Insider sale

SABA CAPITAL INCOME & OPPORTUNITIES FUND II

$26.82M

2.89M shares

What this filing means

SABA CAPITAL MANAGEMENT, L.P. plans to sell 2.89M shares of SABA CAPITAL INCOME & OPPORTUNITIES FUND II valued at approximately $26.82M. Form 144 is a notice of intent to sell restricted or control securities — not a mandatory transaction. This filing provides advance warning of potential selling pressure.

SABA CAPITAL MANAGEMENT, L.P.

Filed: 9/8/2025ACC: 0001510281-25-000454

InsiderSABA CAPITAL MANAGEMENT, L.P.CIK 1510281

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IssuerSABA CAPITAL INCOME & OPPORTUNITIES FUND IICIK 828803

10% Owner

Since Nov 2020

2.89M

Shares to sell

$26.82M

Approx. market value

258.29K

Acquired (3 months)

Planned

3 completed

Securities Acquired — Last 3 Months1

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Shares purchase in the open market at prevailing market price

Cash

1/22/2018

258.29K

Total acquired258.29K

Acquisition Date	Type	Amount Acquired	Gift
1/22/2018	Shares purchase in the open market at prevailing market price Cash	258.29K	—
Total		258.29K

Planned & Completed Dispositions14

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Completed

—Completed

Units to sell

22.03K

Market value

$203.7K

9/8/2025

—Completed

Units to sell

6.25K

Market value

$56.3K

6/17/2025

—Completed

Units to sell

21.56K

Market value

$194.1K

6/16/2025

Planned — Approximate Date

NYSEPlanned

Units to sell

258.29K

Market value

$2.40M

9/8/2025

NYSEPlanned

Units to sell

258.29K

Market value

$2.40M

9/8/2025

NYSEPlanned

Units to sell

258.29K

Market value

$2.40M

9/8/2025

NYSEPlanned

Units to sell

258.29K

Market value

$2.40M

9/8/2025

NYSEPlanned

Units to sell

258.29K

Market value

$2.40M

9/8/2025

NYSEPlanned

Units to sell

258.29K

Market value

$2.40M

9/8/2025

NYSEPlanned

Units to sell

258.29K

Market value

$2.40M

9/8/2025

NYSEPlanned

Units to sell

258.29K

Market value

$2.40M

9/8/2025

NYSEPlanned

Units to sell

258.29K

Market value

$2.40M

9/8/2025

NYSEPlanned

Units to sell

258.29K

Market value

$2.40M

9/8/2025

NYSEPlanned

Units to sell

258.29K

Market value

$2.40M

9/8/2025

Total

Units

2.89M

Value

$26.82M

Date	Units to Sell	Approx. Market Value	Exchange	Status
Completed
9/8/2025	22.03K	$203.7K	—	Completed
6/17/2025	6.25K	$56.3K	—	Completed
6/16/2025	21.56K	$194.1K	—	Completed
Planned — Approximate Date
9/8/2025	258.29K	$2.40M	NYSE	Planned
9/8/2025	258.29K	$2.40M	NYSE	Planned
9/8/2025	258.29K	$2.40M	NYSE	Planned
9/8/2025	258.29K	$2.40M	NYSE	Planned
9/8/2025	258.29K	$2.40M	NYSE	Planned
9/8/2025	258.29K	$2.40M	NYSE	Planned
9/8/2025	258.29K	$2.40M	NYSE	Planned
9/8/2025	258.29K	$2.40M	NYSE	Planned
9/8/2025	258.29K	$2.40M	NYSE	Planned
9/8/2025	258.29K	$2.40M	NYSE	Planned
9/8/2025	258.29K	$2.40M	NYSE	Planned
Total	2.89M	$26.82M