Saba Capital Income & Opportunities Fund II (SABA)

Saba Capital Income & Opportunities Fund II is a closed-end fund managed by Saba Capital Management, a New York-based investment firm founded by Boaz Weinstein that is known for activist investing in closed-end funds and credit strategies.

The fund seeks high current income and capital appreciation. Its strategy includes buying shares of other closed-end funds that trade at discounts to net asset value, often while engaging with their boards to narrow those discounts, along with investments in credit instruments, special purpose acquisition companies, and other opportunistic positions. It may use hedging techniques to manage market exposure.