Saba Capital Management Amends 13D Filing for MFS High Income Municipal Trust
Ticker: CXE · Form: SC 13D/A · Filed: Apr 25, 2024 · CIK: 845606
| Field | Detail |
|---|---|
| Company | Mfs High Income Municipal Trust (CXE) |
| Form Type | SC 13D/A |
| Filed Date | Apr 25, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $7,891,922 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, ownership-filing, municipal-bonds
TL;DR
Saba Capital just updated its 13D for MFS High Income Municipal Trust. Watch this space.
AI Summary
Saba Capital Management, L.P. has filed an amendment (Amendment No. 2) to its Schedule 13D on April 25, 2024, regarding MFS High Income Municipal Trust. The filing indicates a change in the reporting of beneficial ownership, with Saba Capital Management, L.P. now reporting its holdings. The specific dollar amounts and exact percentage of shares owned are not detailed in this excerpt.
Why It Matters
This filing signals a potential shift in the shareholder landscape of MFS High Income Municipal Trust, as a significant investment firm updates its ownership disclosures.
Risk Assessment
Risk Level: medium — Changes in beneficial ownership filings can indicate activist intentions or significant portfolio adjustments by large investors.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filer of the Schedule 13D/A
- MFS High Income Municipal Trust (company) — Subject company of the filing
- Michael D'Angelo (person) — Contact person for Saba Capital Management, L.P.
FAQ
What is the specific date of the change in beneficial ownership reported in this filing?
The date as of change is reported as 20240425.
Who is the subject company of this SC 13D/A filing?
The subject company is MFS High Income Municipal Trust.
What is the filing type and amendment number?
The filing type is SC 13D/A, and this is Amendment No. 2.
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.
Who is listed as a group member in this filing?
Boaz R. Weinstein and Saba Capital Management GP, LLC are listed as group members.
Filing Stats: 1,322 words · 5 min read · ~4 pages · Grade level 11.6 · Accepted 2024-04-25 08:40:13
Key Financial Figures
- $7,891,922 — ported herein. A total of approximately $7,891,922 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 60KB
- 0001062993-24-008774.txt ( ) — 61KB
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: April 25, 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. 59318D104 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 3/5/2024 Buy 25,009 3.60 3/6/2024 Buy 1,475 3.61 3/8/2024 Buy 5,601 3.62 3/11/2024 Buy 15,381 3.63 3/13/2024 Buy 25,544 3.62 3/14/2024 Buy 9,743 3.57 4/11/2024 Buy 29,876 3.51 4/22/2024 Buy 36,254 3.49 4/23/2024 Buy 12,287 3.49 4/24/2024 Buy 18,431 3.50