Saba Capital Management Amends Filing for Calamos Trust
Ticker: CPZ · Form: SC 13D/A · Filed: Dec 6, 2024 · CIK: 1717457
| Field | Detail |
|---|---|
| Company | Calamos Long/Short Equity & Dynamic Income Trust (CPZ) |
| Form Type | SC 13D/A |
| Filed Date | Dec 6, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $14,350,510 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, amendment, filing-update
TL;DR
Saba Capital filed an update on Calamos trust - watch for potential moves.
AI Summary
Saba Capital Management, L.P. filed an amendment (SC 13D/A) on December 6, 2024, regarding their holdings in Calamos Long/Short Equity & Dynamic Income Trust. The filing indicates a change in their reporting status or holdings, with Saba Capital Management GP, LLC also listed as a group member. The filing does not disclose specific new dollar amounts or percentage changes in this amendment.
Why It Matters
This amendment signals potential shifts in activist investor Saba Capital's stake or strategy concerning the Calamos trust, which could influence the trust's future performance or corporate actions.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings by activist investors like Saba Capital can precede significant corporate actions or changes in strategy, introducing uncertainty.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filing entity
- Calamos Long/Short Equity & Dynamic Income Trust (company) — Subject company
- Saba Capital Management GP, LLC (company) — Group member
- 20241206 (date) — Filing date
FAQ
What specific changes are detailed in this SC 13D/A filing by Saba Capital Management?
The filing is an amendment (Amendment No. 1) to a Schedule 13D, indicating a change in reporting status or holdings, but the specific details of the changes are not provided in the header information.
Who are the group members listed in this filing?
The group members listed are Boaz R. Weinstein and Saba Capital Management GP, LLC.
What is the Central Index Key (CIK) for Calamos Long/Short Equity & Dynamic Income Trust?
The CIK for Calamos Long/Short Equity & Dynamic Income Trust is 0001717457.
What is the business address and phone number for Saba Capital Management, L.P.?
Saba Capital Management, L.P.'s business address is 405 Lexington Avenue, 58th Floor, New York, NY 10174, and their business phone number is 212-542-4635.
When was the company formerly known as Calamos Long/Short Equity & Income 2028 Term Trust?
The company was formerly known as Calamos Long/Short Equity & Income 2028 Term Trust and its name change date was 20170919.
Filing Stats: 1,295 words · 5 min read · ~4 pages · Grade level 12.8 · Accepted 2024-12-06 17:30:43
Key Financial Figures
- $14,350,510 — ported herein. A total of approximately $14,350,510 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 51KB
- 0001062993-24-020211.txt ( ) — 53KB
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: December 6, 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. 12812C106 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 10/10/2024 Sell 3,466 15.72 11/13/2024 Sell 9,773 15.57 11/22/2024 Sell 2,550 15.53 12/4/2024 Sell 29,350 15.64