Saba Capital Income & Opportunities Fund (BRW) and Saba Capital Income & Opportunities Fund II (SABA) Announce Reapproval of Merger
The Boards of Trustees of Saba Capital Income & Opportunities Fund (NYSE: BRW) and Saba Capital Income & Opportunities Fund II (NYSE: SABA) have reapproved a proposal to merge the funds. The proposed merger, if approved by shareholders, would combine SABA into BRW. The merger is intended to create a larger fund with greater investment scale and potentially increased trading volume on the exchange for common shares. The funds are currently targeting closing the proposed merger in the fourth quarter of 2026.
The terms of the proposed merger are substantially identical to the merger that had been previously approved, but which was paused. The merger is subject to customary closing conditions, including necessary shareholder approvals. Detailed information on the proposed merger will be contained in proxy materials expected to be filed with the Securities and Exchange Commission.
About Saba Capital Income & Opportunities Fund. Saba Capital Income & Opportunities Fund is a publicly-traded registered closed-end management investment company. The fund’s common shares trade on the New York Stock Exchange under the ticker symbol “BRW.” The fund is managed by Saba Capital Management, L.P.
