Saba Capital Management Amends Templeton Global Income Fund Filing
Ticker: SABA · Form: SC 13D/A · Filed: Mar 5, 2024 · CIK: 828803
| Field | Detail |
|---|---|
| Company | Templeton Global Income Fund (SABA) |
| Form Type | SC 13D/A |
| Filed Date | Mar 5, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $46,869,541 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 13D-filing, shareholder-activity, amendment
TL;DR
Saba Capital updated its 13D filing for Templeton Global Income Fund, watch for changes.
AI Summary
Saba Capital Management, L.P. filed an amendment (28) to its Schedule 13D on March 5, 2024, regarding its holdings in Templeton Global Income Fund. The filing indicates a change in the reporting person's beneficial ownership, with Saba Capital Management GP, LLC and Boaz R. Weinstein listed as group members.
Why It Matters
This amendment signals potential shifts in significant shareholder positions and strategies concerning the Templeton Global Income Fund, which could influence the fund's market performance and investor sentiment.
Risk Assessment
Risk Level: medium — Schedule 13D filings often indicate significant investor activity, which can lead to volatility or strategic changes in the subject company.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Reporting Person
- Templeton Global 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
FAQ
What is the specific nature of the change reported in Amendment No. 28 to the Schedule 13D?
The filing does not detail the specific nature of the change in beneficial ownership in this excerpt, only that an amendment has been filed.
Who are the key entities involved in this filing?
The key entities are Saba Capital Management, L.P. (the filer), Templeton Global Income Fund (the issuer), and Boaz R. Weinstein and Saba Capital Management GP, LLC (group members).
When was this amendment filed with the SEC?
This amendment was filed on March 5, 2024.
What is the CUSIP number for the securities in question?
The CUSIP number for the Common Shares of Templeton Global Income Fund is 880198106.
What is the business address of Saba Capital Management, L.P.?
The business address of Saba Capital Management, L.P. is 405 Lexington Avenue, 58th Floor, New York, NY 10174.
Filing Stats: 1,406 words · 6 min read · ~5 pages · Grade level 10.3 · Accepted 2024-03-05 12:26:42
Key Financial Figures
- $46,869,541 — ported herein. A total of approximately $46,869,541 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 53KB
- 0001062993-24-005406.txt ( ) — 55KB
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: March 5, 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