Saba Capital Management Files 13D on Morgan Stanley India Investment Fund
Ticker: IIF · Form: SC 13D · Filed: Aug 14, 2024 · CIK: 916618
| Field | Detail |
|---|---|
| Company | Morgan Stanley India Investment Fund, Inc. (IIF) |
| Form Type | SC 13D |
| Filed Date | Aug 14, 2024 |
| Risk Level | medium |
| Pages | 8 |
| Reading Time | 10 min |
| Key Dollar Amounts | $13,838,580 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-filing, stakeholder-interest, investment-fund
TL;DR
**Saba Capital is taking a stake in Morgan Stanley India Investment Fund. Watch this space.**
AI Summary
On August 14, 2024, Saba Capital Management, L.P. filed a Schedule 13D regarding Morgan Stanley India Investment Fund, Inc. Saba Capital Management, L.P. is listed as the filer, with Boaz R. Weinstein and Saba Capital Management GP, LLC as group members. The filing concerns the common shares of Morgan Stanley India Investment Fund, Inc.
Why It Matters
This filing indicates a significant stake or potential activist interest by Saba Capital Management in Morgan Stanley India Investment Fund, Inc., which could lead to changes in the fund's strategy or management.
Risk Assessment
Risk Level: medium — Schedule 13D filings often signal potential activist involvement, which can introduce uncertainty and volatility for the subject company.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filer of the Schedule 13D
- Morgan Stanley India Investment Fund, Inc. (company) — Subject company of the filing
- Boaz R. Weinstein (person) — Group member associated with the filing
- Saba Capital Management GP, LLC (company) — Group member associated with the filing
FAQ
Who is filing the Schedule 13D?
Saba Capital Management, L.P. is filing the Schedule 13D.
What company is the subject of this filing?
The subject company is Morgan Stanley India Investment Fund, Inc.
When was this filing made?
The filing was made on August 14, 2024.
What class of securities is involved?
The filing concerns the Common Shares, No par value, of Morgan Stanley India Investment Fund, Inc.
Are there any other named group members in the filing?
Yes, Boaz R. Weinstein and Saba Capital Management GP, LLC are listed as group members.
Filing Stats: 2,410 words · 10 min read · ~8 pages · Grade level 13.5 · Accepted 2024-08-14 17:53:05
Key Financial Figures
- $13,838,580 — ported herein. A total of approximately $13,838,580 was paid to acquire the Common Shares r
Filing Documents
- formsc13d.htm (SC 13D) — 72KB
- exhibit1.htm (EX-1) — 4KB
- 0001062993-24-015101.txt ( ) — 78KB
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: August 14, 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. 61745C105 SCHEDULE 13D Page 10 of 10 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 7/8/2024 Buy 8,558 27.03 7/9/2024 Buy 27,995 27.06 7/10/2024 Buy 78,229 27.15 7/11/2024 Buy 45,712 27.21 7/12/2024 Buy 37,498 27.27 7/15/2024 Buy 42,595 27.53 7/16/2024 Buy 72,541 27.50 7/17/2024 Buy 32,087 27.52 7/23/2024 Buy 73,937 26.92 7/29/2024 Buy 31,869 27.27 8/1/2024 Buy 8,155 27.26 8/5/2024 Buy 3,110 25.87 8/9/2024 Buy 1,554 26.57 8/13/2024 Buy 45,621 26.41