Saba Capital Management Amends 13D Filing for Eaton Vance Trust
Ticker: CEV · Form: SC 13D/A · Filed: Sep 19, 2024 · CIK: 1074692
| Field | Detail |
|---|---|
| Company | Eaton Vance California Municipal Income Trust (CEV) |
| Form Type | SC 13D/A |
| Filed Date | Sep 19, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01, $9,545,014 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, sec-filing, municipal-bonds
Related Tickers: EVV
TL;DR
SABA CAPITAL AMENDS 13D FOR EATON VANCE TRUST - OWNERSHIP CHANGE.
AI Summary
Saba Capital Management, L.P. filed an amendment (No. 3) to its Schedule 13D on September 19, 2024, regarding Eaton Vance California Municipal Income Trust. The filing indicates a change in beneficial ownership of the common shares of the issuer. Saba Capital Management, L.P. is based in New York, NY.
Why It Matters
This filing signals potential shifts in control or investment strategy for the Eaton Vance California Municipal Income Trust, which could impact its market performance and shareholder value.
Risk Assessment
Risk Level: medium — Schedule 13D filings often indicate significant stake-building or activist intentions, which can lead to volatility.
Key Numbers
- 3 — Amendment Number (Indicates this is the third amendment to the original filing.)
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filing party
- Eaton Vance California Municipal Income Trust (company) — Subject company
- Michael D'Angelo (person) — Authorized contact for Saba Capital Management
- 212-542-4635 (phone_number) — Contact number for Saba Capital Management
FAQ
What specific changes in beneficial ownership are detailed in this Amendment No. 3?
The filing does not specify the exact percentage or number of shares changed in this amendment, only that it is an amendment to the Schedule 13D.
What is the primary business of Eaton Vance California Municipal Income Trust?
The filing does not explicitly state the primary business, but the name suggests it is an income trust focused on California municipal bonds.
When was the event requiring this filing amendment?
The date of the event which requires filing of this statement is September 18, 2024.
Who is the authorized person to receive notices for Saba Capital Management, L.P.?
Michael D'Angelo at 405 Lexington Avenue, 58th Floor, New York, NY 10174, with a telephone number of (212) 542-4635.
What is the CUSIP number for the common shares of Eaton Vance California Municipal Income Trust?
The CUSIP number is 27826F101.
Filing Stats: 1,304 words · 5 min read · ~4 pages · Grade level 12.3 · Accepted 2024-09-19 15:18:12
Key Financial Figures
- $0.01 — TRUST (Name of Issuer) Common Shares, $0.01 par value (Title of Class of Securities
- $9,545,014 — ported herein. A total of approximately $9,545,014 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 57KB
- 0001062993-24-016781.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: September 19, 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. 27826F101 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 9/13/2024 Sell 23,665 11.03 9/16/2024 Sell 11,503 11.02 9/17/2024 Sell 15,685 10.99 9/18/2024 Sell 28,682 10.89