Saba Capital Management, L.P. (“Saba”) is an Investment Adviser launched in 2009. Saba is a spin-out of one of the largest proprietary groups in the industry, ‘Saba Principal Strategies’, founded by Boaz Weinstein at Deutsche Bank in 1998. Saba’s senior investment team began working together at Deutsche Bank in the early 2000s, and is best known for having pioneered credit relative value and capital structure trading strategies. Saba currently manages over $1.7bn¹ across three core strategies: Credit Relative Value, Tail Hedge, and Closed-End Funds. Saba’s investors are predominately institutions and include corporate pensions, public pensions, foundations, fund of funds, endowments, and family offices. Saba has 41 employees¹ and is 100% self-owned. Saba is headquartered in the historic Chrysler Building in New York, with an investment office in London. Saba is registered with the SEC and CFTC, with its controlled affiliate in London authorized by the FCA.