BRW: Attractively Discounted, High Managed Distribution Yield


  • Since our previous update, the portfolio has shown a slight decline in SPAC exposure, which I see as positive.
  • The fund has a managed distribution plan based on 12% and is adjusted monthly.
  • Saba Capital Management themselves are large holders, but have been unwinding their position.
  • This idea was discussed in more depth with members of my private investing community, CEF/ETF Income Laboratory. Learn More »

Currency and Exchange Stock Chart for Finance and Economy Display


Written by Nick Ackerman, co-produced by Stanford Chemist. This article was originally published to members of the CEF/ETF Income Laboratory on November 24th, 2022.

Saba Capital Income and Opportunities Fund (NYSE:BRW) is now more than a year into

BRW Saba Ownership

BRW Saba Ownership (13D Filing)

BRW Leverage

BRW Leverage (Saba)





BRW Distribution

BRW Distribution (CEFConnect)

BRW Semi-Annual Report

BRW Semi-Annual Report (Saba)

BRW Asset Allocation

BRW Asset Allocation (Saba)

BRW Top Ten Holdings

BRW Top Ten Holdings (Saba)

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This article was written by

Nick Ackerman profile picture
CEF/ETF income and arbitrage strategies, 8%+ portfolio yields
Nick Ackerman is an avid student of the markets and has been investing in his own accounts for over 14 years. He is a former Financial Advisor and has previously qualified for holding Series 7 and Series 66 licenses. These licenses also specifically qualified him for the role of Registered Investment Adviser (RIA), i.e., he was registered as a fiduciary and could manage assets for a fee and give advice. Since then he has continued with his passion for investing through writing for Seeking Alpha, providing his knowledge, opinions, and insights of the investing world. His specific focus is on closed-end funds as an attractive way to achieve income as well as general financial planning strategies towards achieving one’s long term financial goals.


I provide my work regularly to CEF/ETF Income Laboratory with articles that have an exclusivity period, this is noted in such articles. CEF/ETF Income Laboratory is a Marketplace Service provided by Stanford Chemist, right here on Seeking Alpha.

Disclosure: I/we have a beneficial long position in the shares of BRW, HIE, MO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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