Saba Capital Management Amends abrdn Healthcare Investors Filing
Ticker: HQH · Form: SC 13D/A · Filed: May 3, 2024 · CIK: 805267
| Field | Detail |
|---|---|
| Company | Abrdn Healthcare Investors (HQH) |
| Form Type | SC 13D/A |
| Filed Date | May 3, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01, $51,216,191 |
| Sentiment | neutral |
Sentiment: neutral
Topics: amendment, shareholder-filing, activist-investor
TL;DR
Saba Capital updated their stake in abrdn Healthcare Investors. Watch this space.
AI Summary
Saba Capital Management, L.P. filed an amendment (SC 13D/A) on May 3, 2024, regarding their holdings in abrdn Healthcare Investors. The filing indicates a change in their beneficial ownership of the company's common shares. Saba Capital Management, L.P. is based in New York and has been actively involved with abrdn Healthcare Investors.
Why It Matters
This amendment signals a potential shift in control or strategy for abrdn Healthcare Investors, as a significant shareholder has updated their filing.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings often indicate changes in activist investor strategies or significant stake adjustments, which can lead to increased volatility.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filing entity
- abrdn Healthcare Investors (company) — Subject company
- Boaz R. Weinstein (person) — Group member of Saba Capital Management
- SABA CAPITAL MANAGEMENT GP, LLC (company) — Group member of Saba Capital Management
FAQ
What is the specific change in beneficial ownership reported in this SC 13D/A filing?
The filing is an amendment (Amendment No. 1) to a previous SC 13D filing, indicating a change in beneficial ownership, but the exact percentage or number of shares is not detailed in the provided header information.
When was this amendment filed with the SEC?
This amendment was filed on May 3, 2024.
Who is the subject company of this filing?
The subject company is abrdn Healthcare Investors.
What is the CUSIP number for abrdn Healthcare Investors' common shares?
The CUSIP number for the common shares of abrdn Healthcare Investors is 87911J103.
What is the business address of Saba Capital Management, L.P.?
The business address of Saba Capital Management, L.P. is 405 Lexington Avenue, 58th Floor, New York, NY 10174.
Filing Stats: 1,345 words · 5 min read · ~4 pages · Grade level 10.8 · Accepted 2024-05-03 07:15:52
Key Financial Figures
- $0.01 — tors (Name of Issuer) Common Shares, $0.01 par value (Title of Class of Securiti
- $51,216,191 — ported herein. A total of approximately $51,216,191 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 71KB
- 0001062993-24-009284.txt ( ) — 73KB
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: May 3, 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. 87911J103 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 on 3/15/24. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 4/3/2024 Buy 29,450 16.46 4/4/2024 Buy 24,100 16.47 4/5/2024 Buy 13,041 16.34 4/8/2024 Buy 24,670 16.40 4/10/2024 Buy 19,110 16.25 4/11/2024 Buy 2,487 16.27 4/12/2024 Buy 24,487 16.07 4/15/2024 Buy 64,408 16.09 4/19/2024 Buy 41,302 15.84 4/22/2024 Buy 2,925 15.93 4/24/2024 Buy 21,283 16.14 4/25/2024 Buy 95,473 16.03 4/26/2024 Buy 23,389 16.11 4/29/2024 Buy 2,014 16.17 4/30/2024 Buy 16,004 16.22 5/1/2024 Buy 156,627 16.18 5/2/2024 Buy 17,090 16.52