Saba Fund II Announces $0.058 Distribution, 100% Net Investment Income
Saba Capital Income & Opportunities Fund II estimates its March 31 distribution of $0.058 per share is 100% net investment income, with fiscal YTD distributions through February 2026 totaling $0.332 per share (100% net investment income). The fund’s five-year NAV return is 4.44% and its annualized distribution rate is 10.95%, with cumulative NAV return down 0.58%.
1. March Distribution Composition
The fund estimates its $0.058 per share distribution on March 31, 2026 stems entirely from net investment income, with no realized short-term or long-term capital gains or return of capital components.
2. Fiscal Year-to-Date Distribution Breakdown
Through February 28, 2026, the fund has distributed $0.332 per share, also entirely from net investment income according to Section 19(a) estimates, while cautioning that portions may be return of capital until final year-end determination.
3. Performance Metrics and Adviser Change
For the five-year period ended February 28, 2026, the fund’s NAV-based average annual total return was 4.44%, its annualized distribution rate reached 10.95% of NAV, cumulative NAV return stood at -0.58%, and Saba Capital Management became adviser on January 1, 2024.
4. Tax Reporting and Future Determinations
These distribution source figures are estimates not intended for tax reporting; actual characterizations will be finalized after December 31, 2026 on Form 1099-DIV, and shareholders are encouraged to consult tax advisors for proper treatment.