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GAMCO Investors Puts Forward Investment Expert for Saba Fund Boards
GAMCO nominates David Schachter to enhance fund oversight and reduce asset price discounts, aiming to better protect investors in Saba Capital Management funds.
- On Feb. 02, 2026, GAMCO said it intends to nominate David Schachter to the boards of the Saba Income & Capital Opportunities Fund and Saba Capital Income & Opportunities Fund II .
- GAMCO says the nomination could help close a valuation gap and better protect investor interests, giving shareholders a clearer voice, as announced on February 2, 2026.
- With media and research credentials, David Schachter has more than four decades of closed-end fund experience, including over 25 years as Vice President of the Gabelli Utility Trust.
- Shareholders will vote on the nomination at the funds' 2026 annual meetings, and the announcement was distributed via GlobeNewswire and produced by SWNS.
- Trading at discounts of approximately 11.26% for BRW and 13.18% for SABA, the Funds invest in income and capital opportunities and currently trade below their net asset value.
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GAMCO (Gabelli) nominates a director to challenge activist Saba about the discounts on its US-listed funds
Saba could receive a taste of its own medicine after GAMCO Investors, a rival US investment group, launched a bid to get one of its directors on the boards of two of the activist’s funds. GAMCO, a Connecticut-based investment group trading as Gabelli, said it and some of its affiliates intended to nominate David Schachter for election as a trustee to the boards of Saba Income & Capital Opportunities (BRW.N) and Saba Capital Income & Opportunitie…
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Total News Sources26
Leaning Left1Leaning Right2Center15Last UpdatedBias Distribution83% Center
Bias Distribution
- 83% of the sources are Center
83% Center
C 83%
11%
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