Saba Capital Management Amends 13D Filing for Eaton Vance Trust
Ticker: CEV · Form: SC 13D/A · Filed: Oct 23, 2024 · CIK: 1074692
| Field | Detail |
|---|---|
| Company | Eaton Vance California Municipal Income Trust (CEV) |
| Form Type | SC 13D/A |
| Filed Date | Oct 23, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01, $7,086,712 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, sec-filing, amendment
TL;DR
Saba Capital updated its 13D filing for Eaton Vance CA Muni Income Trust. Watch for potential moves.
AI Summary
Saba Capital Management, L.P. filed an amendment (No. 6) to its Schedule 13D on October 23, 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 activist investor Saba Capital's strategy or stake in 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, especially amendments, often precede significant corporate actions or shifts in investor strategy, indicating potential volatility.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Reporting person filing amendment
- Eaton Vance California Municipal Income Trust (company) — Subject company
- Michael D'Angelo (person) — Person authorized to receive notices
- October 23, 2024 (date) — Filing date of amendment
FAQ
What specific changes are detailed in Amendment No. 6 to the Schedule 13D filing?
The filing is an amendment (No. 6) to the 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 of this Schedule 13D/A?
Saba Capital Management, L.P. is the entity filing the Schedule 13D/A.
What is the CUSIP number for the securities in question?
The CUSIP number for the Common Shares of Eaton Vance California Municipal Income Trust is 27826F101.
When was this amendment filed with the SEC?
This amendment was filed on October 23, 2024.
What is the business address of Saba Capital Management, L.P.?
The business address for Saba Capital Management, L.P. is 405 Lexington Avenue, 58th Floor, New York, NY 10174.
Filing Stats: 1,325 words · 5 min read · ~4 pages · Grade level 12.1 · Accepted 2024-10-23 13:34:47
Key Financial Figures
- $0.01 — RUST (Name of Issuer) Common Shares, $0.01 par value (Title of Class of Securiti
- $7,086,712 — ported herein. A total of approximately $7,086,712 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 58KB
- 0001062993-24-017888.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: October 23, 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 10/9/24. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 10/15/2024 Sell 5,500 10.69 10/21/2024 Sell 31,551 10.81 10/22/2024 Sell 39,473 10.68