Saba Capital Amends Filing for abrdn Global Infrastructure Income Fund
Ticker: ASGI · Form: SC 13D/A · Filed: Mar 21, 2024 · CIK: 1793855
| Field | Detail |
|---|---|
| Company | Abrdn Global Infrastructure Income Fund (ASGI) |
| Form Type | SC 13D/A |
| Filed Date | Mar 21, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.001, $44,672,612 |
| Sentiment | neutral |
Sentiment: neutral
Topics: sec-filing, 13d-amendment, shareholder-activity
TL;DR
Saba Capital updated its filing for abrdn Global Infrastructure Income Fund. Watch this space.
AI Summary
Saba Capital Management, L.P. has filed an amendment (SC 13D/A) on March 21, 2024, regarding their holdings in abrdn Global Infrastructure Income Fund. The filing indicates a change in their beneficial ownership, though specific new dollar amounts or percentage changes are not detailed in this excerpt. Saba Capital Management, L.P. is based in New York.
Why It Matters
This filing signals a potential shift in the investment strategy or stake of a significant shareholder in the abrdn Global Infrastructure Income Fund, which could influence the fund's future performance and management.
Risk Assessment
Risk Level: medium — Changes in significant shareholder filings can indicate potential activist involvement or shifts in fund strategy, which may introduce volatility.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filing party
- abrdn Global Infrastructure Income Fund (company) — Subject company
- Boaz R. Weinstein (person) — Group member of filing party
FAQ
What is the specific change in beneficial ownership reported in this SC 13D/A filing?
This excerpt does not specify the exact change in beneficial ownership, only that an amendment has been filed on March 21, 2024.
Who is the filing party for this SC 13D/A amendment?
The filing party is Saba Capital Management, L.P.
What is the subject company of this filing?
The subject company is abrdn Global Infrastructure Income Fund.
When was this amendment filed with the SEC?
This amendment was filed on March 21, 2024.
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.
Filing Stats: 1,294 words · 5 min read · ~4 pages · Grade level 12.4 · Accepted 2024-03-21 08:09:46
Key Financial Figures
- $0.001 — Fund (Name of Issuer) Common Shares, $0.001 par value (Title of Class of Securiti
- $44,672,612 — ported herein. A total of approximately $44,672,612 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 57KB
- 0001062993-24-006908.txt ( ) — 59KB
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: March 21, 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. 00326W106 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 2/21/2024 Buy 22,551 17.21 3/7/2024 Buy 34,557 17.61 3/11/2024 Buy 1,087 17.69 3/12/2024 Buy 189,289 17.60 3/19/2024 Buy 36,975 17.75