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

Page 2 of 22 – SEC Filing

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 VOTING POWER

820,026

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)

9.99%1

14

TYPE OF REPORTING PERSON

PN; IA

____________________________

1 The percentages used in this Schedule 13D/A are calculated
based upon 8,200,265 Common Shares outstanding as of April 30, 2017 as reported in the Issuer’s Annual Report to Shareholders on
Form N-CSRS filed on July 6, 2017.

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