Saba is a registered investment advisor focused on credit and equity relative value strategies

¹The 21st Annual Hedge Fund Industry Award: 2024 Activist Hedge Fund Manager of the Year is open to hedge funds whose strategy relies primarily on activist investments. Fund strategies that qualify in this category include but are not limited to activist and event-driven instruments. Saba submitted information related to 2023 investment returns, performance track record, risk management, stability of investment team, as well as portfolio management. Winners for the 2024 Institutional Investor Awards were announced on May 1, 2024. More information on the 2024 Institutional Investor Awards and a full list of the winners is available here: https://www.institutionalinvestor.com/article/2d6anafxgowqfj0jskbnk/culture/here-are-the-winners-of-the-21st-annual-hedge-fund-industry-awards. ²Winners for the 2023 Institutional Investor Awards for “Credit–Focused Hedge Fund Manager of the Year” and “Activist Hedge Fund Manager of the Year” were announced on May 11, 2023. Saba submitted information related to 2022 investment returns, performance track record, risk management, stability of investment team, and portfolio management. These nominations included an associated awards ceremony for which Saba Capital Management, L.P. (“Saba Capital”) compensated the award provider (the “Award Provider”) to attend the dinner ceremony. These awards do not constitute an endorsement by the Award Provider and do not express an opinion or view on Saba Capital’s ability to perform its duties as an investment adviser. Ratings are in no way indicative of an adviser’s future performance, which may vary. More information on the 2023 Institutional Investor Awards and a full list of the winners is available here: https://www.institutionalinvestor.com/article/b8ynqlgnjb6y8q/Here-Are-the-Winners-of-the-20th-Annual-Hedge-Fund-Industry-Awards. For each award's specific selection criteria, please contact Saba Capital.