Saba Capital Amends DWS Municipal Income Trust Filing
Ticker: KTF · Form: SC 13D/A · Filed: Aug 20, 2024 · CIK: 839533
| Field | Detail |
|---|---|
| Company | Dws Municipal Income Trust (KTF) |
| Form Type | SC 13D/A |
| Filed Date | Aug 20, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01, $15,151,964 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-filing, sec-filing, ownership-change
TL;DR
Saba Capital updated its filing for DWS Municipal Income Trust. Watch for potential changes.
AI Summary
Saba Capital Management, L.P. has filed an amendment (SC 13D/A) on August 20, 2024, regarding their holdings in DWS Municipal Income Trust. The filing indicates a change in their beneficial ownership, though specific new percentage or dollar amounts are not detailed in this excerpt. Saba Capital Management, L.P. is a significant shareholder in the trust.
Why It Matters
This filing signals potential shifts in control or strategy for DWS Municipal Income Trust, which could impact its share price and investment decisions.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings often indicate active engagement by significant shareholders, which can lead to volatility or strategic changes in the target company.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filing entity
- DWS Municipal Income Trust (company) — Subject company
- Boaz R. Weinstein (person) — Group member associated with Saba Capital
- Saba Capital Management GP, LLC (company) — Group member associated with Saba Capital
FAQ
What specific changes in beneficial ownership are detailed in this SC 13D/A filing?
This excerpt does not specify the exact percentage or dollar amount of the change in beneficial ownership, only that an amendment has been filed.
When was this amendment filed with the SEC?
The amendment (SC 13D/A) was filed on August 20, 2024.
Who is the subject company of this filing?
The subject company is DWS Municipal Income Trust.
Who is the entity filing this amendment?
The filing is made by Saba Capital Management, L.P.
What is the CUSIP number for the Common Shares of DWS Municipal Income Trust?
The CUSIP number for the Common Shares of DWS Municipal Income Trust is 233368109.
Filing Stats: 1,317 words · 5 min read · ~4 pages · Grade level 11.4 · Accepted 2024-08-20 12:19:02
Key Financial Figures
- $0.01 — TRUST (Name of Issuer) Common Shares, $0.01 par value (Title of Class of Securitie
- $15,151,964 — ported herein. A total of approximately $15,151,964 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 50KB
- 0001062993-24-015413.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: August 20, 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. 233368109 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 7/22/2024 Sell 64,840 9.57 8/5/2024 Sell 37,896 9.73 8/6/2024 Sell 44,137 9.73 8/8/2024 Sell 17,291 9.72 8/9/2024 Sell 34,754 9.74 8/12/2024 Sell 34,661 9.72 8/13/2024 Sell 30,687 9.78 8/14/2024 Sell 67,602 9.77 8/15/2024 Sell 49,449 9.75 8/16/2024 Sell 38,599 9.78 8/19/2024 Sell 36,523 9.69