Saba Capital Management Files 13D/A Amendment for abrdn Healthcare Investors
Ticker: HQH · Form: SC 13D/A · Filed: Oct 22, 2024 · CIK: 805267
| Field | Detail |
|---|---|
| Company | Abrdn Healthcare Investors (HQH) |
| Form Type | SC 13D/A |
| Filed Date | Oct 22, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.01, $43,866,960 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-filing, ownership-change, sec-filing
TL;DR
SABA CAPITAL AMENDS 13D FOR ABRDN HEALTHCARE INVESTORS - OWNERSHIP CHANGE.
AI Summary
Saba Capital Management, L.P. filed an amendment (No. 2) to its Schedule 13D on October 22, 2024, regarding its holdings in abrdn Healthcare Investors. The filing indicates a change in the reporting person's beneficial ownership of the common shares of abrdn Healthcare Investors.
Why It Matters
This filing signals a potential shift in control or strategy for abrdn Healthcare Investors, as a significant shareholder has updated their disclosure.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede activist campaigns or significant trading activity, indicating potential volatility.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Reporting Person
- abrdn Healthcare Investors (company) — Subject Company
- Boaz R. Weinstein (person) — Group Member of Saba Capital Management
FAQ
What specific changes are detailed in Amendment No. 2 to the Schedule 13D?
The filing is an amendment to a Schedule 13D, indicating changes in the reporting person's beneficial ownership, but the specific details of the changes are not provided in the header information.
Who is the subject company and what is its ticker symbol?
The subject company is abrdn Healthcare Investors. The ticker symbol is not explicitly stated in the provided header information, but its CUSIP number is 87911J103.
When was this amendment filed with the SEC?
This amendment was filed on October 22, 2024.
What is the business address of abrdn Healthcare Investors?
The business address of abrdn Healthcare Investors is 1900 Market Street, Suite 200, Philadelphia, PA 19103.
Who is the filer and what is their address?
The filer is Saba Capital Management, L.P., located at 405 Lexington Avenue, 58th Floor, New York, NY 10174.
Filing Stats: 1,395 words · 6 min read · ~5 pages · Grade level 9.4 · Accepted 2024-10-22 16:23:07
Key Financial Figures
- $0.01 — tors (Name of Issuer) Common Shares, $0.01 par value (Title of Class of Securiti
- $43,866,960 — ported herein. A total of approximately $43,866,960 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 73KB
- 0001062993-24-017848.txt ( ) — 74KB
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 22, 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 during the past sixty days. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 8/23/2024 Sell 54,992 18.98 8/26/2024 Sell 13,590 19.04 8/27/2024 Sell 1,262 18.98 8/28/2024 Sell 2,427 19.04 8/29/2024 Sell 12,732 19.15 8/30/2024 Sell 2,934 19.08 9/6/2024 Sell 1,130 18.51 9/10/2024 Sell 19,748 18.69 9/11/2024 Sell 29,882 18.58 9/12/2024 Sell 3,938 18.74 9/13/2024 Sell 4,729 18.93 9/17/2024 Sell 11,213 19.17 9/18/2024 Sell 7,900 19.07 9/24/2024 Sell 14,946 18.85 9/25/2024 Sell 200 18.53 9/26/2024 Sell 47,372 18.46 9/27/2024 Sell 4,723 18.58 9/30/2024 Sell 30,267 18.63 10/1/2024 Sell 7,470 18.60 10/2/2024 Sell 18,861 18.56 10/4/2024 Sell 12,954 18.40 10/7/2024 Sell 850 18.55 10/8/2024 Sell 30,011 18.34 10/9/2024 Sell 37,192 18.31 10/10/2024 Sell 27,510 18.30 10/15/2024 Sell 2,155 18.59 10/17/2024 Sell 23,105 18.71 10/18/2024 Sell 3