SABA
Saba Capital Income & Opportunities Fund II8.59
-0.03-0.35%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
241.68MP/E (TTM)
5.97Basic EPS (TTM)
1.44Dividend Yield
0.05%Recent Filings
8-K
Adviser transition to Saba
Templeton Global Income Fund announced on November 24, 2023, that Saba Capital Management will take over investment management from Franklin Advisers effective December 31, 2023. The board authorized liquidating the portfolio to cash equivalents beforehand, straying from the fund's objectives. Shareholders had approved this shift at an October 25 meeting, easing investment rules. Transition smooths the handover. Saba's activist push secured the change.
8-K
Fund concedes to Saba board control
Templeton Global Income Fund withdrew its litigation on February 13, 2023, against certifying the 2022 Annual Meeting results from June 6, allowing Saba Capital Management's nominees to join the board. This ends months of uncertainty, but at the cost of control shifting to Saba, who may alter the investment strategy. The Fund's three independent trustees resigned immediately upon certification. Non-Saba shareholders overwhelmingly backed the original slate.
8-K
Fund withdraws litigation, Saba gains control
Templeton Global Income Fund withdrew its litigation on February 13, 2023, against certifying the 2022 Annual Meeting results from June 6, allowing Saba Capital Management's nominees to join the board. This ends prolonged uncertainty but hands control to Saba, potentially altering investment strategy and management. The Fund's three independent trustees resigned immediately upon certification. Saba's tactics disenfranchised most shareholders.
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