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Saba Capital Management, L.P., a significant stakeholder in Saba Capital Income & Opportunities Fund II (NYSE:SABA), recently reported selling shares worth $157,791, according to a filing with the Securities and Exchange Commission. The sales occurred over two days, with transactions on March 25 and March 26, 2025. The shares were sold at prices ranging between $8.79 and $8.82 per share.
Following these transactions, Saba Capital Management retains ownership of 2,940,181 shares in the fund. Boaz Weinstein, a key figure associated with Saba Capital, was also listed as a reporting owner in the filing. These sales reflect a strategic move by the firm, which remains a significant investor in the fund that boasts a notable 7.97% dividend yield and has maintained dividend payments for 15 consecutive years. InvestingPro subscribers can access additional insights and metrics about SABA’s financial health and growth prospects.
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