Saba Capital Amends AllianceBernstein Muni Fund Filing
Ticker: AFB · Form: SC 13D/A · Filed: May 20, 2024 · CIK: 1162027
| Field | Detail |
|---|---|
| Company | Alliancebernstein National Municipal Income Fund (AFB) |
| Form Type | SC 13D/A |
| Filed Date | May 20, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.001, $30,852,782 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, filing-amendment, closed-end-fund
TL;DR
Saba Capital updated its stake filing for AllianceBernstein Muni Fund - watch for potential moves.
AI Summary
Saba Capital Management, L.P. filed an amendment (No. 4) to its Schedule 13D on May 20, 2024, regarding its holdings in AllianceBernstein National Municipal Income Fund. The filing indicates a change in the reporting person's beneficial ownership, though specific new holdings or changes in percentage are not detailed in this excerpt. Saba Capital Management, L.P. is a significant holder, and this amendment suggests ongoing activity or adjustments to their investment strategy concerning the fund.
Why It Matters
This filing signals continued engagement by Saba Capital Management with AllianceBernstein National Municipal Income Fund, potentially influencing the fund's strategy or governance.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings by activist investors like Saba Capital can precede significant corporate actions or shifts in fund management.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Reporting Person
- AllianceBernstein National Municipal Income Fund (company) — Issuer
- Boaz R. Weinstein (person) — Group Member
FAQ
What specific changes in beneficial ownership are detailed in this SC 13D/A filing?
This excerpt does not specify the exact changes in beneficial ownership or the new percentage of shares held by Saba Capital Management, L.P.
What is the CUSIP number for AllianceBernstein National Municipal Income Fund's common shares?
The CUSIP number for the common shares of AllianceBernstein National Municipal Income Fund is 01864U106.
Who is listed as a group member in this filing besides Saba Capital Management, L.P.?
Boaz R. Weinstein is also listed as a group member in this filing.
What is the business address of Saba Capital Management, L.P.?
The business address of Saba Capital Management, L.P. is 405 Lexington Avenue, 58th Floor, New York, NY 10174.
What is the filing date of this SC 13D/A amendment?
This SC 13D/A amendment was filed on May 20, 2024.
Filing Stats: 1,350 words · 5 min read · ~5 pages · Grade level 11.1 · Accepted 2024-05-20 08:49:22
Key Financial Figures
- $0.001 — FUND (Name of Issuer) Common Shares, $0.001 par value (Title of Class of Securiti
- $30,852,782 — ported herein. A total of approximately $30,852,782 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 61KB
- 0001062993-24-010743.txt ( ) — 62KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: May 20, 2024 SABA CAPITAL MANAGEMENT, L.P. By: /s/ Michael D'Angelo Name: Michael D'Angelo Title: Chief Compliance Officer SABA CAPITAL MANAGEMENT GP, LLC By: /s/ Michael D'Angelo Name: Michael D'Angelo Title: Authorized Signatory BOAZ R. WEINSTEIN By: /s/ Michael D'Angelo Name: Michael D'Angelo Title: Attorney-in-fact* * Pursuant to a power of attorney dated as of November 16, 2015, which is incorporated herein by reference to Exhibit 2 to the Schedule 13G filed by the Reporting Persons on December 28, 2015, accession number: 0001062993-15-006823 CUSIP No. 01864U106 SCHEDULE 13D/A Page 7 of 7 Pages Schedule A This Schedule sets forth information with respect to each purchase and sale of Common Shares which were effectuated by Saba Capital since the filing of the Schedule 13D/A on 4/24/24. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 4/24/2024 Buy 11,951 10.49 4/25/2024 Buy 41,521 10.46 4/26/2024 Buy 16,524 10.47 4/29/2024 Buy 24,353 10.50 5/1/2024 Buy 16,317 10.52 5/2/2024 Buy 59,661 10.53 5/3/2024 Buy 1,119 10.62 5/6/2024 Buy 7,868 10.66 5/9/2024 Buy 12,141 10.86 5/10/2024 Buy 20,246 10.84 5/13/2024 Buy 49,465 10.88 5/15/2024 Buy 11,181 10.92 5/16/2024 Buy 43,712 10.91