Saba Capital Amends Filing for GAMCO Natural Resources Trust
Ticker: GNT-PA · Form: SC 13D/A · Filed: Jun 7, 2024 · CIK: 1438893
| Field | Detail |
|---|---|
| Company | Gamco Natural Resources, Gold & Income Trust (GNT-PA) |
| Form Type | SC 13D/A |
| Filed Date | Jun 7, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.001, $8,971,688 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, amendment, shareholder-filing
TL;DR
Saba Capital updated its filing for GAMCO Natural Resources Trust. Watch for potential moves.
AI Summary
Saba Capital Management, L.P. filed an amendment (SC 13D/A) on June 7, 2024, regarding their holdings in GAMCO Natural Resources, Gold & Income Trust. The filing indicates a change in their beneficial ownership, though specific new percentages or dollar amounts are not detailed in this excerpt. This amendment follows previous filings by Saba Capital concerning the same issuer.
Why It Matters
This filing signals a potential shift in significant shareholder activity or strategy for GAMCO Natural Resources, Gold & Income Trust, which could influence its stock performance.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings often indicate changes in a significant shareholder's stake or intentions, which can introduce volatility.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filing entity
- GAMCO Natural Resources, Gold & Income Trust (company) — Subject company
- Boaz R. Weinstein (person) — Group member of Saba Capital
FAQ
What specific changes in beneficial ownership are detailed in this SC 13D/A filing?
This excerpt does not specify the exact changes in beneficial ownership, only that an amendment has been filed.
When was this amendment filed with the SEC?
The amendment was filed on June 7, 2024.
Who is the subject company of this filing?
The subject company is GAMCO Natural Resources, Gold & Income Trust.
What is the Central Index Key (CIK) for GAMCO Natural Resources, Gold & Income Trust?
The CIK for GAMCO Natural Resources, Gold & Income Trust is 0001438893.
What is the business address of Saba Capital Management, L.P.?
The business address for Saba Capital Management, L.P. is 405 Lexington Avenue, 58th Floor, New York, NY 10174.
Filing Stats: 1,301 words · 5 min read · ~4 pages · Grade level 12 · Accepted 2024-06-07 10:34:13
Key Financial Figures
- $0.001 — rust (Name of Issuer) Common Shares, $0.001 par value (Title of Class of Securiti
- $8,971,688 — ported herein. A total of approximately $8,971,688 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 58KB
- 0001062993-24-012146.txt ( ) — 60KB
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 7, 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. 36465E101 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 during the past sixty days. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 5/28/2024 Buy 21,488 5.47 5/29/2024 Buy 8,600 5.45 5/30/2024 Buy 22,904 5.48 6/3/2024 Buy 7,868 5.48 6/5/2024 Buy 103,519 5.48 6/6/2024 Buy 40,788 5.52