Saba Capital Management Amends Filing for BlackRock MuniYield Fund
Ticker: MYN · Form: SC 13D/A · Filed: Oct 1, 2024 · CIK: 882150
| Field | Detail |
|---|---|
| Company | Blackrock Muniyield New York Quality Fund, Inc. (MYN) |
| Form Type | SC 13D/A |
| Filed Date | Oct 1, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.10, $18,387,513 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 13D-filing, ownership-change, amendment
TL;DR
Saba Capital updated its 13D filing for BlackRock MuniYield NY Quality Fund. Watch this space.
AI Summary
Saba Capital Management, L.P. has filed an amendment (No. 4) to its Schedule 13D/A regarding BlackRock MuniYield New York Quality Fund, Inc. The filing, dated October 1, 2024, indicates a change in beneficial ownership. Saba Capital Management, L.P. is based in New York, NY.
Why It Matters
This filing signals a potential shift in the ownership structure or strategy concerning BlackRock MuniYield New York Quality Fund, Inc., which could impact its market performance and investor relations.
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 New York Quality Fund, Inc. (company) — Subject company
- Boaz R. Weinstein (person) — Group member of filing entity
FAQ
What is the specific nature of the change in beneficial ownership reported in this amendment?
The filing is an amendment (No. 4) to Schedule 13D/A, indicating a change in beneficial ownership, but the specific details of the change are not provided in the provided text excerpt.
When was this amendment filed with the SEC?
This amendment was filed on October 1, 2024.
Who is the subject company of this filing?
The subject company is BlackRock MuniYield New York Quality Fund, Inc.
What is the filing type and SEC Act associated with this document?
The filing type is SC 13D/A, filed under the Securities Exchange Act of 1934.
Where is Saba Capital Management, L.P. located?
Saba Capital Management, L.P. is located at 405 Lexington Avenue, New York, NY 10174.
Filing Stats: 1,333 words · 5 min read · ~4 pages · Grade level 11.2 · Accepted 2024-10-01 14:27:21
Key Financial Figures
- $0.10 — INC (Name of Issuer) Common Shares, $0.10 par value (Title of Class of Securiti
- $18,387,513 — ported herein. A total of approximately $18,387,513 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 58KB
- 0001062993-24-017104.txt ( ) — 60KB
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: October 1, 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. 09255E102 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 in the last sixty days. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 9/13/2024 Sell 62,251 10.77 9/16/2024 Sell 39,145 10.78 9/17/2024 Sell 23,245 10.78 9/20/2024 Sell 11,301 10.77 9/24/2024 Sell 12,204 10.76 9/25/2024 Sell 22,184 10.76 9/26/2024 Sell 36,923 10.75 9/27/2024 Sell 14,667 10.79 9/30/2024 Sell 49,901 10.78