Saba Capital Management Amends Filing for BlackRock MuniYield Fund
Ticker: MPA · Form: SC 13D/A · Filed: Apr 15, 2024 · CIK: 891038
| Field | Detail |
|---|---|
| Company | Blackrock Muniyield Pennsylvania Quality Fund (MPA) |
| Form Type | SC 13D/A |
| Filed Date | Apr 15, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.10, $24,208,851 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 13d-amendment, activist-filing, fund-management
TL;DR
Saba Capital updated its 13D filing for BlackRock MuniYield PA Quality Fund on 4/15/24.
AI Summary
Saba Capital Management, L.P. has filed an amendment (No. 9) to its Schedule 13D/A regarding BlackRock MuniYield Pennsylvania Quality Fund. The filing, dated April 15, 2024, indicates changes in beneficial ownership. Saba Capital Management GP, LLC is also listed as a group member.
Why It Matters
This filing signals potential shifts in significant holdings within the BlackRock MuniYield Pennsylvania Quality Fund, which could impact the fund's strategy or investor sentiment.
Risk Assessment
Risk Level: medium — Schedule 13D filings often indicate activist investor intentions or significant stake changes, which can introduce volatility.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filing entity
- BlackRock MuniYield Pennsylvania Quality Fund (company) — Subject company
- Saba Capital Management GP, LLC (company) — Group member
FAQ
What is the specific nature of the amendment (No. 9) filed by Saba Capital Management, L.P. on April 15, 2024?
The filing is an amendment to Schedule 13D/A, indicating changes in beneficial ownership, but the specific details of the changes are not provided in the header information.
Who are the group members listed in this filing?
The group members listed are Boaz R. Weinstein and Saba Capital Management GP, LLC.
What is the subject company of this filing?
The subject company is BlackRock MuniYield Pennsylvania Quality Fund.
What is the Central Index Key (CIK) for BlackRock MuniYield Pennsylvania Quality Fund?
The CIK for BlackRock MuniYield Pennsylvania Quality Fund is 0000891038.
What is the business address of Saba Capital Management, L.P. as listed in the filing?
The business address for Saba Capital Management, L.P. is 405 Lexington Avenue, 58th Floor, New York, NY 10174.
Filing Stats: 1,329 words · 5 min read · ~4 pages · Grade level 10.8 · Accepted 2024-04-15 08:38:49
Key Financial Figures
- $0.10 — FUND (Name of Issuer) Common Shares, $0.10 par value (Title of Class of Securiti
- $24,208,851 — ported herein. A total of approximately $24,208,851 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 61KB
- 0001062993-24-008376.txt ( ) — 63KB
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: April 15, 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 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 2/20/24. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 2/26/2024 Buy 5,033 11.90 2/27/2024 Buy 53 11.91 3/8/2024 Buy 11,249 11.99 3/11/2024 Buy 6,963 12.09 3/12/2024 Buy 5,974 12.11 3/13/2024 Buy 21,878 12.18 3/22/2024 Buy 4,217 12.12 3/25/2024 Buy 3,691 12.12 3/26/2024 Buy 16,674 12.14 4/2/2024 Buy 6,940 12.03 4/4/2024 Buy 3,703 12.00 4/8/2024 Buy 5,129 11.96 4/9/2024 Buy 19,337 11.99 4/10/2024 Buy 1,853 11.85 4/11/2024 Buy 17,243 11.98 4/12/2024 Buy 1,610 12.00