Added to YB: 2025-06-20
Pitch date: 2025-06-17
BRW [neutral]
Saba Capital Income & Opportunities Fund
-4.41%
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 fixed income mutual fund launched by Voya Investment Management LLC.
Market Cap
$332.2M
Pitch Price
$7.40
Price Target
N/A
Dividend
13.06%
EV/EBITDA
N/A
P/E
8.85
EV/Sales
10.36
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)