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BRW - Saba Capital Income & Opportunities Fund: A Year Of Changes
Saba Capital Income & Opportunities Fund Com
In 2021, Saba Capital Income & Opportunities Fund became the new name for the VOYA Prime Rate Trust. The ticker went from PPR to BRW.
Three other major changes occurred. A new advisor was hired. An expanded investment policy was adopted. The distribution rate was increased from 8% to 12%. All are discussed.
BRW is worth keeping on your radar as their asset allocation seems to be a unique combination for a Closed-End-Fund.