Saba Capital Management Amends 13D Filing for abrdn Life Sciences
Ticker: HQL · Form: SC 13D/A · Filed: Jun 3, 2024 · CIK: 884121
| Field | Detail |
|---|---|
| Company | Abrdn Life Sciences Investors (HQL) |
| Form Type | SC 13D/A |
| Filed Date | Jun 3, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01, $43,548,117 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-filing, sec-filing, amendment
TL;DR
Saba Capital updated its 13D filing for abrdn Life Sciences Investors on 6/3/24.
AI Summary
Saba Capital Management, L.P. has filed an amendment (No. 5) to its Schedule 13D/A regarding abrdn Life Sciences Investors. The filing, dated June 3, 2024, indicates changes in beneficial ownership. Saba Capital Management, L.P. is based in New York, NY, and abrdn Life Sciences Investors is incorporated in Massachusetts.
Why It Matters
This filing updates ownership stakes, which can signal changes in investor sentiment or strategy towards abrdn Life Sciences Investors.
Risk Assessment
Risk Level: medium — Schedule 13D filings often relate to activist investors or significant stake changes, which can introduce volatility.
Key Numbers
- 0001062993-24-011603 — Accession Number (Unique identifier for the SEC filing)
- 20240603 — Filing Date (Date the amendment was filed with the SEC)
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filing entity
- abrdn Life Sciences Investors (company) — Subject company
- Boaz R. Weinstein (person) — Group member of filing entity
- Saba Capital Management GP, LLC (company) — Group member of filing entity
FAQ
What is the purpose of this Schedule 13D/A filing?
This filing is an amendment (No. 5) to Saba Capital Management, L.P.'s Schedule 13D, indicating changes in their beneficial ownership of abrdn Life Sciences Investors' common shares.
Who is the filing entity?
The filing entity is Saba Capital Management, L.P.
What is the subject company?
The subject company is abrdn Life Sciences Investors.
When was this amendment filed?
This amendment was filed on June 3, 2024.
Where is Saba Capital Management, L.P. located?
Saba Capital Management, L.P. is located in New York, NY.
Filing Stats: 1,358 words · 5 min read · ~5 pages · Grade level 10.7 · Accepted 2024-06-03 09:15:41
Key Financial Figures
- $0.01 — tors (Name of Issuer) Common Shares, $0.01 par value (Title of Class of Securiti
- $43,548,117 — ported herein. A total of approximately $43,548,117 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 69KB
- 0001062993-24-011603.txt ( ) — 71KB
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 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. 87911K100 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/A on 4/29/24. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 4/30/2024 Buy 16,573 13.13 5/1/2024 Buy 252 13.02 5/2/2024 Buy 26,274 13.46 5/6/2024 Buy 10,713 13.62 5/7/2024 Buy 50,161 13.76 5/8/2024 Buy 10,986 13.70 5/9/2024 Buy 17,373 13.80 5/10/2024 Buy 57,862 13.86 5/15/2024 Buy 34,755 14.19 5/23/2024 Buy 1,303 13.50 5/28/2024 Buy 8,714 13.38 5/29/2024 Buy 38,033 13.09 5/30/2024 Buy 669 13.05 5/31/2024 Buy 21,369 13.29