Voya Prime Rate Shareholders Elect Full Slate of Saba Capital Nominees to the Board
July 14, 2020 at 09:00 pm IST
Share
On July 14, 2020, Saba Capital Management, L.P. and certain associated parties announced that Voya Prime Rate Trust shareholders have elected all 8 of Saba’s nominees; Aditya Bindal, Peter Borish, Karen Caldwell, Charles Clarvit, Ketu Desai, Kieran Goodwin, Andrew Kellerman and Neal Neilinger to the board of trustees , thereby replacing the full Board. Additionally, shareholders voted in favor of Saba’s non-binding proposal to tender 40% of the Company shares outstanding.
Saba Capital Income & Opportunities Fund (the Fund) is a closed-end, management investment company. The Fundâs investment objective is to seek to provide shareholders with a high level of current income, with a secondary goal of capital appreciation. It seeks to achieve this objective by investing globally in debt and equity securities of public and private companies, which includes, among other things, investing in registered closed-end funds, special purpose acquisition companies (SPAC), public and private debt instruments, as well as derivatives. The Fund may also invest up to 15% of its total assets in private funds on a discretionary basis. The Fund invests in certain investments through its investment in BRW SPV I. The BRW SPV I is a Cayman Islands Exempted Company and is a wholly owned subsidiary of the Fund. Saba Capital Management, L.P serves as the investment adviser to the Fund.
SABA CAPITAL INCOME & OPPORTUNITIES FUND 
