Saba Capital Management Files SC 13D/A for abrdn Total Dynamic Dividend Fund
Ticker: AOD · Form: SC 13D/A · Filed: Dec 6, 2024 · CIK: 1379400
| Field | Detail |
|---|---|
| Company | Abrdn Total Dynamic Dividend Fund (AOD) |
| Form Type | SC 13D/A |
| Filed Date | Dec 6, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.001, $36,596,147 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, amendment, filing-update
TL;DR
Saba Capital updated its filing for abrdn Total Dynamic Dividend Fund. Watch for more details.
AI Summary
Saba Capital Management, L.P. filed an amendment (SC 13D/A) on December 6, 2024, regarding their holdings in abrdn Total Dynamic Dividend Fund. The filing indicates a change in their reporting, but specific details on the nature of the change or the exact number of shares held are not provided in this excerpt. The filing is an update to a previous Schedule 13D.
Why It Matters
This filing signals a potential shift in Saba Capital's stake or strategy concerning the abrdn Total Dynamic Dividend Fund, which could influence the fund's market performance and investor sentiment.
Risk Assessment
Risk Level: medium — Schedule 13D/A filings often precede significant corporate actions or shifts in investor strategy, requiring careful monitoring.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filer of the SC 13D/A amendment
- abrdn Total Dynamic Dividend Fund (company) — Subject company of the filing
- Boaz R. Weinstein (person) — Group member listed in the filing
FAQ
What specific changes are detailed in this SC 13D/A filing by Saba Capital Management?
This excerpt does not provide specific details on the changes; it only indicates that an amendment (Amendment No. 1) to the Schedule 13D has been filed on December 6, 2024.
What is the CUSIP number for abrdn Total Dynamic Dividend Fund's common shares?
The CUSIP number for the common shares of abrdn Total Dynamic Dividend Fund is 00326L100.
When was the abrdn Total Dynamic Dividend Fund previously known as Alpine Total Dynamic Dividend Fund?
The fund was formerly known as Alpine Total Dynamic Dividend Fund, with a date of name change on October 27, 2006.
What is the business address of Saba Capital Management, L.P.?
The business address for Saba Capital Management, L.P. is 405 Lexington Avenue, 58th Floor, New York, NY 10174.
What is the filing date for this SC 13D/A amendment?
The filing was made as of date December 6, 2024, and the accession number is 0001062993-24-020194.
Filing Stats: 1,299 words · 5 min read · ~4 pages · Grade level 12.2 · Accepted 2024-12-06 16:31:45
Key Financial Figures
- $0.001 — D FUND (Name of Issuer) Common Shares, $0.001 par value (Title of Class of Securities
- $36,596,147 — ported herein. A total of approximately $36,596,147 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 48KB
- 0001062993-24-020194.txt ( ) — 49KB
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: December 6, 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. 00326L100 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 during the past sixty days. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 11/18/2024 Sell 33,682 8.76 11/19/2024 Sell 17,596 8.73 11/20/2024 Sell 350 8.71 11/21/2024 Sell 23,370 8.63 11/22/2024 Sell 2,220 8.71 12/4/2024 Sell 1,731,502 8.74