Saba Capital Amends Ellsworth Growth & Income Fund Filing
Ticker: ECF-PA · Form: SC 13D/A · Filed: Jul 19, 2024 · CIK: 793040
| Field | Detail |
|---|---|
| Company | Ellsworth Growth & Income Fund Ltd (ECF-PA) |
| Form Type | SC 13D/A |
| Filed Date | Jul 19, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01, $10,099,393 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, filing-amendment, closed-end-fund
TL;DR
Saba Capital updated its 13D filing for Ellsworth Growth & Income Fund. Watch for potential changes.
AI Summary
Saba Capital Management, L.P. filed an amendment (No. 3) to its Schedule 13D on July 19, 2024, regarding its holdings in Ellsworth Growth & Income Fund Ltd. The filing indicates a change in the reporting person's beneficial ownership of the issuer's common shares.
Why It Matters
This amendment signals a potential shift in Saba Capital's strategy or stake in Ellsworth Growth & Income Fund, which could influence the fund's future operations or stock performance.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings often indicate changes in activist investor positions, which can lead to increased volatility or strategic shifts for the target company.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Reporting Person
- Ellsworth Growth & Income Fund Ltd (company) — Subject Company
- Boaz R. Weinstein (person) — Group Member
FAQ
What specific changes are detailed in Amendment No. 3 to the Schedule 13D?
The filing is an amendment to the Schedule 13D, indicating a change in the reporting person's beneficial ownership, but the specific details of the change are not provided in the header information.
Who is the reporting person filing this amendment?
Saba Capital Management, L.P. is the reporting person filing this amendment.
What is the subject company of this filing?
The subject company is Ellsworth Growth & Income Fund Ltd.
When was this amendment filed with the SEC?
This amendment was filed on July 19, 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: 1,329 words · 5 min read · ~4 pages · Grade level 11.3 · Accepted 2024-07-19 12:54:23
Key Financial Figures
- $0.01 — LTD (Name of Issuer) Common Shares, $0.01 par value (Title of Class of Securiti
- $10,099,393 — ported herein. A total of approximately $10,099,393 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 52KB
- 0001062993-24-013953.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: July 19, 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/A on 6/21/24. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 6/21/2024 Buy 7,427 8.13 6/26/2024 Buy 7,686 8.12 6/28/2024 Buy 19,403 8.23 7/2/2024 Buy 23,649 8.24 7/5/2024 Buy 17,065 8.29 7/12/2024 Buy 34,188 8.46 7/15/2024 Buy 14,381 8.50 7/16/2024 Buy 6,173 8.58 7/17/2024 Buy 65,193 8.58