# Saba Capital Income & Opportunities Fund II Board Renews Buyback of Up to 10% of Shares

> Saba Capital Income & Opportunities Fund II renewed a repurchase authorization covering up to 10% of its common shares through the fiscal year ending October 31, 2027.

- Published: 2026-11-02T23:19:33+00:00
- Section: Dividends & Buybacks
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-02/saba-capital-fund-ii-buyback-renewal
- Source: [Business Wire](https://www.businesswire.com/news/home/20261102820678/en/)

## Key takeaways

- Saba Capital Income & Opportunities Fund II's board renewed a repurchase authorization for up to 10% of total common shares in the fiscal year ending October 31, 2027.
- The fund said the program is intended to lift net asset value and narrow its discount to NAV.
- Repurchases would occur on a national securities exchange at prevailing market prices, with timing and quantity left to the investment adviser.

[Saba Capital Income & Opportunities Fund](https://akta.pro/company-profiles/002e1bn/saba-capital-income-opportunities-fund) II's board renewed an authorization for the fund to repurchase up to 10% of its total common shares in the fiscal year ending October 31, 2027. [Business Wire](https://www.businesswire.com/news/home/20261102820678/en/) published the announcement on November 2, 2026.

## Saba Fund II's Renewed Repurchase Authorization

Saba Capital Income & Opportunities Fund II is a registered closed-end management investment company listed on the New York Stock Exchange under the ticker SABA and managed by Saba Capital Management, L.P. The fund invests globally in debt and equity securities of public and private companies, including closed-end funds, SPACs, reinsurance and public and private debt instruments.

The fund said the repurchase program is intended to increase its net asset value to the benefit of all shareholders and to help create further value by reducing its discount to NAV. Purchases may be made through open-market transactions at the investment adviser's discretion. In exercising that discretion, the adviser will weigh timing, the quantity of repurchases, the level of the discount, fund performance, portfolio holdings, dividend history and objectives, market conditions, cash on hand, the availability of other attractive investments, and whether selling certain portfolio securities would be undesirable because of liquidity concerns or possible adverse tax consequences.

Any repurchases would be made on a national securities exchange at the prevailing market price, subject to exchange requirements and federal securities laws and rules that restrict repurchases. The fund stated that there is no assurance that its market price, either absolutely or relative to net asset value, will increase as a result of any repurchases, or that the program will enhance shareholder value.

## Saba Capital Fund's Merger and Distribution Record

According to akta.pro [company records](https://akta.pro/company-data), the boards of trustees approved in principle in February 2026 the merger of Saba Capital Income & Opportunities Fund II into sister fund Saba Capital Income & Opportunities Fund (BRW), intended to create a larger fund with greater investment scale and potentially increased trading volume. The same records show Saba Capital Income & Opportunities Fund raised approximately $78.6 million in a rights offering in October 2025, issuing over 10.8 million shares at $7.26 per share.

## Distributions and Merger Steps Before the Renewal

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. Stock Titan reported that the fund notified shareholders of a September 30, 2026 distribution estimated at $0.058 per share, fully from net investment income. On August 20, 2026, the boards of trustees of Saba Capital Income & Opportunities Fund (BRW) and Saba Capital Income & Opportunities Fund II reapproved a proposal to merge the two funds, with SABA combining into BRW, Stock Titan reported.

## What Comes Next for the Saba Funds

Seeking Alpha reported that the two funds reapproved their merger with a target of closing in the fourth quarter of 2026.

## Companies in this story

- [Saba Capital Income & Opportunities Fund company profile](https://akta.pro/company-profiles/002e1bn/saba-capital-income-opportunities-fund) · website: https://www.sabacef.com

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