Saba Capital Income & Opportunities Fund II Approves 1-For-2 Reverse Stock Split
Portfolio Pulse from Benzinga Newsdesk
Saba Capital Income & Opportunities Fund II has announced a 1-for-2 reverse stock split. This action is a structural adjustment to the fund's shares, aiming to consolidate shares and potentially increase the market price per share.
May 01, 2024 | 12:18 pm
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Saba Capital Income & Opportunities Fund II's 1-for-2 reverse stock split is intended to consolidate shares, which could lead to an increase in the market price per share.
Reverse stock splits are often executed to increase the market price of a stock, making it more appealing to investors and potentially reducing volatility. For SABA, this move could attract more institutional investors and improve its market standing.
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