Saba Capital Amends Ellsworth Growth & Income Fund Filing
Ticker: ECF-PA · Form: SC 13D/A · Filed: Jun 10, 2024 · CIK: 793040
| Field | Detail |
|---|---|
| Company | Ellsworth Growth & Income Fund Ltd (ECF-PA) |
| Form Type | SC 13D/A |
| Filed Date | Jun 10, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01, $7,063,882 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 13D-filing, ownership-change, closed-end-fund
TL;DR
Saba Capital updated its 13D on Ellsworth Growth & Income Fund. Keep an eye on this.
AI Summary
Saba Capital Management, L.P. has filed an amendment (Amendment No. 1) to its Schedule 13D, indicating a change in its beneficial ownership of Ellsworth Growth & Income Fund Ltd. The filing, dated June 10, 2024, details Saba Capital's stake in the company. Boaz R. Weinstein is also listed as a group member in relation to this filing.
Why It Matters
This filing signals a potential shift in control or strategy for Ellsworth Growth & Income Fund Ltd. as a significant investor updates its holdings.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede activist campaigns or significant corporate actions, introducing uncertainty.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filing entity
- Ellsworth Growth & Income Fund Ltd (company) — Subject company
- Boaz R. Weinstein (person) — Group member
FAQ
What is the specific percentage of beneficial ownership Saba Capital Management, L.P. holds in Ellsworth Growth & Income Fund Ltd. as of this filing?
The provided text does not specify the exact percentage of beneficial ownership.
What was the previous beneficial ownership percentage reported by Saba Capital Management, L.P. for Ellsworth Growth & Income Fund Ltd.?
The provided text does not state the previous beneficial ownership percentage.
What is the CUSIP number for Ellsworth Growth & Income Fund Ltd. Common Shares?
The CUSIP number for Ellsworth Growth & Income Fund Ltd. Common Shares is 289074106.
When was the previous name of Ellsworth Growth & Income Fund Ltd. changed?
The company was formerly known as Ellsworth Fund Ltd. and the date of name change was March 30, 2006. It was also formerly known as Ellsworth Convertible Growth & Income Fund Inc. with a date of name change of July 03, 1992.
What is the business address and phone number for Saba Capital Management, L.P.?
Saba Capital Management, L.P.'s business address is 405 Lexington Avenue, 58th Floor, New York, NY 10174, and their business phone number is 212-542-4635.
Filing Stats: 1,325 words · 5 min read · ~4 pages · Grade level 11.3 · Accepted 2024-06-10 11:07:38
Key Financial Figures
- $0.01 — LTD (Name of Issuer) Common Shares, $0.01 par value (Title of Class of Securiti
- $7,063,882 — ported herein. A total of approximately $7,063,882 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 51KB
- 0001062993-24-012262.txt ( ) — 53KB
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 10, 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. 289074106 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 on 5/13/24. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 5/16/2024 Buy 1,197 8.04 5/17/2024 Buy 2,157 8.09 5/20/2024 Buy 1,701 8.13 5/22/2024 Buy 14,247 8.19 5/24/2024 Buy 7,044 8.12 5/29/2024 Buy 1,324 8.09 5/30/2024 Buy 880 8.02 6/4/2024 Buy 28,488 8.15 6/5/2024 Buy 43,145 8.27 6/6/2024 Buy 47,282 8.33 6/7/2024 Buy 1,105 8.26