Saba Capital Management Files 13D for Gabelli Dividend & Income Trust
Ticker: GDV-PK · Form: SC 13D · Filed: Aug 1, 2024 · CIK: 1260729
| Field | Detail |
|---|---|
| Company | Gabelli Dividend & Income Trust (GDV-PK) |
| Form Type | SC 13D |
| Filed Date | Aug 1, 2024 |
| Risk Level | medium |
| Pages | 8 |
| Reading Time | 10 min |
| Key Dollar Amounts | $0.001, $101,710,119 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 13D-filing, activist-investor, closed-end-fund
Related Tickers: GAB
TL;DR
**SABA CAPITAL NOW OWNS SIGNIFICANT STAKE IN GABELLI DIVIDEND & INCOME TRUST - 13D FILED**
AI Summary
Saba Capital Management, L.P. filed a Schedule 13D on August 1, 2024, regarding their holdings in Gabelli Dividend & Income Trust. The filing indicates a change in beneficial ownership as of July 26, 2024. Saba Capital Management, L.P. is the filing entity, with Michael D'Angelo listed as the contact person.
Why It Matters
This filing signals a potential shift in the shareholder landscape of Gabelli Dividend & Income Trust, which could influence the trust's future strategy or governance.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede activist campaigns or significant strategic changes, introducing uncertainty.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filing entity
- Gabelli Dividend & Income Trust (company) — Subject company
- Michael D'Angelo (person) — Contact person for Saba Capital Management, L.P.
- 36242H104 (other) — CUSIP Number for Common Shares
FAQ
What is the specific date of the event requiring this Schedule 13D filing?
The date of the event which requires filing of this statement is July 26, 2024.
Who is the filing entity for this Schedule 13D?
The filing entity is Saba Capital Management, L.P.
What is the subject company of this filing?
The subject company is Gabelli Dividend & Income Trust.
What is the CUSIP number for the securities in question?
The CUSIP number is 36242H104 for the Common Shares.
Who is the authorized contact person for Saba Capital Management, L.P. regarding this filing?
Michael D'Angelo is the person authorized to receive notices and communications, with a telephone number of (212) 542-4635.
Filing Stats: 2,489 words · 10 min read · ~8 pages · Grade level 12 · Accepted 2024-08-01 14:35:58
Key Financial Figures
- $0.001 — RUST (Name of Issuer) Common Shares, $0.001 par value (Title of Class of Securiti
- $101,710,119 — ported herein. A total of approximately $101,710,119 was paid to acquire the Common Shares r
Filing Documents
- formsc13d.htm (SC 13D) — 113KB
- exhibit1.htm (EX-1) — 5KB
- 0001062993-24-014277.txt ( ) — 119KB
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: August 1, 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 10 of 10 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 6/4/2024 Buy 25,522 22.50 6/5/2024 Buy 68,865 22.72 6/6/2024 Buy 90,924 22.85 6/7/2024 Buy 37,153 22.88 6/11/2024 Buy 53,027 22.72 6/12/2024 Buy 67,809 22.89 6/13/2024 Buy 122,044 22.70 6/14/2024 Buy 71,543 22.48 6/17/2024 Buy 84,168 22.55 6/18/2024 Buy 16,889 22.64 6/20/2024 Buy 41,014 22.68 6/21/2024 Buy 32,825 22.54 6/25/2024 Buy 87,839 22.82 6/26/2024 Buy 55,995 22.81 6/27/2024 Buy 87,866 22.70 6/28/2024 Buy 54,779 22.73 7/1/2024 Buy 48,104 22.67 7/2/2024 Buy 56,906 22.65 7/3/2024 Buy 803 22.73 7/5/2024 Buy 69,921 22.81 7/8/2024 Buy 61,682 22.85 7/9/2024 Buy 23,873 22.84 7/10/2024 Buy 43,576 22.95 7/11/2024 Buy 52,179 23.13 7/12/2024 Buy 35,161 23.38 7/15/2024 Buy 45,905 23.56 7/16/2024 Buy 29,219 23.82 7/17/2024 Buy 100,810 23.76 7/18/2024 Buy