Saba宣布更新1对2反向股票分割

2024-06-07 05:06

Saba Capital Income & Opportunities Fund II (NYSE:SABA) announced an update on the 1-for-2 reverse stock split of the Fund’s common shares that was approved by its Board of Trustees.
The reverse split is expected to become effective immediately after the close of trading on the NYSE on June 21, and the fund’s common shares are expected to begin trading on the NYSE on a reverse split-adjusted basis at the open of trading on June 24, 2024.
The fund’s common shares will continue to trade on the NYSE under the symbol “SABA,” following the Reverse Split.
The Fund has also adopted an updated managed distribution plan.
In connection with the reverse split, the Fund’s fixed monthly distribution will be adjusted from $0.029 per share to $0.058 per share, beginning with the first distribution to be declared following the Effective Date of the Reverse Split. Such adjustment to the Fund’s fixed monthly distribution will result in no change in monthly cash flow to shareholders.
Source: Press Release

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