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

Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) declared a monthly dividend on Friday, May 29th. Investors of record on Tuesday, June 9th will be paid a dividend of 0.085 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 15.2%. The ex-dividend date is Tuesday, June 9th.

Saba Capital Income & Opportunities Fund Stock Down 1.0%

Shares of NYSEARCA BRW opened at $6.70 on Friday. The stock has a fifty day moving average price of $6.78 and a two-hundred day moving average price of $6.81. Saba Capital Income & Opportunities Fund has a 1 year low of $6.38 and a 1 year high of $8.49.

Saba Capital Income & Opportunities Fund Company Profile

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.