The Saba Capital Income & Opportunities Fund II (NYSE: SABA) has announced a monthly distribution to its shareholders. The payment, set at $0.058 per share, will be made on June 30.

This closed-end management investment company operates under a managed distribution plan. As part of this plan, it makes monthly distributions at a fixed rate of $0.058 per share. According to the fund's announcement, the entire distribution amount scheduled for June 30 is sourced from net investment income.

Since the beginning of its fiscal year 2026, the fund's cumulative distributions total $0.506 per share. All of these distributions have also been derived from net investment income. The fund advises shareholders that the estimates regarding distribution sources are for informational purposes only. The final tax treatment for shareholders will be determined by the information provided on the annual 1099-DIV form.

Managed by Saba Capital Management, L.P., the fund primarily invests in debt and equity securities across global public and private markets. Its investment portfolio includes assets such as closed-end funds, special purpose acquisition companies (SPACs), reinsurance-linked securities, and various public and private debt instruments.