Saba Capital Amends 13D Filing for Nuveen Multi-Asset Income Fund
Ticker: NMAI · Form: SC 13D/A · Filed: Dec 9, 2024 · CIK: 1861115
| Field | Detail |
|---|---|
| Company | Nuveen Multi-Asset Income Fund (NMAI) |
| Form Type | SC 13D/A |
| Filed Date | Dec 9, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.01, $52,182,526 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 13D-A, activist-filing, fund-management
TL;DR
Saba Capital updated its stake in Nuveen Multi-Asset Income Fund - watch for changes.
AI Summary
Saba Capital Management, L.P. filed an amendment (No. 11) to its Schedule 13D on December 5, 2024, regarding its holdings in Nuveen Multi-Asset Income Fund. The filing indicates a change in the reporting person's beneficial ownership of the common shares of the issuer.
Why It Matters
This amendment signals potential shifts in Saba Capital's investment strategy or stake in the Nuveen fund, which could influence the fund's market performance and shareholder dynamics.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede significant corporate actions or shifts in investor sentiment, which can introduce volatility.
Key Numbers
- 11 — Amendment Number (Indicates this is the eleventh update to the original filing.)
Key Players & Entities
- Saba Capital Management, L.P. (company) — Reporting person filing the amendment
- Nuveen Multi-Asset Income Fund (company) — Subject company of the filing
- Michael D'Angelo (person) — Contact person for Saba Capital Management
FAQ
What specific changes in beneficial ownership are detailed in this Amendment No. 11?
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 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, with a phone number of (212) 542-4635.
What is the date of the event requiring this filing?
The date of the event which requires filing of this statement is December 5, 2024.
Under which act is this Schedule 13D/A filed?
This filing is made under the Securities Exchange Act of 1934.
Filing Stats: 1,436 words · 6 min read · ~5 pages · Grade level 10 · Accepted 2024-12-09 16:57:01
Key Financial Figures
- $0.01 — Fund (Name of Issuer) Common Shares, $0.01 par value (Title of Class of Securiti
- $52,182,526 — ported herein. A total of approximately $52,182,526 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 62KB
- 0001062993-24-020263.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: December 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 8 of 8 Pages Schedule A This Schedule sets forth information with respect to each purchase and sale of Common Shares which were effectuated by Saba Capital from the filing of the Schedule 13D/A on 10/9/24 to 12/5/24, the date of the event which required filing of this Schedule 13D/A. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 10/9/2024 Sell 70,750 12.94 10/10/2024 Sell 30,358 12.90 10/11/2024 Sell 15,528 12.90 10/14/2024 Sell 13,819 12.95 10/23/2024 Sell 9,749 12.75 10/24/2024 Sell 23,325 12.75 10/25/2024 Sell 12,324 12.76 11/1/2024 Sell 17,279 12.64 11/4/2024 Sell 9,800 12.59 11/8/2024 Sell 347 12.77 11/11/2024 Sell 9,837 12.78 11/12/2024 Sell 1,212 12.72 12/2/2024 Sell 15,564 12.84 12/3/2024 Sell 70,854 12.85 12/4/2024 Sell 28,613 12.84 12/5/2024 Sell 15,785 12.90