Saba Capital Management Amends Filing for Voya Global Fund
Ticker: IGA · Form: SC 13D/A · Filed: Mar 13, 2024 · CIK: 1332943
| Field | Detail |
|---|---|
| Company | Voya Global Advantage & Premium Opportunity Fund (IGA) |
| Form Type | SC 13D/A |
| Filed Date | Mar 13, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01, $8,886,201 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, filing-amendment, closed-end-fund
TL;DR
Saba Capital updated its stake in Voya Global Advantage & Premium Opportunity Fund.
AI Summary
Saba Capital Management, L.P. filed an amendment (No. 3) to its Schedule 13D on March 13, 2024, regarding Voya Global Advantage & Premium Opportunity Fund. Saba Capital Management, L.P. is a significant holder of the fund's common shares.
Why It Matters
This filing indicates ongoing activity and potential strategic interest from Saba Capital Management in Voya Global Advantage & Premium Opportunity Fund, which could influence the fund's future direction.
Risk Assessment
Risk Level: medium — Schedule 13D filings often signal activist investor intent or significant stake-building, which can lead to volatility.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filing entity
- Voya Global Advantage & Premium Opportunity Fund (company) — Subject company
- Boaz R. Weinstein (person) — Group member
- Saba Capital Management GP, LLC (company) — Group member
FAQ
What is the purpose of this SC 13D/A filing?
This filing is an amendment (No. 3) to Saba Capital Management, L.P.'s Schedule 13D, indicating changes or updates to their beneficial ownership of Voya Global Advantage & Premium Opportunity Fund's common shares.
Who is the primary filer of this amendment?
The primary filer is Saba Capital Management, L.P.
What is the CUSIP number for Voya Global Advantage & Premium Opportunity Fund's common shares?
The CUSIP number is 92912R104.
When was this amendment filed?
This amendment was filed on March 13, 2024.
What was the former name of Voya Global Advantage & Premium Opportunity Fund?
The former name was ING Global Advantage & Premium Opportunity Fund, with a date of name change on July 13, 2005.
Filing Stats: 1,329 words · 5 min read · ~4 pages · Grade level 11.9 · Accepted 2024-03-13 11:00:56
Key Financial Figures
- $0.01 — Fund (Name of Issuer) Common Shares, $0.01 par value (Title of Class of Securiti
- $8,886,201 — ported herein. A total of approximately $8,886,201 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 58KB
- 0001062993-24-006314.txt ( ) — 59KB
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: March 13, 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. 92912R104 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 1/26/24. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 1/31/2024 Sell (25,516) 8.56 2/1/2024 Sell (12,907) 8.60 3/1/2024 Buy 48,463 8.61 3/6/2024 Buy 103,075 8.62 3/8/2024 Buy 23,138 8.70 3/11/2024 Buy 46,851 8.67 3/12/2024 Buy 62,629 8.74