Saba Capital Income & Opportunities Fund II (SABA) To Go Ex-Dividend on May 8th

Saba Capital Income & Opportunities Fund II (NYSEARCA:SABA) announced a monthly dividend on Thursday, May 2nd, Wall Street Journal reports. Investors of record on Thursday, May 9th will be paid a dividend of 0.029 per share on Friday, May 31st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 8.99%. The ex-dividend date of this dividend is Wednesday, May 8th.

Saba Capital Income & Opportunities Fund II Stock Up 1.0 %

Shares of SABA stock opened at $3.87 on Monday. The stock’s 50-day moving average is $3.78. Saba Capital Income & Opportunities Fund II has a 1-year low of $3.64 and a 1-year high of $4.35.

Shares of Saba Capital Income & Opportunities Fund II are scheduled to reverse split on the morning of Monday, June 24th. The 1-2 reverse split was announced on Wednesday, May 1st. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, June 21st.

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.