Saba Capital Amends Filing for Nuveen Multi-Asset Income Fund
Ticker: NMAI · Form: SC 13D/A · Filed: Oct 9, 2024 · CIK: 1861115
| Field | Detail |
|---|---|
| Company | Nuveen Multi-Asset Income Fund (NMAI) |
| Form Type | SC 13D/A |
| Filed Date | Oct 9, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01, $56,653,560 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, filing-amendment, closed-end-fund
TL;DR
SABA CAPITAL AMENDS 13D FOR NUVEEN FUND - OWNERSHIP CHANGES LIKELY.
AI Summary
Saba Capital Management, L.P. filed an amendment (10) to its SC 13D on October 8, 2024, regarding Nuveen Multi-Asset Income Fund. The filing indicates changes in beneficial ownership of the fund's common shares.
Why It Matters
This amendment signals potential shifts in significant holdings within the Nuveen Multi-Asset Income Fund, which could impact its trading and investor sentiment.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D often indicate changes in activist investor strategies or significant stake adjustments, which can introduce volatility.
Key Numbers
- 10 — Amendment Number (Indicates this is the tenth amendment to the filing.)
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filing party
- Nuveen Multi-Asset Income Fund (company) — Subject company
- Michael D'Angelo (person) — Authorized contact for Saba Capital
FAQ
What specific changes in beneficial ownership are detailed in this amendment?
The filing does not specify the exact percentage or number of shares changed in this amendment, only that it is an amendment to the Schedule 13D.
What is the CUSIP number for Nuveen Multi-Asset Income Fund's common shares?
The CUSIP number for the common shares of Nuveen Multi-Asset Income Fund is 670750108.
Who is the authorized person to receive notices for Saba Capital Management, L.P.?
Michael D'Angelo at 405 Lexington Avenue, 58th Floor, New York, NY 10174, is authorized to receive notices, with a phone number of (212) 542-4635.
What is the filing date and the date of the event requiring this filing?
The filing was made on October 9, 2024, and the date of the event requiring the filing is October 8, 2024.
Under which act and schedule is this filing made?
This filing is made under the Securities Exchange Act of 1934, specifically as a Schedule 13D/A (Amendment No. 10).
Filing Stats: 1,365 words · 5 min read · ~5 pages · Grade level 10.5 · Accepted 2024-10-09 13:07:21
Key Financial Figures
- $0.01 — Fund (Name of Issuer) Common Shares, $0.01 par value (Title of Class of Securiti
- $56,653,560 — ported herein. A total of approximately $56,653,560 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 70KB
- 0001062993-24-017500.txt ( ) — 72KB
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 9, 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. 670750108 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 9/24/2024 Sell 35,998 13.22 9/25/2024 Sell 29,412 13.17 9/26/2024 Sell 48,882 13.16 9/27/2024 Sell 26,530 13.15 9/30/2024 Sell 73,350 13.17 10/1/2024 Sell 11,617 13.17 10/2/2024 Sell 53,015 13.10 10/3/2024 Sell 1,384 13.07 10/4/2024 Sell 25,121 12.99 10/7/2024 Sell 35,188 12.92 10/8/2024 Sell 34,905 12.95