Weekly Commentary | February 8, 2026 | BRW/SABA Merger, Top Sectors, BMN Sell?
Summary
The Saba Capital Income & Opportunities (BRW) and Saba Capital Income & Opportunities II (SABA) merger aims to create a larger, more liquid CEF.
Discounts in CEFs have widened marginally, with taxable funds at fair value but select sectors like EM debt and preferreds still offering opportunities.
Among PIMCO CEFs, PTY, PCN, and PDI are currently th…
