Saba Capital Amends 13D Filing for Eaton Vance Muni Trust
Ticker: CEV · Form: SC 13D/A · Filed: Sep 27, 2024 · CIK: 1074692
| Field | Detail |
|---|---|
| Company | Eaton Vance California Municipal Income Trust (CEV) |
| Form Type | SC 13D/A |
| Filed Date | Sep 27, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01, $8,702,745 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, sec-filing, amendment
TL;DR
SABA CAPITAL AMENDS 13D ON EATON VANCE CALIF MUNI TRUST - MORE MOVES COMING?
AI Summary
Saba Capital Management, L.P. filed an amendment (No. 4) to its Schedule 13D on September 26, 2024, regarding Eaton Vance California Municipal Income Trust. The filing indicates changes in beneficial ownership of the issuer's common shares, with Saba Capital Management, L.P. listed as the filer. The filing is an amendment to a previous filing, suggesting ongoing activity or changes in Saba's stake or strategy concerning the trust.
Why It Matters
This amendment signals potential shifts in activist investor Saba Capital's involvement with the Eaton Vance California Municipal Income Trust, which could impact the trust's management or shareholder value.
Risk Assessment
Risk Level: medium — Amendments to 13D filings often indicate increased activist investor activity, which can lead to volatility and strategic changes for the target company.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filer of the Schedule 13D/A
- Eaton Vance California Municipal Income Trust (company) — Subject company of the filing
- Michael D'Angelo (person) — Contact person for Saba Capital Management, L.P.
FAQ
What specific changes in beneficial ownership are detailed in this amendment?
The filing is an amendment (No. 4) to a Schedule 13D, indicating changes in beneficial ownership, but the specific details of the changes are not provided in the header information.
What is the CUSIP number for Eaton Vance California Municipal Income Trust's common shares?
The CUSIP number for the common shares of Eaton Vance California Municipal Income Trust is 27826F101.
Who is authorized to receive notices and communications for this filing?
Michael D'Angelo of Saba Capital Management, L.P. is authorized to receive notices and communications.
What is the date of the event that requires this filing?
The date of the event which requires filing of this statement is September 26, 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: 1,318 words · 5 min read · ~4 pages · Grade level 12.2 · Accepted 2024-09-27 16:57:59
Key Financial Figures
- $0.01 — TRUST (Name of Issuer) Common Shares, $0.01 par value (Title of Class of Securities
- $8,702,745 — ported herein. A total of approximately $8,702,745 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 56KB
- 0001062993-24-017027.txt ( ) — 57KB
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 27, 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 since the filing of the Schedule 13D/A on 9/19/24. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 9/19/2024 Sell 31,052 10.87 9/23/2024 Sell 15,017 10.83 9/24/2024 Sell 10,480 10.81 9/26/2024 Sell 21,340 10.80