BRW Announces Notification of Sources of Distributions - Seite 3

Effective after the close of business on June 4, 2021, Saba Capital Management, L.P. replaced Voya Financial as the investment adviser to Saba Capital Income & Opportunities Fund (formerly known as the Voya Prime Rate Trust). Performance of the Fund prior to the close of business on June 4, 2021 is not attributable to Saba Capital Management, L.P.

Average Annual Total Return (in relation to the change in net asset value (NAV) for the 5-year period ended on February 29, 2024)1

Annualized Distribution
Rate (for the current fiscal
period as a percentage of
NAV as of February 29,
2024)²

Cumulative Total Return (in
relation to the change in
NAV for the current fiscal
period through February 29,
2024)³

Cumulative Fiscal Year-To-
Date Distribution Rate (as a
percentage of NAV as of
February 29, 2024)⁴

2.68%

12.62%

2.76%

5.62%

Fund Performance and Distribution Rate Information:

¹Average Annual Total Return in relation to NAV represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ended through February 29, 2024. Annual NAV Total Return is the percentage change in the Fund’s NAV over a year, assuming reinvestment of distributions paid.

²The Annualized Distribution Rate is the current fiscal period’s distribution rate annualized as a percentage of the Fund’s NAV through February 29, 2024.

³Cumulative Total Return is the percentage change in the Fund’s NAV from October 31, 2023 through February 29, 2024, assuming reinvestment of distributions paid.

⁴The Cumulative Fiscal Year-To-Date Distribution Rate is the dollar value of distributions for the fiscal period October 31, 2023 through February 29, 2024, as a percentage of the Fund’s NAV as of February 29, 2024.

Managed Distribution Plan. The above distribution was declared in accordance with the Fund’s currently effective managed distribution plan (the “Plan”), whereby the Fund will make monthly distributions to shareholders at a fixed amount of $0.085 per share. The Fund will generally distribute amounts necessary to satisfy the Fund’s Plan and the requirements prescribed by excise tax rules and Subchapter M of the Internal Revenue Code. The Plan is intended to provide shareholders with a constant, but not guaranteed, fixed minimum rate of distribution each month and is intended to narrow the discount between the market price and the net asset value of the Fund’s common shares, but there is no assurance that the Plan will be successful in doing so.