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NUO - Saba's Latest Proxy Battles: What Investors Need To Know
Nuveen Ohio Quality Municipal Income Fund
Saba Capital is known both for its high yield credit and its closed-end fund strategies. Lately, it is the Saba's closed-end fund activism that has stirred the most controversy. Saba has $4.2 billion in AUM according to their latest form ADV. Therefore, even in cases where it owns a large percentage of a closed-end fund and launches a high profile activist campaign, the actual position is relatively small from the perspective of the whole firm. Nonetheless, Saba spends a lot of time in court and in boardrooms, trying to get closed-end funds to close their