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Saba Capital Income & Opportunities Fund ( (BRW) ) has provided an update.
Saba Capital Income & Opportunities Fund and Saba Capital Income & Opportunities Fund II, both NYSE-listed closed-end funds, have decided not to move forward with their previously approved reorganization. The boards of each fund acted on management’s recommendation, citing current market conditions as the key factor behind terminating the combination plan, while confirming that the previously authorized share repurchase programs for both vehicles will remain in place.
More about Saba Capital Income & Opportunities Fund
Saba Capital Income & Opportunities Fund and Saba Capital Income & Opportunities Fund II are closed-end investment funds listed on the NYSE under the tickers BRW and SABA, respectively. They operate in the asset management industry, focusing on income-generating and opportunistic investment strategies for shareholders in public markets.
Average Trading Volume: 295,973
See more data about BRW stock on TipRanks’ Stock Analysis page.