Saba Capital Amends Filing for BNY Mellon Muni Bond Fund
Ticker: DSM · Form: SC 13D/A · Filed: Jun 3, 2024 · CIK: 855887
| Field | Detail |
|---|---|
| Company | Bny Mellon Strategic Municipal Bond Fund, INC. (DSM) |
| Form Type | SC 13D/A |
| Filed Date | Jun 3, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.001, $19,996,753 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, amendment, municipal-bond-fund
TL;DR
Saba Capital updated its filing for BNY Mellon Muni Bond Fund. Watch for potential strategy changes.
AI Summary
Saba Capital Management, L.P. has filed an amendment (SC 13D/A) on June 3, 2024, regarding their holdings in BNY Mellon Strategic Municipal Bond Fund, Inc. This filing indicates a change in their beneficial ownership, though specific new holdings or dollar amounts are not detailed in this excerpt. The filing is an amendment to a previous Schedule 13D.
Why It Matters
This amendment signals a potential shift in Saba Capital's stake or strategy concerning the BNY Mellon Strategic Municipal Bond Fund, Inc., which could influence the fund's future performance or corporate actions.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings often indicate changes in activist investor positions or strategies, which can lead to increased volatility or corporate actions.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filer of the SC 13D/A amendment
- BNY Mellon Strategic Municipal Bond Fund, Inc. (company) — Subject company of the filing
- Boaz R. Weinstein (person) — Group member associated with Saba Capital
FAQ
What is the specific nature of the change in beneficial ownership reported in this SC 13D/A filing?
The filing is an amendment (Amendment No. 2) to a Schedule 13D, indicating a change in beneficial ownership, but the specific details of the change are not provided in this excerpt.
When was this SC 13D/A filing submitted to the SEC?
The filing was submitted on June 3, 2024.
Who is the subject company of this filing?
The subject company is BNY Mellon Strategic Municipal Bond Fund, Inc.
Who is the entity filing this SC 13D/A amendment?
Saba Capital Management, L.P. is the entity filing this amendment.
What was the former name of the subject company?
The former name of the subject company was Dreyfus Strategic Municipal Bond Fund, Inc.
Filing Stats: 1,343 words · 5 min read · ~4 pages · Grade level 11 · Accepted 2024-06-03 09:19:06
Key Financial Figures
- $0.001 — INC (Name of Issuer) Common Shares, $0.001 par value (Title of Class of Securiti
- $19,996,753 — ported herein. A total of approximately $19,996,753 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 62KB
- 0001062993-24-011605.txt ( ) — 64KB
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 3, 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. 09662E109 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 4/5/2024 Buy 48,872 5.74 4/24/2024 Buy 6,334 5.60 4/30/2024 Buy 47,090 5.59 5/2/2024 Buy 42,763 5.64 5/3/2024 Buy 57,255 5.70 5/9/2024 Buy 22,895 5.79 5/10/2024 Buy 74,084 5.78 5/15/2024 Buy 26,220 5.74 5/16/2024 Buy 32,709 5.74 5/23/2024 Buy 26,001 5.68 5/28/2024 Buy 27,250 5.69 5/29/2024 Buy 51,718 5.66 5/30/2024 Buy 56,677 5.66 5/31/2024 Buy 6,591 5.66