust operational performance.
The Board of Trustees may amend or terminate the plan at any time without prior notice to shareholders. In compliance with regulatory requirements, shareholders will receive a notice detailing the source of income for the dividend, though final determination of the actual sources can only be made at year-end.
The Fund is managed by Saba Capital Management, L.P. and trades on the New York Stock Exchange under the ticker symbol BRW.
In other recent news, Saba Capital Income & Opportunities Fund has declared a monthly dividend of $0.085 per share. This announcement was made through a press release and is part of the Fund’s managed distribution plan. The dividend is scheduled to be payable on July 31, 2025, for shareholders who are on record as of July 9, 2025. The managed distribution plan is designed to provide shareholders with a consistent monthly payment. Additionally, this plan aims to narrow the discount between the market price and the net asset value of the Fund’s common shares. These developments are part of the Fund’s ongoing efforts to enhance shareholder value.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.