Notice2024-15135
Saba Capital Income & Opportunities Fund II and Saba Capital Management, L.P.
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
July 10, 2024
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 89 Issue 132 (Wednesday, July 10, 2024)</title>
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[Federal Register Volume 89, Number 132 (Wednesday, July 10, 2024)]
[Notices]
[Page 56784]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-15135]
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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 35277; 812-15561]
Saba Capital Income & Opportunities Fund II and Saba Capital
Management, L.P.
July 5, 2024.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').
ACTION: Notice.
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Notice of an application under section 6(c) of the Investment
Company Act of 1940 (the ``Act'') for an exemption from section 19(b)
of the Act and rule 19b-1 under the Act to permit registered closed-end
investment companies to make periodic distributions of long-term
capital gains more frequently than permitted by section 19(b) or rule
19b-1.
Summary of Application: Applicants request an order to permit certain
registered closed-end management investment companies to pay as
frequently as twelve times in any one taxable year in respect of its
common stock and as often as specified by, or determined in accordance
with the terms of, any preferred stock issued by the investment company
subject to the terms and conditions stated in the application.
Applicants: Saba Capital Income & Opportunities Fund II and Saba
Capital Management, L.P.
Filing Dates: The application was filed on April 10, 2024, and amended
on May 29, 2024 and June 20, 2024.
Hearing or Notification of Hearing: An order granting the requested
relief will be issued unless the Commission orders a hearing.
Interested persons may request a hearing on any application by emailing
the SEC's Secretary at <a href="/cdn-cgi/l/email-protection#8bd8eee8f9eeffeaf9f2f8a6c4edede2e8eecbf8eee8a5ece4fd"><span class="__cf_email__" data-cfemail="1645737564736277646f653b5970707f75735665737538717960">[email protected]</span></a> and serving the
Applicants with a copy of the request by email, if an email address is
listed for the relevant Applicant below, or personally or by mail, if a
physical address is listed for the relevant Applicant below. Hearing
requests should be received by the Commission by 5:30 p.m. on July 30,
2024, and should be accompanied by proof of service on the Applicants,
in the form of an affidavit, or, for lawyers, a certificate of service.
Pursuant to rule 0-5 under the Act, hearing requests should state the
nature of the writer's interest, any facts bearing upon the
desirability of a hearing on the matter, the reason for the request,
and the issues contested. Persons who wish to be notified of a hearing
may request notification by emailing the Commission's Secretary.
ADDRESSES: The Commission: <a href="/cdn-cgi/l/email-protection#4310262031263722313a306e0c25252a2026033026206d242c35"><span class="__cf_email__" data-cfemail="491a2c2a3b2c3d283b303a64062f2f202a2c093a2c2a672e263f">[email protected]</span></a>. Applicants:
Michael S. Didiuk, Schulte Roth & Zabel LLP, <a href="/cdn-cgi/l/email-protection#317c58525950545d1f55585558445a7142434b1f525e5c"><span class="__cf_email__" data-cfemail="04496d676c6561682a606d606d716f4477767e2a676b69">[email protected]</span></a>,
with a copy to Michael D'Angelo, Saba Capital Management, L.P.,
<a href="/cdn-cgi/l/email-protection#15587c767d7470793b51547b7270797a55667477747674657c6174793b767a78"><span class="__cf_email__" data-cfemail="4f02262c272e2a23610b0e21282a23200f3c2e2d2e2c2e3f263b2e23612c2022">[email protected]</span></a>.
FOR FURTHER INFORMATION CONTACT: Trace W. Rakestraw, Senior Special
Counsel, at (202) 551-6825 (Division of Investment Management, Chief
Counsel's Office).
SUPPLEMENTARY INFORMATION: For Applicants' representations, legal
analysis, and conditions, please refer to Applicants' application,
dated June 20, 2024, which may be obtained via the Commission's website
by searching for the file number at the top of this document, or for an
Applicant using the Company name search field on the SEC's EDGAR
system. The SEC's EDGAR system may be searched at <a href="https://www.sec.gov/edgar/searchedgar/legacy/companysearch.html">https://www.sec.gov/edgar/searchedgar/legacy/companysearch.html</a>. You may also call the
SEC's Public Reference Room at (202) 551-8090.
For the Commission, by the Division of Investment Management,
under delegated authority.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2024-15135 Filed 7-9-24; 8:45 am]
BILLING CODE 8011-01-P
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