Voya Prime Rate Trust Sends Letter to Shareholders
June 28, 2020 at 06:40 pm IST
Share
On June 28, 2020, Voya Prime Rate Trust sent a letter to shareholders highlighting the expertise and commitment of the Fund's current Board to act in the interests of all of the Fund's shareholders and support the continuity and stability of the Fund's operations during a time of increased volatility. In addition, the Fund urged the shareholders to cast their vote using the Funds proxy card for the Board-approved nominees and against Saba Capital Management, L.P's self-serving proposal.
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 
