Saba Capital Income & Opportunities Fund II Announces Monthly Dividend of $0.06 (NYSE:SABA)

Saba Capital Income & Opportunities Fund II (NYSE:SABA) announced a monthly dividend on Tuesday, March 31st. Shareholders of record on Thursday, April 9th will be given a dividend of 0.058 per share on Thursday, April 30th. This represents a c) annualized dividend and a yield of 8.3%. The ex-dividend date is Thursday, April 9th.

Saba Capital Income & Opportunities Fund II Stock Performance

Saba Capital Income & Opportunities Fund II stock opened at $8.40 on Tuesday. The company has a 50-day simple moving average of $8.12 and a 200-day simple moving average of $8.49. Saba Capital Income & Opportunities Fund II has a one year low of $7.72 and a one year high of $9.46.

Hedge Funds Weigh In On Saba Capital Income & Opportunities Fund II

Several institutional investors have recently modified their holdings of the company. Flax Pond Capital LLC bought a new position in shares of Saba Capital Income & Opportunities Fund II during the fourth quarter worth about $2,331,000. Invesco Ltd. grew its position in shares of Saba Capital Income & Opportunities Fund II by 3.8% during the fourth quarter. Invesco Ltd. now owns 418,725 shares of the company’s stock worth $3,454,000 after acquiring an additional 15,204 shares during the last quarter. Almitas Capital LLC bought a new position in shares of Saba Capital Income & Opportunities Fund II during the fourth quarter worth about $529,000. Focus Partners Wealth bought a new position in shares of Saba Capital Income & Opportunities Fund II during the fourth quarter worth about $8,423,000. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Saba Capital Income & Opportunities Fund II during the fourth quarter worth about $116,000. Institutional investors own 22.22% of the company’s stock.

About Saba Capital Income & Opportunities Fund II

Saba Capital Income & Opportunities Fund II is a closed-ended fixed income mutual fund launched and managed by Saba Capital Management, L.P. The fund invests in fixed income markets across the globe. It primarily invests in government bonds. The fund is actively managed. It benchmarks the performance of its portfolio against the J.P. Morgan Global Government Bond Index. Saba Capital Income & Opportunities Fund II was formed on March 17, 1988 and is domiciled in the United States.