Saba Capital Management Amends 13D Filing for MFS Municipal Trust
Ticker: CXH · Form: SC 13D/A · Filed: May 1, 2024 · CIK: 847411
| Field | Detail |
|---|---|
| Company | Mfs Investment Grade Municipal Trust (CXH) |
| Form Type | SC 13D/A |
| Filed Date | May 1, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $2,317,361 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, sec-filing, municipal-bonds
TL;DR
Saba Capital updated its stake in MFS 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 for MFS Investment Grade Municipal Trust, as of May 1, 2024. The filing indicates changes in beneficial ownership, with Saba Capital Management GP, LLC and Boaz R. Weinstein listed as group members. The filing does not specify dollar amounts or exact share changes in this amendment.
Why It Matters
This filing updates ownership information for a significant institutional investor in MFS Investment Grade Municipal Trust, potentially signaling changes in strategy or influence.
Risk Assessment
Risk Level: medium — Schedule 13D/A filings often indicate activist investor activity or significant shifts in major holdings, which can lead to increased volatility.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filing entity
- MFS Investment Grade Municipal Trust (company) — Subject company
- Boaz R. Weinstein (person) — Group member
- Saba Capital Management GP, LLC (company) — Group member
- Michael D'Angelo (person) — Contact person
FAQ
What specific changes in beneficial ownership are detailed in this Amendment No. 4?
This amendment (Amendment No. 4) to the Schedule 13D/A does not specify the exact changes in beneficial ownership or dollar amounts in the provided text.
Who are the key entities involved in this filing?
The key entities are Saba Capital Management, L.P. (the filer), MFS Investment Grade Municipal Trust (the subject company), and group members Boaz R. Weinstein and Saba Capital Management GP, LLC.
What is the CUSIP number for MFS Investment Grade Municipal Trust?
The CUSIP number for MFS Investment Grade Municipal Trust is 59318B108.
When was this filing submitted?
This filing was submitted on May 1, 2024.
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.
Filing Stats: 1,304 words · 5 min read · ~4 pages · Grade level 12.7 · Accepted 2024-05-01 08:47:31
Key Financial Figures
- $2,317,361 — ported herein. A total of approximately $2,317,361 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 59KB
- 0001062993-24-009126.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: May 1, 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. 59318B108 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 Ticker Buy/Sell Shares Price 4/29/2024 CXH Sell 17,013 7.33 4/30/2024 CXH Sell 55,249 7.31