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Saba Capital Income & Opportunities Fund (BRW)

NYSE - NYSE Delayed Price. Currency in USD
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7.82+0.05 (+0.64%)
As of 12:56PM EDT. Market open.
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  • R
    Robert
    This fund is consistent, pays 7% and loses 6% market value each year for a very safe 1% total return rate over many years! LoL
  • P
    Parviz
    Is this dividend legitimate or a bait? I will cautiously approach the hook!
  • r
    rohan
    How is Saba paying 8% dividends when the 2/2021 revenue shows -25,228 and must be similar 1/2022?
    Neutral
  • b
    buy
    anyone on the board hold brw for its capital appreciation potential. Comments appreciated.
  • b
    buy
    Looks like BRW is going to trade on recession risk(senior loan default risk), but bond yields up today. Very forward looking equity. It's going to be awhile till I can add to BRW, I think.
    Bullish
  • N
    Neil
    adjusted div for May should be .0904 after 2 for 1 split?
  • b
    buy
    Volume is so anemic recently compared to something similar like GAB, which I also own. I think it's due to the higher risk of recession downside with the senior loan default risk. Thoughts?
  • b
    buy
    how much up today and will it hold?
    Neutral
  • m
    maven
    There is a deal afoot whereby a hedge fund is trying to get their people elected to the board and tender for 40% of the stock at or near the net asset value, which is currently $4.45. The best action would be for Voya to sell everything and give the proceeds to us shareholders. It would be a quick small gain. This probably won't happen as Voya is not anxious to eliminate the yearly fees, so a 40% tender is better than nothing.
  • b
    buy
    The 5% return of capital was based on share and dividend prices over the last year with the new Saba management team. Check it out.
  • b
    buy
    Max se: I read the website and Annual Report as 40% spacs, not 60%. I don't know where you are getting your numbers.
    Bullish
  • b
    buy
    I calculate a 65% return of capital based on a $0.3783/share profit divided by $1.104/year/share dividend paid. I calculate 58% return of capital from $0.46 EPS/year divided by $1.104/share dividend. This should improve as short term rates increase. So I'm in at the right entry price. for a short term and watching price.
  • b
    buy
    I calculate a 5% return of capital from the historical share price numbers on Yahoo. So I can solve a short-term casflow problem with copay on a 4 day hospitalization with $11000 in BRW for a short time before I invest in equities after the risk of recession passes, which may not be too long now. I'm in for $11,000.
  • b
    buy
    Yahoo shows 185 % payout ratio.
  • b
    buy
    All I can find on the website is that Saba will distribute capital as needed to preserve the 12% dividend. I don"t see that over the last 10 months that 78% has been return of capital. I don't trust Yahoo's report of a 185% payout ratio. I only need high income for a short while and hope market conditions will be such that I can avoid a significant loss of principal when I sell.
  • Y
    Yahoo Finance Insights
    Saba Capital Income & Opportunities Fund reached a 52 Week low at 4.17
  • Y
    Yahoo Finance Insights
    Saba Capital Income & Opportunities Fund reached a 52 Week low at 4.30
  • Y
    Yahoo Finance Insights
    PPR is down 11.21% to 3.96
  • Y
    Yahoo Finance Insights
    PPR is down 11.09% to 4.01
  • Y
    Yahoo Finance Insights
    PPR is down 11.21% to 3.96
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