Saba Capital Amends Filing for BNY Mellon Muni Bond Fund
Ticker: DSM · Form: SC 13D/A · Filed: Jul 9, 2024 · CIK: 855887
| Field | Detail |
|---|---|
| Company | Bny Mellon Strategic Municipal Bond Fund, INC. (DSM) |
| Form Type | SC 13D/A |
| Filed Date | Jul 9, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.001, $23,196,230 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, filing-amendment, municipal-bonds
TL;DR
Saba Capital updated its filing for BNY Mellon Muni Bond Fund - watch for changes.
AI Summary
Saba Capital Management, L.P. filed an amendment (SC 13D/A) on July 9, 2024, regarding their holdings in BNY Mellon Strategic Municipal Bond Fund, Inc. This filing indicates a change in their stake, though specific new percentage or dollar amounts are not detailed in this excerpt. The filing is an update to previous disclosures about their investment in the fund.
Why It Matters
This amendment signals potential shifts in activist investor Saba Capital's strategy or holdings concerning the BNY Mellon Strategic Municipal Bond Fund, Inc., which could influence the fund's future direction.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings often indicate changes in a significant shareholder's intentions or holdings, which can introduce volatility.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filing entity
- BNY Mellon Strategic Municipal Bond Fund, Inc. (company) — Subject company
- Boaz R. Weinstein (person) — Group member of Saba Capital
FAQ
What specific changes in holdings or intentions are detailed in this SC 13D/A filing?
This excerpt does not provide specific details on the exact changes in holdings or intentions, only that an amendment (Amendment No. 3) was filed on July 9, 2024.
What is the subject company of this filing?
The subject company is BNY Mellon Strategic Municipal Bond Fund, Inc.
Who is the entity filing the SC 13D/A amendment?
Saba Capital Management, L.P. is the entity filing the amendment.
When was this amendment filed?
This amendment was filed on July 9, 2024.
What was the former name of the subject company?
The subject company was formerly known as Dreyfus Strategic Municipal Bond Fund, Inc.
Filing Stats: 1,371 words · 5 min read · ~5 pages · Grade level 10.5 · Accepted 2024-07-09 08:23:34
Key Financial Figures
- $0.001 — INC (Name of Issuer) Common Shares, $0.001 par value (Title of Class of Securiti
- $23,196,230 — ported herein. A total of approximately $23,196,230 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 65KB
- 0001062993-24-013571.txt ( ) — 67KB
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: July 9, 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 since the filing of the Schedule 13D/A on 6/3/24. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 6/3/2024 Buy 2,373 5.72 6/5/2024 Buy 15,164 5.80 6/5/2024 Buy 100 5.81 6/6/2024 Buy 21,705 5.83 6/11/2024 Buy 2,000 5.80 6/11/2024 Buy 50,000 5.83 6/13/2024 Buy 27,481 5.88 6/14/2024 Buy 48,726 5.89 6/17/2024 Buy 17,952 5.86 6/18/2024 Buy 31,254 5.88 6/20/2024 Buy 49,775 5.85 6/20/2024 Buy 65,000 5.88 6/21/2024 Buy 62,666 5.84 6/24/2024 Buy 51,856 5.86 6/25/2024 Buy 10,961 5.86 6/26/2024 Buy 900 5.84 7/2/2024 Buy 25,462 5.87 7/5/2024 Buy 62,775 5.87