Saba Capital Income & ops Fund II

Blue Owl Capital II advises shareholders to reject SABA and Cox offer

Seven Mile Advisory Increased Holdings in Saba Capital Fund in Q3

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SABA

Saba Capital Income & Opportunities Fund II (NYSE:SABA) experienced a 212.9% increase in short interest in March, totaling 12,245 shares as of March 31. The stock traded down 1.1% to $8.37, with a short-interest ratio of 0.1 days. The firm declared a monthly dividend of $0.058 per share, payable on April 30. Institutional investors hold 22.22% of the stock, with several large investors recently acquiring stakes. SABA has a 12-month low of $7.85 and a high of $9.46.

Market Beat

Saba Capital Income & Opportunities Fund II (NYSE:SABA) Short Interest Up 212.9% in March

GAMI

GUT-C

The current activist situation in Closed-End Funds (CEFs) involves GAMCO Investors and Saba Capital Management, focusing on potential changes in fund discounts. GAMCO aims to place its Gabelli Utility Trust (GUT) vice-president on Saba's boards. GUT, yielding 10%, has shown strong returns but lags behind its benchmark. It trades at a high premium to NAV, posing risks for investors. The article suggests GUT is a sell due to its premium and underperformance, while questioning the effectiveness of GAMCO's activist strategy in improving Saba's fund discounts.

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Gabelli Global Utility & Income

ISHRS S&P Glb Utilities

Saba Capital Income & Opportunities Fund

Gabelli Utility Trust

VG Utilities

GAMCO Investors, Inc.

GABELLI UTILITY TRUST PFD CUM SER C USD25

How to Profit (and Grab Big Dividends) as Activists Shake Up CEFs

BRW.RT

Boaz Weinstein, an activist investor, is facing competition from another CEF investor targeting his funds to eliminate discounts to net asset value (NAV). Saba Capital Management, Weinstein's firm, has shifted focus from CEFs to private-credit funds, while GAMCO Investors, led by Mario Gabelli, aims to boost the valuations of Saba's underperforming funds by nominating a board member. This rivalry highlights the dynamics within the CEF market, where activists can turn against each other to enhance fund performance and investor returns.

This Activist Battle Could Flip These 8.6%+ Payers to a Buy

OBDC

Blue Owl Capital II advises shareholders to reject the offers from SABA and Cox

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Pro Gbl Listed Pvt

Blue Owl Capital

Seven Mile Advisory has acquired a new position in Saba Capital Income & Opportunities Fund II (NYSE:SABA), purchasing 243,632 shares valued at approximately $2.22 million during Q3. Other institutional investors have also increased their stakes in the fund. Saba Capital Income & Opportunities Fund II recently announced a monthly dividend of $0.058 per share, with an annualized yield of 8.5%. The stock is currently trading at $8.17, with a 12-month range of $7.72 to $9.46.

Seven Mile Advisory Buys New Position in Saba Capital Income & Opportunities Fund II $SABA

Blue Owl Capital Corporation II has received an unsolicited minority tender offer from Cox Capital Partners and Saba Capital Management for up to 8 million shares at a price over 30% below net asset value (NAV). The Board will review the offer, emphasizing that shareholders are not required to take action. OBDC II plans to return 50% or more of its net assets to shareholders by 2026, including a 30% capital distribution. The company maintains a strong liquidity position and has consistently outperformed leveraged loan indices.

StockTitan

Blue Owl Capital Corporation II Confirms Receipt of Unsolicited Minority Tender Offer from Cox and Saba at Discount to NAV | OWL Stock News

EDIN

American hedge fund Saba Capital, led by Boaz Weinstein, has relaunched its campaign against the Edinburgh Worldwide Investment Trust (Ewit) after a recent shareholder meeting where its proposals were largely rejected. Weinstein criticized the current board for underperformance and proposed appointing three independent directors to enhance governance. Saba, which holds 30% of Ewit shares, previously faced a 93% rejection of its proposals by shareholders. Weinstein's concerns include the trust's decision to sell its stake in Space X before its valuation soared, highlighting potential lost opportunities for investors. The Ewit board has attempted to engage with Saba but claims the hedge fund has not responded.

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Edinburgh Worldwide Investment Trust

Edinburgh Investment Trust PLC

American hedge fund relaunches campaign against Scottish investment trust

Saba Capital Income & ops Fund II(SABA.US)

Saba Capital Income & Opportunities Fund II (NYSE:SABA) Short Interest Up 212.9% in March

How to Profit (and Grab Big Dividends) as Activists Shake Up CEFs

This Activist Battle Could Flip These 8.6%+ Payers to a Buy

Blue Owl Capital II advises shareholders to reject the offers from SABA and Cox

Seven Mile Advisory Buys New Position in Saba Capital Income & Opportunities Fund II $SABA