Saba Capital Income & Opportunities Fund II (SABA)
Saba Capital Income & Opportunities Fund II is a closed-end investment fund specializing in fixed income, overseen by Saba Capital Management, L.P. This actively managed fund primarily allocates capital to global debt markets, with a core focus on sovereign government bonds. Its performance is measured against the J.P. Morgan Global Government Bond Index. The fund was established on March 17, 1988, and is domiciled in the United States.
Industry: Asset Management - Income
Saba Capital Income & Opportunities Fund II
NYSE:SABAFinancial Services · Asset Management - Income
-0.13%$7.60
AH Close$7.60+0.00%vs close
AH Close$7.60+0.00%vs close
Mkt Cap$203.33M
Float24.56M
O/S26.75M
Inst Own52.0%
Div Yield10.47%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$53.21M
Net Income$32.57M
Total Assets$542.79M
Free Cash Flow$0
Debt & Equity
Equity 100%
Total Debt$0
Total Equity$274.91M
Shares Outstanding
Short Interest
Split History2 splits · 2 reverse
- 1:2Reverse splitJun 24, 20242 shares → 1
- 1:4Reverse splitMay 12, 20034 shares → 1
Balance Sheet Details
Assets$542.79M
Liabilities$267.88M
Accounts Receivable$41.3M
Accounts Payable$16.31M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-08-31 | 2014-08-31 | 2013-08-31 |
| Revenue | $53.21M | $18.76M | -$8.39M | -$26.1M | -$85.43M | -$60.98M | $61.39M | $62.67M | $40.68M | $45.24M | $47.77M | $54.72M | $60.15M |
| YoY Growth | 183.6% | -323.7% | -67.9% | -69.4% | 40.1% | -199.3% | -2.0% | 54.1% | -10.1% | -5.3% | -12.7% | -9.0% | - |
| Cost of Revenue | $2.88M | $0 | $3.25M | $3.93M | $6.66M | $5.8M | $5.98M | $6.2M | $6.57M | $0 | $0 | $0 | $0 |
| Gross Profit | $50.33M | $18.76M | -$11.63M | -$30.03M | -$92.09M | -$66.78M | $55.41M | $56.47M | $34.11M | $45.24M | $47.77M | $54.72M | $60.15M |
| Gross Margin | 94.6% | 100.0% | 138.7% | 115.1% | 107.8% | 109.5% | 90.3% | 90.1% | 83.8% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $3 | $2 | $0 | $1 | $0 | $0 | $1 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $2.13M | $4.74M | $3 | $1.37M | $1.53M | $739K | $877K | $0 | $1 | $6.59M | $7.91M | $8.32M | $8.9M |
| Other | $373K | $0 | $0 | -$8.01M | $55.3M | $12.7M | -$38.62M | $67.07M | $67.07M | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $2.5M | $4.74M | $51.37M | $8.01M | -$55.3M | -$12.7M | $38.62M | $44.57M | $24.9M | $42.67M | $140.27M | $74.28M | $16.85M |
| Operating Income (EBIT) | $41.5M | $14.02M | -$25.04M | -$38.04M | -$36.79M | -$54.09M | $16.79M | $49.78M | $48.43M | $38.65M | $39.86M | $46.4M | $51.26M |
| Operating Margin | 78.0% | 74.7% | 298.6% | 145.7% | 43.1% | 88.7% | 27.4% | 79.4% | 119.1% | 85.4% | 83.4% | 84.8% | 85.2% |
| Interest Expense | $8.19M | $3.19M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $17.77M | $0 | $0 | $24.05M | $35.46M | $33.83M | $53.34M | $53.21M | $54.54M | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$8.93M | $41.84M | -$33K | -$36.09M | $17.14M | -$2.63M | -$36.02M | -$30.62M | -$21.55M | $101.09M | -$134.19M | $81.46M | -$9.07M |
| Income Before Tax (EBT) | $32.57M | $55.87M | -$25.07M | -$40.02M | -$38.81M | -$56.71M | $15.32M | $19.16M | $26.88M | $139.73M | -$94.33M | $127.86M | $42.19M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $21.39M | $0 | $101.09M | $0 | $81.46M | $0 |
| Net Income | $32.57M | $55.87M | -$25.07M | -$40.02M | -$38.81M | -$56.71M | $15.32M | $21.39M | $26.83M | $139.73M | -$94.33M | $127.86M | $42.19M |
| Net Income Margin | 61.2% | 297.7% | 299.0% | 153.3% | 45.4% | 93.0% | 25.0% | 34.1% | 66.0% | 308.9% | -197.5% | 233.7% | 70.1% |
| Supplementary Data | |||||||||||||
| EPS | 1.18 | 1.99 | -0.49 | -0.39 | -0.30 | -0.42 | 0.11 | 74860203.00 | 66937599.00 | 1.04 | -0.70 | 0.95 | 0.31 |
| Diluted EPS | 1.18 | 1.99 | -0.49 | -0.39 | -0.30 | -0.42 | 0.11 | 74860203.00 | 66937599.00 | 1.04 | -0.70 | 0.95 | 0.31 |
| Weighted Average OS | 27.72M | 28.14M | 51.37M | 102.61M | 129.36M | 134.14M | 134.14M | 0.286 | 0.401 | 134.14M | 134.14M | 134.14M | 134.14M |
| EBITDA | $41.5M | $14.02M | -$25.04M | -$40.02M | -$38.81M | $0 | $51.34M | $0 | $0 | $0 | $0 | $0 | $0 |
| EBITDA Margin | 78.0% | 74.7% | 298.6% | 153.3% | 45.4% | - | 83.6% | - | - | - | - | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-08-31 | 2014-08-31 | 2013-08-31 |
| Assets | |||||||||||||
| Current Assets | |||||||||||||
| Cash and Cash Equivalents | $258.33M | $1.64M | $913K | $3.01M | $1.08M | $645K | $3.02M | $36.75M | $919K | $7M | $13.87M | $9.21M | $17.06M |
| Short-Term Investments | $32.13M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $290.46M | $1.64M | $913K | $3.01M | $1.08M | $645K | $3.02M | $36.75M | $919K | $7M | $13.87M | $9.21M | $17.06M |
