Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) Announces $0.09 Monthly Dividend

Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) declared a monthly dividend on Friday, January 2nd. Investors of record on Monday, January 12th will be paid a dividend of 0.085 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 14.5%. The ex-dividend date is Monday, January 12th.

Saba Capital Income & Opportunities Fund Trading Up 0.3%

NYSEARCA:BRW traded up $0.02 during mid-day trading on Friday, hitting $7.03. 256,868 shares of the company’s stock were exchanged, compared to its average volume of 248,262. Saba Capital Income & Opportunities Fund has a one year low of $6.91 and a one year high of $8.49. The business has a fifty day moving average price of $7.16 and a 200 day moving average price of $7.74.

Institutional Trading of Saba Capital Income & Opportunities Fund

Several institutional investors have recently bought and sold shares of the company. Newbridge Financial Services Group Inc. purchased a new stake in Saba Capital Income & Opportunities Fund during the second quarter valued at $46,000. Perennial Advisors LLC purchased a new stake in shares of Saba Capital Income & Opportunities Fund during the 3rd quarter valued at about $78,000. Maridea Wealth Management LLC bought a new position in shares of Saba Capital Income & Opportunities Fund in the 3rd quarter worth approximately $86,000. Captrust Financial Advisors boosted its holdings in shares of Saba Capital Income & Opportunities Fund by 21.5% in the second quarter. Captrust Financial Advisors now owns 16,712 shares of the company’s stock worth $135,000 after buying an additional 2,956 shares during the last quarter. Finally, Apollon Wealth Management LLC purchased a new position in shares of Saba Capital Income & Opportunities Fund in the third quarter worth approximately $136,000.

About Saba Capital Income & Opportunities Fund

Saba Capital Income & Opportunities Fund is a closed-ended fixed income mutual fund launched by Voya Investment Management LLC. The fund is managed by Saba Capital Management, L.P. It invests in the fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors. It primarily invests in floating rate secured senior loans, with an emphasis on top-tier, non-investment grade senior loans. The fund seeks to invest in loans with maturities of one to ten years.