Added to YB: 2025-06-20
Pitch date: 2025-06-17
BRW [neutral]
Saba Capital Income & Opportunities Fund
-9.1%
current return
Author Info
Adrian Capital a university student from New Zealand interested in securities / markets, primarily in areas where I think things look way mispriced or overlooked. This mostly lends itself to small caps / special situations. Sign up for the newsletter.
Company Info
Saba Capital Income & Opportunities Fund is a closed-ended balanced mutual fund launched by Voya Investment Management LLC.
Market Cap
$298.2M
Pitch Price
$6.50
Price Target
N/A
Dividend
17.41%
EV/EBITDA
N/A
P/E
9.22
EV/Sales
13.26
Sector
Capital Markets
Category
turnaround
Shear Hope to Shear Exit – Selling BRW
BRW sell: Trading at 1x net cash ($42.2M insurance proceeds + $7.4M cash), but poor HY25 with $24.1M cash burn. New board (proposed by 11.5% shareholders) replaced CEO/COO and appears optimistic about turnaround vs sale. Still cheap with takeover interest, but may reject lukewarm offers despite 'for sale' sign.
Read full article (3 min)