Saba Capital Amends 13D Filing for Voya Infrastructure Fund
Ticker: IDE · Form: SC 13D/A · Filed: Jul 25, 2024 · CIK: 1417802
| Field | Detail |
|---|---|
| Company | Voya Infrastructure, Industrials & Materials Fund (IDE) |
| Form Type | SC 13D/A |
| Filed Date | Jul 25, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.01, $9,043,919 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, ownership-filing, amendment
TL;DR
Saba Capital updated its 13D on Voya Infrastructure Fund. Watch this space.
AI Summary
Saba Capital Management, L.P. has filed an amendment (No. 3) to its Schedule 13D, indicating a change in its beneficial ownership of Voya Infrastructure, Industrials & Materials Fund as of July 25, 2024. The filing details Saba Capital's holdings and intentions regarding the fund.
Why It Matters
This filing provides insight into the significant stake held by Saba Capital Management in Voya Infrastructure, Industrials & Materials Fund, potentially influencing future strategic decisions or shareholder activism.
Risk Assessment
Risk Level: medium — Schedule 13D filings often signal potential activist investor activity, which can introduce volatility and uncertainty for the subject company.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filing entity
- Voya Infrastructure, Industrials & Materials Fund (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 primary purpose of this SC 13D/A filing?
This filing is an amendment (No. 3) to Saba Capital Management, L.P.'s Schedule 13D, reporting changes in beneficial ownership of Voya Infrastructure, Industrials & Materials Fund.
Who is the filing entity?
The filing entity is Saba Capital Management, L.P.
What company is the subject of this filing?
The subject company is Voya Infrastructure, Industrials & Materials Fund.
When was the date as of which the change in beneficial ownership is reported?
The date as of change is July 25, 2024.
What is the former name of the subject company?
The subject company was formerly known as ING Infrastructure, Industrials & Materials Fund and ING Infrastructure Development Equity Fund.
Filing Stats: 1,394 words · 6 min read · ~5 pages · Grade level 9.6 · Accepted 2024-07-25 16:06:38
Key Financial Figures
- $0.01 — Fund (Name of Issuer) Common Shares, $0.01 par value (Title of Class of Securities
- $9,043,919 — ported herein. A total of approximately $9,043,919 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 59KB
- 0001062993-24-014078.txt ( ) — 61KB
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: July 25, 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. 92912X101 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 Sell 3,611 10.48 5/29/2024 Sell 41,961 10.38 5/30/2024 Sell 13,166 10.39 5/31/2024 Sell 11,971 10.48 6/3/2024 Sell 10,467 10.44 6/4/2024 Sell 3,787 10.37 6/5/2024 Sell 100 10.36 6/7/2024 Sell 17,241 10.29 6/12/2024 Sell 5,612 10.38 6/13/2024 Sell 4,922 10.32 6/14/2024 Sell 400 10.28 6/17/2024 Sell 4,368 10.24 6/18/2024 Sell 10 10.23 6/24/2024 Sell 1,000 10.42 7/2/2024 Sell 200 10.26 7/5/2024 Sell 2,000 10.34 7/8/2024 Sell 11,827 10.35 7/12/2024 Sell 594 10.58 7/15/2024 Sell 12,449 10.57 7/16/2024 Sell 13,342 10.56 7/17/2024 Sell 17,326 10.63 7/18/2024 Sell 3,574 10.57 7/19/2024 Sell 4,999 10.52 7/22/2024 Sell 6,851 10.53 7/23/2024 Sell 17,805 10.54 7/24/2024 Sell 12,500 10.47