Saba Capital Amends 13D Filing for Nuveen MA Muni Fund
Ticker: NMT · Form: SC 13D/A · Filed: Jul 25, 2024 · CIK: 897419
| Field | Detail |
|---|---|
| Company | Nuveen Massachusetts Quality Municipal Income Fund (NMT) |
| Form Type | SC 13D/A |
| Filed Date | Jul 25, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01, $4,750,139 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 13D-filing, municipal-bond-fund, activist-investor
TL;DR
Saba Capital just upped its stake in Nuveen MA Muni Fund - watch this space.
AI Summary
Saba Capital Management, L.P. has filed an amendment (Amendment No. 2) to its Schedule 13D on July 25, 2024, regarding Nuveen Massachusetts Quality Municipal Income Fund. The filing indicates a change in beneficial ownership, with Saba Capital Management now holding a significant stake in the fund's common shares.
Why It Matters
This filing signals increased activity or a potential shift in strategy by Saba Capital Management concerning the Nuveen Massachusetts Quality Municipal Income Fund, which could impact the fund's management or shareholder value.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede activist campaigns or significant trading activity, introducing potential volatility.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filing entity
- Nuveen Massachusetts Quality Municipal Income Fund (company) — Subject company
- Boaz R. Weinstein (person) — Group member
- Saba Capital Management GP, LLC (company) — Group member
- Michael D'Angelo (person) — Contact person for Saba Capital
FAQ
What is the specific percentage of beneficial ownership Saba Capital Management, L.P. now holds in Nuveen Massachusetts Quality Municipal Income Fund?
The filing does not explicitly state the exact percentage of beneficial ownership in this amendment, but it indicates a change in holdings.
What is the CUSIP number for Nuveen Massachusetts Quality Municipal Income Fund's common shares?
The CUSIP number is 67061E104.
When was the previous name of Nuveen Massachusetts Quality Municipal Income Fund?
The former company name was Nuveen Massachusetts Premium Income Municipal Fund, with a date of name change on July 14, 1993.
What is the business address and phone number for Saba Capital Management, L.P.?
Saba Capital Management, L.P.'s business address is 405 Lexington Avenue, 58th Floor, New York, NY 10174, and their business phone number is 212-542-4635.
What is the filing date of this SC 13D/A amendment?
This SC 13D/A amendment was filed on July 25, 2024.
Filing Stats: 1,368 words · 5 min read · ~5 pages · Grade level 10.3 · Accepted 2024-07-25 16:15:04
Key Financial Figures
- $0.01 — E FUND (Name of Issuer) Common Shares, $0.01 par value (Title of Class of Securities
- $4,750,139 — ported herein. A total of approximately $4,750,139 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 56KB
- 0001062993-24-014081.txt ( ) — 58KB
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: July 25, 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. 67061E104 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 6/11/2024 Sell 986 10.95 6/13/2024 Sell 25,269 11.15 6/24/2024 Sell 1,600 11.12 6/25/2024 Sell 4,131 11.11 6/28/2024 Sell 3,519 11.12 7/1/2024 Sell 2,893 11.09 7/2/2024 Sell 408 11.13 7/5/2024 Sell 2,099 11.15 7/8/2024 Sell 4,000 11.10 7/9/2024 Sell 9,087 11.11 7/10/2024 Sell 9,532 11.10 7/11/2024 Sell 470 11.42 7/12/2024 Sell 14,246 11.30 7/15/2024 Sell 7,144 11.21 7/16/2024 Sell 6,810 11.23 7/18/2024 Sell 1,200 11.18 7/18/2024 Sell 1,089 11.17 7/19/2024 Sell 1,155 11.15 7/22/2024 Sell 20,532 11.12 7/23/2024 Sell 4,882 11.13 7/24/2024 Sell 24,817 11.12