Saba Capital Announces Name Change of the Saba Closed-End Funds ETF to Saba Opportunistically Hedged Closed-End Funds ETF

Fund’s Shares Will Continue to Trade on Cboe BZX Exchange Under the Ticker Symbol “CEFS”

Change Effective on August 19, 2026, Reflects Fund’s Longstanding Investment Practices

Saba Capital Management, L.P. (together with certain of its affiliates, “Saba” or “we”) today announced that, effective on August 19, 2026, the Saba Closed-End Funds ETF (Cboe BZX: CEFS) (the “Fund”) has changed its name to the “Saba Opportunistically Hedged Closed-End Funds ETF.” The Fund’s shares will continue to be listed on the Cboe BZX Exchange under the ticker symbol “CEFS.”

The Fund’s new name reflects its longstanding investment practices, including opportunistically hedging interest rate risk and broader portfolio market exposure.