Saba Capital Management Files 13D on BNY Mellon Muni Bond Fund
Ticker: DMB · Form: SC 13D · Filed: Jun 12, 2024 · CIK: 1565381
| Field | Detail |
|---|---|
| Company | Bny Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) |
| Form Type | SC 13D |
| Filed Date | Jun 12, 2024 |
| Risk Level | medium |
| Pages | 8 |
| Reading Time | 10 min |
| Key Dollar Amounts | $0.001, $10,479,151 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 13D-filing, activist-investor, municipal-bonds
TL;DR
**SABA CAPITAL TAKES NEW STAKE IN BNY MELLON MUNI BOND FUND**
AI Summary
Saba Capital Management, L.P. has filed a Schedule 13D regarding BNY Mellon Municipal Bond Infrastructure Fund, Inc. The filing, dated June 12, 2024, indicates a change in beneficial ownership. Saba Capital Management, L.P. is based in New York and previously held a different stake in the company.
Why It Matters
This filing signals a potential shift in control or strategy for the BNY Mellon Municipal Bond Infrastructure Fund, Inc., as a significant investor has updated its holdings.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede activist campaigns or significant trading activity, indicating potential volatility.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filing entity
- BNY Mellon Municipal Bond Infrastructure Fund, Inc. (company) — Subject company
- Boaz R. Weinstein (person) — Group member of Saba Capital Management
FAQ
Who is filing this Schedule 13D?
Saba Capital Management, L.P. is filing this Schedule 13D.
What company is the subject of this filing?
The subject company is BNY Mellon Municipal Bond Infrastructure Fund, Inc.
When was this filing made?
This filing was made on June 12, 2024.
What is the former name of the subject company?
The subject company was formerly known as Dreyfus Municipal Bond Infrastructure Fund, Inc. and Dreyfus Municipal Infrastructure Fund, Inc.
Where is Saba Capital Management, L.P. located?
Saba Capital Management, L.P. is located in New York.
Filing Stats: 2,438 words · 10 min read · ~8 pages · Grade level 13 · Accepted 2024-06-12 08:03:52
Key Financial Figures
- $0.001 — Inc (Name of Issuer) Common Shares, $0.001 par value (Title of Class of Securiti
- $10,479,151 — ported herein. A total of approximately $10,479,151 was paid to acquire the Common Shares r
Filing Documents
- formsc13d.htm (SC 13D) — 93KB
- exhibit1.htm (EX-1) — 5KB
- 0001062993-24-012443.txt ( ) — 100KB
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: June 12, 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. 09662W109 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 4/23/2024 Buy 4,587 10.05 4/25/2024 Buy 34,015 9.99 5/2/2024 Buy 57,800 10.04 5/3/2024 Buy 3,648 10.13 5/6/2024 Buy 6,941 10.16 5/8/2024 Buy 300 10.25 5/9/2024 Buy 12,734 10.28 5/10/2024 Buy 46,232 10.28 5/14/2024 Buy 31,340 10.24 5/21/2024 Buy 71,814 10.29 5/21/2024 Buy 155,000 10.30 5/28/2024 Buy 19,883 10.19 5/30/2024 Buy 45,403 10.10 6/3/2024 Buy 2,823 10.17 6/5/2024 Buy 13,068 10.30 6/6/2024 Buy 74,148 10.35 6/7/2024 Buy 50,879 10.34 6/10/2024 Buy 36,485 10.34 6/11/2024 Buy 51,564 10.38