Saba Capital Amends BlackRock Tech Trust Filing
Ticker: BSTZ · Form: SC 13D/A · Filed: May 17, 2024 · CIK: 1768666
| Field | Detail |
|---|---|
| Company | Blackrock Science & Technology Term Trust (BSTZ) |
| Form Type | SC 13D/A |
| Filed Date | May 17, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.001, $111,347,279 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, filing-amendment, ownership-change
TL;DR
Saba Capital updated its stake in BlackRock Science & Technology Term Trust.
AI Summary
Saba Capital Management, L.P. filed an amendment (No. 3) to its Schedule 13D on May 17, 2024, regarding its holdings in BlackRock Science & Technology Term Trust. The filing indicates a change in the reporting person's beneficial ownership, though specific new ownership percentages or dollar amounts are not detailed in this excerpt.
Why It Matters
This amendment signals potential shifts in significant shareholder positions, which could influence the trust's strategy or market perception.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings often indicate changes in activist investor strategies or significant stake adjustments, which can introduce volatility.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Reporting Person
- BlackRock Science & Technology Term Trust (company) — Subject Company
- Boaz R. Weinstein (person) — Group Member
FAQ
What is the specific change in beneficial ownership reported by Saba Capital Management, L.P. in this amendment?
This excerpt does not specify the exact percentage or number of shares representing the change in beneficial ownership, only that an amendment has been filed.
What is the CUSIP number for BlackRock Science & Technology Term Trust's common shares?
The CUSIP number for the common shares of BlackRock Science & Technology Term Trust is 09260K101.
When was this Schedule 13D/A filing submitted?
The filing was submitted on May 17, 2024.
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.
What is the former name of BlackRock Science & Technology Term Trust?
The trust was formerly known as BlackRock Science & Technology Trust II, with name changes recorded on February 27, 2019, and February 21, 2019.
Filing Stats: 1,375 words · 6 min read · ~5 pages · Grade level 10 · Accepted 2024-05-17 08:25:47
Key Financial Figures
- $0.001 — rust (Name of Issuer) Common Shares, $0.001 par value (Title of Class of Securiti
- $111,347,279 — ported herein. A total of approximately $111,347,279 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 74KB
- 0001062993-24-010567.txt ( ) — 76KB
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 17, 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. 09260K101 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 3/22/2024 Buy 25,165 18.66 3/25/2024 Buy 51,281 18.84 3/26/2024 Buy 33,177 19.13 3/27/2024 Buy 131,957 19.16 3/28/2024 Buy 17,896 19.36 3/28/2024 Buy 5 19.35 4/2/2024 Buy 63,647 19.08 4/4/2024 Buy 89,627 19.25 4/8/2024 Buy 82,103 18.99 4/8/2024 Buy 10,486 18.97 4/9/2024 Buy 49,498 19.02 4/9/2024 Buy 2,000 19.02 4/11/2024 Buy 14,988 18.79 5/8/2024 Buy 1,375 18.08 5/9/2024 Buy 21,788 18.19 5/9/2024 Buy 3,489 18.20 5/10/2024 Buy 11,777 18.28 5/13/2024 Buy 71,114 18.33 5/14/2024 Buy 42,481 18.19 5/15/2024 Buy 57,763 18.45 5/16/2024 Buy 38,846 18.41