Federal Register #812-15585

SEC Notice: Application for Joint Investment Relief by Saba Capital Entities

This notice concerns a regulatory application submitted to the Securities and Exchange Commission (SEC) by Saba Capital Income & Opportunities Fund II and related entities. - Government Buyer: - Securities and Exchange Commission (SEC) - Applicants: - Saba Capital Income & Opportunities Fund II - Saba Capital Income & Opportunities Fund - Saba Capital Management, L.P. - Affiliated entities - Purpose of Application: - Requests an order under sections 17(d) and 57(i) of the Investment Company Act of 1940 and rule 17d-1 - Seeks permission for business development companies (BDCs) and closed-end management investment companies to co-invest in portfolio companies with each other and with affiliated investment entities - Notable Details: - No procurement of products or services is involved - No part numbers, quantities, or OEMs are listed - The SEC is inviting public comments or hearing requests regarding this application - Unique Requirements: - The application seeks regulatory relief for joint investment activities otherwise restricted by the Investment Company Act

Description

This notice pertains to an application filed by Saba Capital Income & Opportunities Fund II and related entities requesting an order under sections 17(d) and 57(i) of the Investment Company Act of 1940 and rule 17d-1 to permit certain joint transactions otherwise prohibited by the Act. The application involves business development companies and closed-end management investment companies co-investing in portfolio companies with each other and affiliated investment entities. The application was filed on June 7, 2024, and amended multiple times through March 18, 2026. The notice invites interested persons to submit comments or request a hearing regarding the application.

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