Saba Capital Management Amends Filing for MFS High Income Municipal Trust
Ticker: CXE · Form: SC 13D/A · Filed: Oct 21, 2024 · CIK: 845606
| Field | Detail |
|---|---|
| Company | Mfs High Income Municipal Trust (CXE) |
| Form Type | SC 13D/A |
| Filed Date | Oct 21, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $7,953,503 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, sec-filing, municipal-bonds
TL;DR
Saba Capital Management updated its 13D filing for MFS High Income Municipal Trust. Keep an eye on this.
AI Summary
Saba Capital Management, L.P. has filed an amendment (Amendment No. 4) to its Schedule 13D/A regarding MFS High Income Municipal Trust. The filing, dated October 21, 2024, indicates a change in the reporting of beneficial ownership. Saba Capital Management, L.P. is based in New York, NY.
Why It Matters
This filing signals potential shifts in significant shareholder positions and strategies concerning MFS High Income Municipal Trust, which could influence the trust's market performance.
Risk Assessment
Risk Level: medium — Schedule 13D filings often indicate significant investor activity, which can lead to price volatility.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filing entity
- MFS High Income Municipal Trust (company) — Subject company
- Michael D'Angelo (person) — Contact person for Saba Capital Management
FAQ
What is the primary purpose of this SC 13D/A filing?
This filing is an amendment to Schedule 13D, indicating a change in the reporting of beneficial ownership of MFS High Income Municipal Trust by Saba Capital Management, L.P.
Who is filing this amendment?
Saba Capital Management, L.P. is filing this amendment.
What is the subject company of this filing?
The subject company is MFS High Income Municipal Trust.
When was this filing made?
The filing was made on October 21, 2024.
What is the 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: 1,322 words · 5 min read · ~4 pages · Grade level 11.8 · Accepted 2024-10-21 17:53:41
Key Financial Figures
- $7,953,503 — ported herein. A total of approximately $7,953,503 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 59KB
- 0001062993-24-017807.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: October 21, 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 10/1/2024 Sell 37,559 4.00 10/2/2024 Sell 97,042 3.96 10/4/2024 Sell 63,973 3.93 10/10/2024 Sell 101,432 3.93 10/11/2024 Sell 31,797 3.92 10/15/2024 Sell 89,715 3.92 10/18/2024 Sell 127,011 3.96