Saba Capital Amends Ellsworth Growth & Income Fund Filing
Ticker: ECF-PA · Form: SC 13D/A · Filed: Jun 21, 2024 · CIK: 793040
| Field | Detail |
|---|---|
| Company | Ellsworth Growth & Income Fund Ltd (ECF-PA) |
| Form Type | SC 13D/A |
| Filed Date | Jun 21, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01, $8,456,774 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, filing-amendment, closed-end-fund
Related Tickers: EBF
TL;DR
Saba Capital updated its 13D filing for EBF. Watch for potential moves.
AI Summary
Saba Capital Management, L.P. has filed an amendment (No. 2) to its Schedule 13D/A regarding Ellsworth Growth & Income Fund Ltd. The filing, dated June 21, 2024, indicates a change in the reporting person's holdings or intentions concerning the issuer's common shares.
Why It Matters
This amendment signals potential shifts in Saba Capital's strategy or stake in Ellsworth Growth & Income Fund, which could influence the fund's stock performance.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede significant corporate actions or changes in control, introducing uncertainty.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Reporting Person
- Ellsworth Growth & Income Fund Ltd (company) — Issuer
- Boaz R. Weinstein (person) — Group Member
FAQ
What specific changes are detailed in Amendment No. 2 to the Schedule 13D/A?
The filing does not specify the exact nature of the changes in this excerpt, only that it is an amendment to the Schedule 13D/A filed by Saba Capital Management, L.P. concerning Ellsworth Growth & Income Fund Ltd.
Who is the reporting person in this filing?
The reporting person is Saba Capital Management, L.P.
What is the subject company of this filing?
The subject company is Ellsworth Growth & Income Fund Ltd.
When was this amendment filed?
This amendment was filed on June 21, 2024.
What is the CUSIP number for the securities in question?
The CUSIP number for the Common Shares of Ellsworth Growth & Income Fund Ltd. is 289074106.
Filing Stats: 1,316 words · 5 min read · ~4 pages · Grade level 11.7 · Accepted 2024-06-21 10:39:49
Key Financial Figures
- $0.01 — LTD (Name of Issuer) Common Shares, $0.01 par value (Title of Class of Securiti
- $8,456,774 — ported herein. A total of approximately $8,456,774 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 53KB
- 0001062993-24-012859.txt ( ) — 55KB
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 21, 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 6/10/24. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 6/11/2024 Buy 17,991 8.29 6/12/2024 Buy 318 8.30 6/13/2024 Buy 30,289 8.21 6/14/2024 Buy 36,048 8.18 6/17/2024 Buy 21,956 8.18 6/18/2024 Buy 43,850 8.18 6/20/2024 Buy 19,624 8.11