{"url":"https://newsforagent.com/news/2026-10-27/saba-capital-fund-ii-special-dividend","markdown_url":"https://newsforagent.com/news/2026-10-27/saba-capital-fund-ii-special-dividend.md","title":"Saba Capital Fund II Declares $0.155 Special Dividend","headline":"Saba Capital Income & Opportunities Fund II Adds $0.155 Special Payout to Monthly Distribution","description":"Saba Capital Income & Opportunities Fund II declared a $0.155 per share special dividend from prior-year carryover income.","section":"Dividends & Buybacks","published_at":"2026-10-27T19:09:33+00:00","modified_at":"2026-10-27T19:09:33+00:00","author":"News Desk","key_takeaways":["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.","The special payout comes from prior-year carryover income and is separate from the fund's $0.058 monthly managed distribution.","The fund's boards reapproved a merger under which SABA would combine into Saba Capital Income & Opportunities Fund (BRW), targeting a fourth-quarter 2026 close."],"companies":[{"name":"Saba Capital Income & Opportunities Fund","is_primary":true,"profile_url":"https://akta.pro/company-profiles/002e1bn/saba-capital-income-opportunities-fund","website":"https://www.sabacef.com"}],"source":{"publisher":"TradingView","title":"Saba Capital Income & Opportunities Fund II Declares $0.155 Special Dividend","url":"https://www.tradingview.com/news/tradingview:74746fe798d9c:0-saba-capital-income-opportunities-fund-ii-declares-0-155-special-dividend/"},"other_sources":[],"tags":["Dividends & Buybacks","Saba Capital Income & Opportunities Fund"],"body_markdown":"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](https://www.tradingview.com/news/tradingview:74746fe798d9c:0-saba-capital-income-opportunities-fund-ii-declares-0-155-special-dividend/) 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.\n\n## How the Saba Fund II Special Payout Works\n\nThe 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.\n\nThe $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.\n\nSaba Capital Income & Opportunities Fund II is a closed-end management investment company. Its sister fund, [Saba Capital Income & Opportunities Fund](https://akta.pro/company-profiles/002e1bn/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](https://akta.pro/company-data).\n\n## Saba Fund II's Monthly Distribution Record\n\nCompany 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.\n\n## Earlier Saba Fund II Distribution Notices\n\nSaba 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.\n\nOn 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.\n\n## What Comes Next for the Saba Merger\n\nThe reapproved merger of Saba Capital Income & Opportunities Fund II into BRW targets a close in the fourth quarter of 2026.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}