Thomas J. Herzfeld Advisors Reduces Stake in Saba Capital Income & Opportunities Fund II to 2.85%

On April 8, 2026, Thomas J. Herzfeld Advisors, Inc. filed a Schedule 13G/A regarding its holdings in Saba Capital Income & Opportunities Fund II (SABA). The filing indicates a significant reduction in the investment adviser's position. As of the event date on January 22, 2026, the filer reported owning 775,805 shares of common stock, representing a 2.85% ownership stake in the fund. This is a decrease from the previously reported position of 1,590,092 shares. Because the ownership level has fallen below the 5% threshold, the filer has indicated that they are now reporting a class ownership of 5% or less. The shares are held in the ordinary course of business and were not acquired for the purpose of changing or influencing the control of the issuer. Thomas J. Herzfeld Advisors, Inc. maintains sole voting and dispositive power over all 775,805 shares reported in this amendment.