Saba Capital Amends 13D Filing for Eaton Vance CA Muni Trust
Ticker: CEV · Form: SC 13D/A · Filed: Oct 9, 2024 · CIK: 1074692
| Field | Detail |
|---|---|
| Company | Eaton Vance California Municipal Income Trust (CEV) |
| Form Type | SC 13D/A |
| Filed Date | Oct 9, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01, $7,914,220 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, sec-filing, amendment
TL;DR
Saba Capital just updated its 13D filing for Eaton Vance CA Muni Trust. Watch this space.
AI Summary
Saba Capital Management, L.P. filed an amendment (No. 5) to its Schedule 13D on October 8, 2024, regarding its holdings in Eaton Vance California Municipal Income Trust. The filing indicates a change in the reporting person's beneficial ownership of the common shares of the issuer.
Why It Matters
This amendment signals potential shifts in significant shareholder positions and strategies concerning the Eaton Vance California Municipal Income Trust, which could influence the trust's future operations or shareholder value.
Risk Assessment
Risk Level: medium — Schedule 13D filings often indicate activist investor intentions or significant stake changes, which can lead to volatility.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Reporting Person
- Eaton Vance California Municipal Income Trust (company) — Issuer
- Michael D'Angelo (person) — Authorized Contact
FAQ
What is the specific nature of the change in beneficial ownership reported in Amendment No. 5?
The filing is an amendment to Schedule 13D, indicating a change in the reporting person's beneficial ownership, but the specific details of the change are not provided in the header information.
Who is the primary filer for this Schedule 13D/A?
Saba Capital Management, L.P. is the primary filer.
What is the CUSIP number for the securities in question?
The CUSIP number is 27826F101.
When was this amendment filed with the SEC?
The filing was made on October 9, 2024, with the date of the event requiring the filing being October 8, 2024.
What is the business address of Saba Capital Management, L.P.?
Saba Capital Management, L.P.'s business address is 405 Lexington Avenue, 58th Floor, New York, NY 10174.
Filing Stats: 1,323 words · 5 min read · ~4 pages · Grade level 12.1 · Accepted 2024-10-09 14:17:29
Key Financial Figures
- $0.01 — RUST (Name of Issuer) Common Shares, $0.01 par value (Title of Class of Securiti
- $7,914,220 — ported herein. A total of approximately $7,914,220 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 59KB
- 0001062993-24-017502.txt ( ) — 60KB
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: October 9, 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 9/27/24. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 9/27/2024 Sell 22,043 10.81 10/1/2024 Sell 25,913 10.90 10/3/2024 Sell 19,170 10.86 10/8/2024 Sell 5,793 10.79