Landscape Capital Management L.L.C. Has $279,000 Stake in Saba Capital Income & Opportunities Fund II $SABA

Key Points

• Landscape Capital Management L.L.C. reduced its shareholding in Saba Capital Income & Opportunities Fund II by 69.9%, bringing its ownership to approximately 32,015 shares valued at $279,000.
• Other institutional investors, including Raymond James Financial Inc. and K2 Principal Fund L.P., have initiated or increased their positions in Saba Capital Income & Opportunities Fund II, indicating growing interest in the fund.
• The fund has declared a dividend of $0.058 per share, reflecting a remarkable dividend yield of 740.0%.

Landscape Capital Management L.L.C. lessened its stake in Saba Capital Income & Opportunities Fund II (NYSE:SABA - Free Report) by 69.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,015 shares of the company's stock after selling 74,295 shares during the quarter. Landscape Capital Management L.L.C. owned approximately 0.10% of Saba Capital Income & Opportunities Fund II worth $279,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Thomas J. Herzfeld Advisors Inc. raised its stake in shares of Saba Capital Income & Opportunities Fund II by 18.4% in the 1st quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,701,210 shares of the company's stock valued at $14,801,000 after purchasing an additional 264,620 shares in the last quarter. Kovitz Investment Group Partners LLC raised its stake in shares of Saba Capital Income & Opportunities Fund II by 17.7% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 891,607 shares of the company's stock valued at $7,846,000 after purchasing an additional 134,310 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Saba Capital Income & Opportunities Fund II by 27.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 889,377 shares of the company's stock valued at $7,738,000 after purchasing an additional 190,886 shares in the last quarter. Scotia Capital Inc. raised its stake in shares of Saba Capital Income & Opportunities Fund II by 19.1% in the 1st quarter. Scotia Capital Inc. now owns 274,595 shares of the company's stock valued at $2,389,000 after purchasing an additional 44,116 shares in the last quarter. Finally, Shaker Financial Services LLC raised its stake in shares of Saba Capital Income & Opportunities Fund II by 41.0% in the 1st quarter. Shaker Financial Services LLC now owns 252,519 shares of the company's stock valued at $2,197,000 after purchasing an additional 73,410 shares in the last quarter. Institutional investors and hedge funds own 22.22% of the company's stock.

Saba Capital Income & Opportunities Fund II Price Performance

SABA remained flat at $9.27 on Friday. 53,732 shares of the company traded hands, compared to its average volume of 59,698. The company's fifty day simple moving average is $9.26 and its two-hundred day simple moving average is $8.90. Saba Capital Income & Opportunities Fund II has a 52-week low of $7.72 and a 52-week high of $9.46.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be paid a $0.058 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a c) annualized dividend and a dividend yield of 7.5%.

About Saba Capital Income & Opportunities Fund II

Saba Capital Income & Opportunities Fund II is a closed-ended fixed income mutual fund launched and managed by Saba Capital Management, L.P. The fund invests in fixed income markets across the globe. It primarily invests in government bonds. The fund is actively managed. It benchmarks the performance of its portfolio against the J.P.