Landscape Capital Management L.L.C. Sells 74,295 Shares of 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. lowered its stake in shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA - Free Report) by 69.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,015 shares of the company's stock after selling 74,295 shares during the period. 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 Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its holdings in shares of Saba Capital Income & Opportunities Fund II by 27.3% during the first 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 during the period. Shaker Financial Services LLC raised its holdings 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 worth $2,197,000 after acquiring an additional 73,410 shares during the last quarter. Noble Wealth Management PBC raised its holdings in shares of Saba Capital Income & Opportunities Fund II by 290.4% in the 1st quarter. Noble Wealth Management PBC now owns 65,009 shares of the company's stock worth $566,000 after acquiring an additional 48,359 shares during the last quarter. Scotia Capital Inc. raised its holdings 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 worth $2,389,000 after acquiring an additional 44,116 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC raised its holdings 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 worth $7,846,000 after acquiring an additional 134,310 shares during the last quarter. Institutional investors and hedge funds own 22.22% of the company's stock.

Saba Capital Income & Opportunities Fund II Trading Down 0.6%

Shares of SABA traded down $0.06 on Thursday, reaching $9.29. The company's stock had a trading volume of 99,465 shares, compared to its average volume of 78,213. Saba Capital Income & Opportunities Fund II has a twelve month low of $7.72 and a twelve month high of $9.46. The firm has a fifty day moving average of $9.26 and a 200-day moving average of $8.90.

Saba Capital Income & Opportunities Fund II Dividend Announcement

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

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.