Saba Capital Income & Opportunities Fund II Adds $0.155 Special Payout to Monthly Distribution

Saba Capital Income & Opportunities Fund II declared a $0.155 per share special dividend, payable October 30, 2026 to holders of record on October 29, 2026, TradingView reported. The one-time cash distribution is in addition to the fund's $0.058 monthly managed distribution and comes from prior-year carryover income.

How the Saba Fund II Special Payout Works

The special dividend is a discrete payout within the fund's ongoing managed distribution plan. The record date of October 29, 2026 sets the ex-dividend timing for trading around the payout, and the October 30, 2026 payable date follows one day later.

The $0.058 monthly managed distribution continues alongside the special. The fund said the special is drawn from prior-year carryover income, which the announcement ties to distribution timing rather than a change in the monthly run rate.

Saba Capital Income & Opportunities Fund II is a closed-end management investment company. Its sister fund, Saba Capital Income & Opportunities Fund (NYSE: BRW), is a non-diversified closed-end fund managed by Saba Capital Management, L.P. that invests globally in credit, equities, closed-end funds, SPACs and reinsurance, according to akta.pro company records.

Saba Fund II's Monthly Distribution Record

Company records show the fund's boards of trustees approved in principle in February 2026 a merger of Saba Capital Income & Opportunities Fund II into BRW, intended to create a larger fund with greater investment scale and potentially increased trading volume. The same records show that effective April 9, 2026 the fund moved shareholder services from SS&C Technologies, Inc. to Equiniti Trust Company, LLC, consolidating transfer agent and Dividend Reinvestment Plan administration under one provider.

Earlier Saba Fund II Distribution Notices

Saba Capital Income & Opportunities Fund II notified shareholders of its September 30, 2026 distribution, estimated at $0.058 per share and fully from net investment income, Stock Titan reported. The fund also notified shareholders of its August 31, 2026 distribution of $0.058 per share, fully funded by net investment income, Stock Titan reported.

On August 20, 2026, the boards of trustees for BRW and SABA reapproved a proposal to merge the two funds, with SABA combining into BRW, Stock Titan reported. Saba Capital Income & Opportunities Fund and Saba Capital Income & Opportunities Fund II reapproved their merger targeting a fourth-quarter 2026 close, Seeking Alpha reported on August 31, 2026.

What Comes Next for the Saba Merger

The reapproved merger of Saba Capital Income & Opportunities Fund II into BRW targets a close in the fourth quarter of 2026.