Saba Capital Management Amends Gabelli Dividend & Income Trust Filing
Ticker: GDV-PK · Form: SC 13D/A · Filed: Oct 8, 2024 · CIK: 1260729
| Field | Detail |
|---|---|
| Company | Gabelli Dividend & Income Trust (GDV-PK) |
| Form Type | SC 13D/A |
| Filed Date | Oct 8, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.001, $123,684,370 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, filing-amendment, closed-end-fund
Related Tickers: GDV
TL;DR
Saba Capital just updated their stake in GABELLI DIVIDEND & INCOME TRUST. Watch this space.
AI Summary
Saba Capital Management, L.P. filed an amendment (SC 13D/A) on October 8, 2024, regarding their holdings in Gabelli Dividend & Income Trust. The filing indicates a change in their beneficial ownership, with Saba Capital Management, L.P. now holding a significant stake in the company's common shares.
Why It Matters
This amendment signals a potential shift in control or influence for Gabelli Dividend & Income Trust, as a significant investor has updated their stake.
Risk Assessment
Risk Level: medium — Schedule 13D filings often indicate activist investor intentions or significant stake changes, which can lead to volatility.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filing entity
- Gabelli Dividend & Income Trust (company) — Subject company
- Michael D'Angelo (person) — Authorized contact for Saba Capital Management
- Boaz R. Weinstein (person) — Group member associated with the filing
FAQ
What is the specific date of the event requiring this Schedule 13D/A filing?
The date of the event which requires filing of this statement is October 7, 2024.
Who is the subject company in this filing?
The subject company is Gabelli Dividend & Income Trust.
Who is the entity filing this Schedule 13D/A?
The entity filing is Saba Capital Management, L.P.
What is the CUSIP number for the securities in question?
The CUSIP number is 36242H104.
Who is authorized to receive notices and communications for the filing person?
Michael D'Angelo at Saba Capital Management, L.P. is authorized to receive notices and communications.
Filing Stats: 1,405 words · 6 min read · ~5 pages · Grade level 9.2 · Accepted 2024-10-08 15:33:53
Key Financial Figures
- $0.001 — RUST (Name of Issuer) Common Shares, $0.001 par value (Title of Class of Securiti
- $123,684,370 — ported herein. A total of approximately $123,684,370 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 70KB
- 0001062993-24-017476.txt ( ) — 72KB
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: October 8, 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. 36242H104 SCHEDULE 13D 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 during the past sixty days. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 8/9/2024 Buy 1,813 22.76 8/14/2024 Buy 6,560 22.97 8/15/2024 Buy 16,465 23.27 8/19/2024 Buy 7,647 23.43 8/21/2024 Buy 6,070 23.50 8/22/2024 Buy 130,043 23.52 8/23/2024 Buy 21,795 23.68 8/26/2024 Buy 42,955 23.86 8/27/2024 Buy 4,297 23.81 8/28/2024 Buy 7,587 23.79 8/29/2024 Buy 1,172 23.84 8/30/2024 Buy 1,000 23.94 9/3/2024 Buy 50,913 23.87 9/10/2024 Buy 9,426 23.37 9/11/2024 Buy 25,337 23.19 9/13/2024 Buy 15,802 23.80 9/16/2024 Buy 24,102 23.91 9/17/2024 Buy 49,466 24.06 9/18/2024 Buy 4,900 24.19 9/19/2024 Buy 11,380 24.33 9/20/2024 Buy 35,199 24.34 9/23/2024 Buy 41,057 24.32 9/24/2024 Buy 16,441 24.39 9/25/2024 Buy 46,495 24.35 9/26/2024 Buy 54,523 24.40 9/27/2024 Buy 24,653 24.37 9/30/2024 Buy 28,627 24.38 10/1/2024 Buy 74,272