13D Filing: Saba Capital and First Trust Strategic High Income Fund II (FHY)

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CUSIP No. 337353304 SCHEDULE 13D Page 2 of 10 Pages
1 NAME OF REPORTING
PERSON
Saba Capital Management, L.P.
2

 

CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP
(a) [ ]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS
OO (see
Item 3)
5 CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware
NUMBER OF
SHARES

BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH:
7 SOLE VOTING POWER
-0-
8 SHARED 820,026 VOTING POWER
9 SOLE DISPOSITIVE POWER

-0-
10 SHARED DISPOSITIVE POWER

820,026
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH PERSON
820,026
12 CHECK IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES
13 PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11)
9.999994%1
14 TYPE OF REPORTING PERSON

PN; IA

_______________________
1
The percentages used
herein are calculated based upon 8,200,265 shares of common stock outstanding as
of 3/9/2017, as disclosed in the company’s Certified Shareholder Report Form DEF
14A filed 3/9/2017.

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