| Accounts Receivable | $41.3M | $17.47M | $12.17M | $7.59M | $7.79M | $4.89M | $9.21M | $9.81M | $81.39M | $12.11M | $12.68M | $16.07M | $16.02M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | -$331.76M | $346.81M | -$13.08M | $24.71M | $10.37M | $26.46M | $37.25M | $23.15M | $34.02M | $84.13M | $68.11M | $33.07M | $34.55M |
| Total Current Assets | $3.37M | $366M | $13.08M | $32.41M | $18.66M | $31.99M | $46.87M | $68.89M | $116.32M | $103.25M | $94.65M | $58.35M | $67.62M |
| Long-Term Assets | |||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $24.59M | $179.37M | $421.19M | $477.5M | $573.64M | $826.41M | $888.35M | $888.62M | $877.8M | $913.76M | $936.99M | $1.13B | $1.08B |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | -$179.37M | $0 | -$477.5M | -$573.64M | -$826.41M | -$888.35M | $823 | $1K | $0 | $510 | -$201 | $653 |
| Total Long-Term Assets | $539.42M | $179.37M | $421.19M | $477.5M | $573.64M | $826.41M | $888.36M | $888.62M | $877.8M | $913.76M | $936.99M | $1.13B | $1.08B |
| Other Assets | $542.79M | -$5.03M | $434.27M | -$16.38M | -$7.43M | -$6.78M | -$5.6M | $985 | $114 | $0 | $0 | $0 | $0 |
| Total Assets | $542.79M | $540.34M | $434.27M | $493.52M | $584.87M | $851.62M | $929.63M | $957.5M | $994.12M | $1.02B | $1.03B | $1.19B | $1.15B |
| Liabilities | |||||||||||||
| Current Liabilities | |||||||||||||
| Accounts Payable | $16.31M | $267.41M | $0 | $2.2M | $16.53M | $130K | $9.21M | $9.81M | $948K | $355K | $0 | $0 | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $16.76M | -$268.08M | $919K | -$2.2M | -$17.49M | -$571K | -$1.35M | -$3.32M | -$1.98M | $6.67M | $35.54M | $3.64M | $22.28M |
| Total Current Liabilities | $16.31M | $27.28M | $0 | $2.2M | $16.53M | $130K | $23.67M | $11.82M | $19.77M | $31.6M | $41.58M | $12.63M | $23.42M |
| Long-Term Liabilities | |||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6.4M | $3.17M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $95K | $304K | $578K | $699K | $1.56M | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $251.56M | $0 | $6.45M | $0 | -$95K | -$304K | -$578K | -$699K | -$1.56M | $0 | $0 | $584K | $618K |
| Total Long-Term Liabilities | $251.56M | $0 | $6.45M | $13.33M | $23.71M | $32.44M | $24.25M | $12.52M | $21.33M | $0 | $0 | $6.98M | $3.79M |
| Other Liabilities | $0 | $274.84M | $0 | -$2.2M | -$16.53M | -$130K | -$23.67M | -$11.82M | -$19.77M | $0 | $0 | $0 | $0 |
| Total Liabilities | $267.88M | $274.84M | $6.45M | $13.33M | $23.71M | $32.44M | $24.25M | $12.52M | $21.33M | $31.6M | $41.58M | $19.62M | $27.21M |
| Stockholders' Equity | |||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $357.87M | $354.47M | $559.47M | $602.03M | $699.08M | $987.42M | $1.02B | $1.02B | $1.01B | $1.05B | $1.11B | $1.11B | $1.11B |
| Retained Earnings | -$82.95M | -$88.96M | -$131.66M | -$121.84M | -$137.92M | -$168.24M | -$110.64M | -$71.03M | -$40.46M | -$67.34M | -$122.66M | $55.09M | $10.39M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $377 | -$1K | $141 | -$246 |
| Total Equity | $274.91M | $265.51M | $427.82M | $480.2M | $561.16M | $819.18M | $905.38M | $944.99M | $972.79M | $984.36M | $989.59M | $1.17B | $1.12B |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $542.79M | $540.34M | $434.27M | $493.52M | $584.87M | $851.62M | $929.63M | $957.5M | $994.12M | $1.02B | $1.03B | $1.19B | $1.15B |
| Supplementary Data | |||||||||||||
| Total Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6.4M | $3.17M |
| Net Debt | -$258.33M | -$1.64M | -$913K | -$3.01M | -$1.08M | -$645K | -$3.02M | -$36.75M | -$919K | -$7M | -$13.87M | -$2.81M | -$13.88M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-10-31 | 2024-10-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | ||||||
| Net Income | $32.57M | $55.87M | -$40.02M | -$38.81M | -$56.71M | $15.32M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Working Capital Change | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Non-Cash Items | -$32.57M | -$55.87M | $40.02M | $38.81M | $56.71M | -$15.32M |
| Net Cash from Operating | $0 | $0 | $0 | $0 | $0 | $0 |
| Investing Activities | ||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | ||||||
| Debt Repaid | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | $0 | $0 | $0 | $0 | $0 | $0 |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $0 | $0 | $0 | $0 | $0 | $0 |
| Supplementary Data | ||||||
| Operating Cash Flow | $0 | $0 | $0 | $0 | $0 | $0 |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash at Beginning | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash at End | $0 | $0 | $0 | $0 | $0 | $0 |