GAMCO Investors, Inc. to Make Nomination to the Boards of Saba Capital Management Closed-End Funds

Core Viewpoint - GAMCO Investors, Inc. intends to nominate David Schachter for election as a Trustee to the Boards of the Saba Income & Capital Opportunities Fund and the Saba Capital Income & Opportunities Fund II, both of which are currently trading at discounts to their net asset values [1][2]. Group 1: Nomination and Background - David Schachter has over 40 years of experience in closed-end funds, currently serving as Vice President of the Gabelli Utility Trust for over 25 years [2]. - Prior to joining GAMCO in 1998, Schachter worked for Thomas J. Herzfeld Advisors, a firm specializing in closed-end funds [2]. Group 2: Expertise and Contributions - Schachter has been featured on major financial news networks and has contributed to investor education through various media, including brochures and video content on closed-end funds [3]. - He co-authored a significant report on "Closed-End Funds Managed Distribution Policy," highlighting his expertise in the field [3]. Group 3: Strategic Intent - GAMCO believes that Schachter's election would enhance Board independence and expertise, addressing discount erosion and improving shareholder value [4]. - The company plans to solicit proxies in support of Schachter's nomination at the Funds' 2026 Annual Meeting of Shareholders [4]. Group 4: Company Overview - GAMCO Investors, Inc. was established in 1977 and provides investment advisory services to a range of funds and approximately 1,900 institutional and private wealth management investors [5]. - The company offers diverse client solutions across various asset classes, market capitalizations, and investment styles [6].