Corporate GovernanceJul 8, 2026, 05:02 PM
Saba Capital II to Hold Annual Meeting for Trustee Election
AI Summary
Saba Capital Income & Opportunities Fund II announced its Annual Meeting of Shareholders to be held on August 14, 2026, via audio teleconference. Shareholders will vote on the election of seven nominees to the Board of Trustees. The Board unanimously recommends voting "FOR" all its nominees, noting that a third-party nomination from GAMCO Asset Management Inc. has been withdrawn. The filing details the qualifications of the nominees and the compensation for Independent Trustees.
Key Highlights
- Annual Meeting of Shareholders scheduled for Friday, August 14, 2026, at 12:00 P.M. ET via audio teleconference.
- Shareholders will vote on the election of 7 nominees to the Board of Trustees.
- The record date for shareholders entitled to vote is July 6, 2026.
- The Board of Trustees unanimously recommends voting "FOR" the election of each of the 7 nominees.
- GAMCO Asset Management Inc. withdrew its nomination for a third-party nominee.
- Six nominees are Independent Trustees, and one is an Interested Trustee (Andrew Kellerman).
- Each Independent Trustee receives a $30,000 annual retainer fee, with Karen Caldwell receiving an additional $7,500 as Audit Committee Chairperson.
Price Impact