Saba Capital Income & Opportunities Fund, Saba Capital Income & Opportunities Fund II reapprove merger plan
BRW•Boards reapprove previously paused merger
- The boards of Saba Capital Income & Opportunities Fund (BRW) and Saba Capital Income & Opportunities Fund II (SABA) reapproved a previously paused merger.
- The transaction would fold SABA into BRW, creating a larger closed-end fund with greater investment scale.
- The deal also targets higher exchange trading volume for BRW common shares.
- Closing is targeted for the fourth quarter of 2026, subject to shareholder approval and other customary conditions.
