Saba Capital Management Amends 13D Filing for General American Investors
Ticker: GAM-PB · Form: SC 13D/A · Filed: Nov 26, 2024 · CIK: 40417
| Field | Detail |
|---|---|
| Company | General American Investors Co Inc (GAM-PB) |
| Form Type | SC 13D/A |
| Filed Date | Nov 26, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 5 min |
| Key Dollar Amounts | $1.00, $77,262,651 |
| Sentiment | neutral |
Sentiment: neutral
Topics: amendment, activist-investor, filing-update
TL;DR
Saba Capital Management added Boaz R. Weinstein to its 13D filing for General American Investors. Watch this space.
AI Summary
Saba Capital Management, L.P. filed an amendment (No. 1) to its Schedule 13D on November 26, 2024, regarding its holdings in General American Investors Company, Inc. The filing indicates a change in the reporting person's group members, specifically adding Boaz R. Weinstein. Saba Capital Management, L.P. is a Delaware-based entity with a business address at 405 Lexington Avenue, New York, NY.
Why It Matters
This amendment signals a potential shift in the strategic interests or control dynamics related to General American Investors Company, Inc., as Saba Capital Management, L.P. updates its filing with new group members.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings can indicate changes in activist investor strategies or potential shifts in control, warranting close monitoring.
Key Numbers
- 1 — Amendment Number (Indicates this is an update to a previous filing)
Key Players & Entities
- Saba Capital Management, L.P. (company) — Reporting person filing Schedule 13D/A
- General American Investors Company, Inc. (company) — Subject company of the filing
- Boaz R. Weinstein (person) — Added group member in the filing
- Michael D'Angelo (person) — Person authorized to receive notices for Saba Capital Management
FAQ
What is the specific nature of the change indicated by Amendment No. 1 to the Schedule 13D filing?
Amendment No. 1 indicates a change in the group members of the reporting person, Saba Capital Management, L.P., by adding Boaz R. Weinstein.
Who is the subject company of this Schedule 13D/A filing?
The subject company is General American Investors Company, Inc.
When was this amendment filed with the SEC?
The filing date for this amendment is November 26, 2024.
What is the business address of Saba Capital Management, L.P. as listed in the filing?
The business address for Saba Capital Management, L.P. is 405 Lexington Avenue, 58th Floor, New York, NY 10174.
Who is authorized to receive notices and communications for Saba Capital Management, L.P. regarding this filing?
Michael D'Angelo is the person authorized to receive notices and communications, with a listed phone number of (212) 542-4635.
Filing Stats: 1,359 words · 5 min read · ~5 pages · Grade level 11.4 · Accepted 2024-11-26 06:17:38
Key Financial Figures
- $1.00 — INC. (Name of Issuer) Common Shares, $1.00 par value (Title of Class of Securiti
- $77,262,651 — ported herein. A total of approximately $77,262,651 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 63KB
- 0001062993-24-019666.txt ( ) — 65KB
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: November 26, 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. 368802104 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 from the filing of the Schedule 13D on 10/28/24 to 11/22/24, the date of the event which required filing of this Schedule 13D/A. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 10/28/2024 Buy 19,032 53.40 10/29/2024 Buy 7,136 53.50 10/30/2024 Buy 8,526 53.92 11/1/2024 Buy 2,157 52.70 11/4/2024 Buy 2,547 52.52 11/7/2024 Buy 5,740 54.43 11/8/2024 Buy 2,593 54.70 11/14/2024 Buy 200 54.37 11/19/2024 Buy 116,678 49.67 11/20/2024 Buy 8,473 49.57 11/21/2024 Buy 10,978 49.72 11/22/2024 Buy 83,573 50.11