Saba Capital Management Amends 13D Filing for Voya Fund
Ticker: IGA · Form: SC 13D/A · Filed: May 29, 2024 · CIK: 1332943
| Field | Detail |
|---|---|
| Company | Voya Global Advantage & Premium Opportunity Fund (IGA) |
| Form Type | SC 13D/A |
| Filed Date | May 29, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01, $5,515,077 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, filing-amendment, closed-end-fund
TL;DR
Saba Capital just updated their Voya Global Advantage filing - something's up.
AI Summary
Saba Capital Management, L.P. has filed an amendment (Amendment No. 5) to its Schedule 13D concerning Voya Global Advantage & Premium Opportunity Fund. The filing, dated May 29, 2024, indicates a change in the reporting person's holdings or intentions regarding the issuer's common shares. Saba Capital Management, L.P. is a significant holder and this amendment suggests a potential shift in their strategy or stake.
Why It Matters
This filing signals potential changes in the holdings or strategy of a significant activist investor, Saba Capital Management, in Voya Global Advantage & Premium Opportunity Fund, which could impact the fund's future direction and shareholder value.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings by activist investors like Saba Capital can indicate shifts in strategy or potential activism, which may lead to increased volatility.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Reporting Person
- Voya Global Advantage & Premium Opportunity Fund (company) — Issuer
- Michael D'Angelo (person) — Contact Person for Saba Capital
FAQ
What specific changes are detailed in Amendment No. 5 to the Schedule 13D filing?
The filing itself is an amendment, indicating a change in the information previously reported. However, the provided text does not detail the specific changes made in this amendment, only that it was filed on May 29, 2024.
Who is the reporting person in this filing?
The reporting person is Saba Capital Management, L.P.
What is the issuer company?
The issuer company is Voya Global Advantage & Premium Opportunity Fund.
When was this amendment filed?
This amendment was filed on May 29, 2024.
What is the CUSIP number for the Voya Global Advantage & Premium Opportunity Fund's common shares?
The CUSIP number is 92912R104.
Filing Stats: 1,356 words · 5 min read · ~5 pages · Grade level 11.1 · Accepted 2024-05-29 12:45:47
Key Financial Figures
- $0.01 — y Fund (Name of Issuer) Common Shares, $0.01 par value (Title of Class of Securities
- $5,515,077 — ported herein. A total of approximately $5,515,077 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 51KB
- 0001062993-24-011402.txt ( ) — 52KB
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 29, 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 5/9/24. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 5/9/2024 Sell 22,164 8.83 5/10/2024 Sell 4,334 8.86 5/13/2024 Sell 30,916 8.86 5/15/2024 Sell 12,507 8.94 5/16/2024 Sell 7,071 8.97 5/17/2024 Sell 7,037 8.94 5/20/2024 Sell 23,426 8.96 5/21/2024 Sell 10,646 8.97 5/22/2024 Sell 8,674 8.92 5/23/2024 Sell 13,364 8.86 5/24/2024 Sell 23,628 8.82 5/28/2024 Sell 34,573 8.83