Saba Capital Income & Opportunities Fund II (SABA) and BRW continue to operate as separate closed-end funds after a planned merger was canceled. SABA charges fees based on net assets, protecting shareholders from fee increases when leverage is used, while BRW charges fees on managed assets, which can penalize leverage. BRW currently offers a higher distribution yield and better discount alpha, but SABA's lower expenses and wider discount may be more favorable for shareholders. Differences in liquidity and active share buybacks present tactical investment opportunities, with SABA's higher discount making it a more likely candidate for buybacks.
During week 21 of 2026 (May 18-22), Sampo Oyj bought back a total of 1,911,568 of its own A-shares across multiple exchanges at a weighted average price of €9.21 per share. This buyback is part of a program authorized by the company's annual general ...
Celestia specializes in data availability for modular blockchains, with its TIA token fueling economic activity. The token's sustainable demand hinges on rollups consistently paying fees to publish data blobs on Celestia, distinguishing real usage fr...
Ethereum co-founder Vitalik Buterin announced that the Ethereum Foundation will prioritize its long-term survival over expanding its activities, meaning it will reduce ETH sales going forward. Buterin emphasized that the foundation is just one part o...
European stock markets are set to open higher following optimism about a potential deal between the US and Iran. Futures indicate France's Cac 40 could gain 0.9% and Germany's Dax 1.1%, while the UK's FTSE 100 remains closed for a holiday. Japan's Ni...
StoneCo is reaffirmed as a Strong Buy due to its robust fundamentals and attractive valuation despite macroeconomic challenges like the Iran conflict and high Selic rates. The company’s capital ratio reduction to 17% is expected to free up capital fo...
