Saba Capital Management Files SC 13D on Calamos Trust
Ticker: CPZ · Form: SC 13D · Filed: Mar 18, 2024 · CIK: 1717457
| Field | Detail |
|---|---|
| Company | Calamos Long/Short Equity & Dynamic Income Trust (CPZ) |
| Form Type | SC 13D |
| Filed Date | Mar 18, 2024 |
| Risk Level | medium |
| Pages | 8 |
| Reading Time | 10 min |
| Key Dollar Amounts | $14,919,750 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-filing, ownership-change, sec-filing
TL;DR
**Saba Capital Management just filed a 13D on Calamos Long/Short Equity & Dynamic Income Trust. Watch this space.**
AI Summary
Saba Capital Management, L.P. filed an SC 13D on March 18, 2024, regarding Calamos Long/Short Equity & Dynamic Income Trust. The filing indicates a change in ownership or control, with Saba Capital Management, L.P. acting as the filer. The subject company is Calamos Long/Short Equity & Dynamic Income Trust, with its principal executive offices located in Naperville, IL.
Why It Matters
This filing signals a potential shift in the shareholder landscape of Calamos Long/Short Equity & Dynamic Income Trust, which could influence the trust's future strategy or governance.
Risk Assessment
Risk Level: medium — SC 13D filings often precede significant corporate actions or changes in control, introducing uncertainty and potential volatility.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filer of the SC 13D
- Calamos Long/Short Equity & Dynamic Income Trust (company) — Subject company of the SC 13D
- Boaz R. Weinstein (person) — Group member associated with the filing
- Saba Capital Management GP, LLC (company) — Group member associated with the filing
FAQ
What is the primary purpose of this SC 13D filing?
The filing is an SC 13D, which is typically used to report beneficial ownership of more than 5% of a company's voting securities, often indicating a significant stake or intention to influence the company.
Who is the entity filing this SC 13D?
Saba Capital Management, L.P. is the entity filing this SC 13D.
What is the name of the company that is the subject of this filing?
The subject company is Calamos Long/Short Equity & Dynamic Income Trust.
When was this SC 13D filing made?
The filing was made on March 18, 2024.
Are there any other individuals or entities listed as group members in this filing?
Yes, Boaz R. Weinstein and Saba Capital Management GP, LLC are listed as group members.
Filing Stats: 2,390 words · 10 min read · ~8 pages · Grade level 14.2 · Accepted 2024-03-18 12:39:43
Key Financial Figures
- $14,919,750 — ported herein. A total of approximately $14,919,750 was paid to acquire the Common Shares r
Filing Documents
- formsc13d.htm (SC 13D) — 66KB
- exhibit1.htm (EX-1) — 4KB
- 0001062993-24-006602.txt ( ) — 72KB
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: March 18, 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 Page 10 of 10 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 1/18/2024 Buy 6,973 14.84 2/7/2024 Buy 6,647 15.26 2/8/2024 Buy 39,479 15.27 2/23/2024 Buy 6,793 15.07 3/1/2024 Buy 10,670 15.09 3/6/2024 Buy 3,767 15.02 3/11/2024 Buy 28,144 15.00 3/12/2024 Buy 57,273 15.15 3/13/2024 Buy 14,761 15.06