Fund Description: Saba Capital Income & Opportunities Fund formerly Voya Prime Rate Trust, formerly ING Prime Rate Trust, is an exchange-traded closed-end fund (CEF) or a closed-end ETF that is officially described as a diversified, closed-end management investment company. <p> INVESTMENT OBJECTIVE: Saba Capital Income & Opportunities Fund seeks to provide as high a level of current income as is consistent with the preservation of capital. <p> FUND STRATEGY: The Fund invests in a diversified portfolio of non-investment grade senior floating rate loans made primarily to U.S. Based corporations. The Fund may invest in below investment grade senior loans. Senior loans are subject to credit risks and the potential for non-payment of scheduled principal or interest payments, which may result in a reduction of the Fund’s NAV. The use of leverage for investment purposes increases both investment opportunity and investment risk. In the event of a general market decline in the value of assets such as those in which the Fund invests, the effect of that decline will be magnified in the Fund because of the additional assets purchased with the proceeds of the leverage. Changes in market interest rates will effect the yield on the Fund’s Common Shares. If market interest rates fall, the yield on the Fund’s Common Shares will also fall. In addition, changes in market interest rates may cause the Fund’s NAV to experience moderate volatility because of the lag between changes in market rates and the resetting of the floating rates on assets in the Fund’s portfolio. To the extent that market interest rate changes are reflected as a change in the market spreads for loans of the type and quality in which the Fund invests, the value of the Fund’s portfolio may decrease in response to an increase in such spreads. Finally, substantial increases in interest rates may cause an increase in loan defaults as borrowers may lack the resources to meet higher debt service requirements. <p> FUND MANAGEMENT: Saba Capital Management, LP serves as the investment adviser to the Fund.