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

¹Winners 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.