Saba Capital Income & Opportunities Fund Announces Public Offer End and Preliminary Results | Company

NEW YORK–(BUSINESS WIRE)–July 20, 2021–

Saba Capital Income & Opportunities Fund (NYSE: BRW) (the Fund) announced today the expiration and preliminary results of the Fund’s tender offer (the Tender Offer) for up to 30% of its outstanding common shares (the Shares). The Tender Offer took effect on June 21, 2021 and expired one minute after 11:59 PM Eastern Time on July 19, 2021.

Based on preliminary information, approximately 75,219,568 Shares have been correctly tendered. As the Tender Offer was oversubscribed, the relative number of Shares to be purchased from each shareholder will be calculated pro rata based on the number of Shares tendered correctly. The purchase price of the properly tendered and accepted Shares will be equal to 99% of the Fund’s net asset value per Share, as determined at the close of the regular trading session of the New York Stock Exchange on July 19, 2021 (the day on which the Tender Offer has expired).

Questions regarding the tender offer may be directed to Innisfree M&A Incorporated, the information agent for the tender offer, free of charge at:

Shareholders can call toll-free: (877) 825-8964

Banks and brokers can call collect: (212) 750-5833

Important announcement

This press release is for informational purposes only and does not constitute a recommendation, offer or solicitation to purchase common stock. The offer to purchase common shares of the Fund is made pursuant to an offer on Schedule TO. COMMON SHAREHOLDERS ARE URGENTLY INDICATED TO READ THE PUBLIC OFFERING MATERIALS, INCLUDING THE OFFER TO PURCHASE AND ANY REQUEST/RECOMMENDATION STATEMENT REGARDING THE OVERBIDDEN, SINCE THEY MAY BE GIVEN FROM TIME TO TIME TO BE TAKEN WITH REGARD TO THE OFFERING OF THEIR SHARES. Ordinary shareholders may obtain a free copy of all such statements and other documents filed with the SEC at the website maintained by the SEC at www.sec.gov or by addressing such requests to the Fund.

About Saba Capital Income & Opportunities Fund

Saba Capital Income & Opportunities Fund is a publicly traded, registered closed-end management investment company with an investment objective of providing investors with a high level of current income, with the secondary objective of capital appreciation. The Fund’s common shares are traded on the New York Stock Exchange under the ticker symbol BRW. The Fund is managed by Saba Capital Management, LP

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CONTACT: Investors

Leah Jordan

Investor Relations

[email protected]

212-542-4644

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK NEW

INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE

SOURCE: Saba Capital Income & Opportunities Fund

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PUB: 07/20/2021 8:30 AM/DISC: 07/20/2021 8:31 AM

http://www.businesswire.com/news/home/20210720005727/en

Copyright Business Wire 2021.