RICHARD A. WEDEMEYER - Corporate Board Profile

Saba Capital Income & Opportunities Fund

Filing Date	Source Excerpt
2001-06-01	Richard A. Wedemeyer Vice President of The Channel Corporation, an importer of specialty alloy aluminum products (1996 - present). Mr. Wedemeyer was formerly Vice President of Performance Advantage, Inc., a provider of training and consultation services (1992 - 1996), and Vice President, Operations and Administration, of Jim Henson Productions (1979 - 1997). Mr. Wedemeyer is a trustee of the First Choice Funds. Mr. Wedemeyer is also a Director or Trustee of each of the funds managed by ING Pilgrim Investments. The Board of Trustees has an Audit Committee whose function is to meet with the independent auditors of the Trust to review the scope of the Trust's audit, the Trust's financial statements and internal accounting controls, and to meet with Trust management concerning these matters, among other things. This Committee has reviewed and discussed the audited financial statements for the fiscal year ended February 28, 2001 with ING Pilgrim Investments. The Committee has discussed the audit for the fiscal year ended February 28, 2001 and KPMG's independence with KPMG. The Committee has received a letter from KPMG stating that KPMG is an independent auditor with respect to the Trust. Based on the aforementioned review and discussions, the Trust's audited financial statements for the fiscal year ended February 28, 2001 have been included in the Trust's Annual Report to Shareholders. This Committee currently consists of three independent Trustees: Paul S. Doherty, Blaine E. Rieke and Richard A. Wedemeyer. The Board of Trustees has a Nominating Committee for the purpose of considering candidates to fill independent Trustee vacancies on the Board. The Nominating Committee currently consists of three independent Trustees: Paul S. Doherty, Walter H. May and Richard A. Wedemeyer.
2002-07-03	RICHARD A. WEDEMEYER Trustee 2-26-01 - Vice 102 Mr. Wedemeyer is a Trustee Age: 66 Present President-Finance and of Touchstone Consulting Administration - of Group (1997-Present) and The the Channel GCG Trust (February Corporation, an 2002-Present).
2003-07-10	RICHARD A. WEDEMEYER Trustee February 2001 - Present Retired. Vice President - Finance and Administration, Channel Corporation (June 1996 - April 2002); Vice President, Operations and Administration, Jim Henson Productions (1979 - 1997); Trustee, First Choice Funds (1997 - 2001); and of each of the funds managed by ING Investment Management Co. LLC (1998 - 2001). The Valuation Committee currently consists of five Independent Trustees: Messrs. May, Doherty, Patton, and Wedemeyer and Dr. Gitenstein. The Nominating Committee currently consists of four Independent Trustees: Messrs. Doherty, May and Wedemeyer and Dr. Gitenstein. The Investment Review Committee currently consists of five Independent Trustees and one Trustee who is an "interested person," as defined in the 1940 Act: Messrs. Doherty, May, McInerney, Patton, and Wedemeyer and Dr. Gitenstein. Mr. Wedemeyer serves as Chairman of the Committee. Each Independent Trustee receives a fee, allocated among the ING Funds for which he or she serves as a Director/Trustee, which consists of an annual retainer component and a per meeting fee component. The following table has been provided to the Trust by ING Investments and sets forth information regarding the compensation paid to the Trustees for the Trust's fiscal year ended February 28, 2003 for service on the Boards of the ING Funds complex. Richard A. Wedemeyer $4,961
2004-04-23	RICHARD A. WEDEMEYER Trustee February Retired. Formerly Vice President - Finance and Administration, Channel Corporation (June 1996 - April 2002).
2005-05-17	RICHARD A. WEDEMEYER Trustee February 2001 - Present AGE: 69 Retired. Formerly, Vice President-Finance and Administration, The Channel Corporation (June 1996 - April 2002). The Committee currently consists of five Independent Trustees: Messrs. Boyer, May, Patton, and Wedemeyer and Dr. Gitenstein. Mr. May serves as Chairperson of the Committee. The Nominating and Governance Committee currently consists of four Independent Trustees: Dr. Gitenstein and Messrs. Kenny, May and Wedemeyer. Dr. Gitenstein serves as Chairperson of the Committee. The Board has an Investment Review Committee whose function is to monitor the investment performance of the Trust and to make recommendations to the Board with respect to the Trust. The Committee currently consists of five Independent Trustees and one Trustee who is an "interested person," as defined in the 1940 Act: Messrs. Boyer, May, McInerney, Patton, and Wedemeyer and Dr. Gitenstein. Mr. Wedemeyer serves as Chairperson of the Committee. The Contracts Committee currently consists of five Independent Trustees: Messrs. Boyer, May, Patton, Vincent and Wedemeyer. Mr. Vincent serves as Chairperson of the Committee. The Trust currently pays each Independent Trustee a pro rata share, as described below, of: (i) an annual retainer of $45,000 (Mr. Patton, as Chairperson, receives an annual retainer of $75,000); ... The following table has been provided to the Trust by the Adviser and its affiliates and sets forth information regarding the compensation paid to the Trustees for the Trust's fiscal year ended February 28, 2005 for service on the Boards of the ING Funds complex. Richard A. Wedemeyer $5,421 N/A N/A $99,000