Saba Capital Management Amends 13D Filing for Templeton Global Income Fund

TL;DR

Saba Capital updated its stake in Templeton Global Income Fund. Watch for potential moves.

AI Summary

Saba Capital Management, L.P. filed an amendment (No. 29) to its Schedule 13D on April 1, 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. The filing does not disclose specific share counts or dollar amounts in the provided text.

Why It Matters

This amendment signals potential shifts in significant shareholder positions and strategies concerning Templeton Global Income Fund, which could influence the fund's future performance and governance.

Risk Assessment

Risk Level: medium — Schedule 13D filings often precede significant corporate actions or changes in control, indicating potential volatility.

Key Players & Entities

• Saba Capital Management, L.P. (company) — Reporting Person
• Templeton Global Income Fund (company) — Subject Company
• Saba Capital Management GP, LLC (company) — Group Member
• Boaz R. Weinstein (person) — Group Member
• Michael D'Angelo (person) — Contact Person

FAQ

Key Financial Figures

• $43,129,066 — ported herein. A total of approximately $43,129,066 was paid to acquire the Common Shares r

Filing Documents

• formsc13da.htm (SC 13D/A) — 54KB
• 0001062993-24-007555.txt ( ) — 55KB

is hereby amended and supplemented as follows

Item 4 is hereby amended and supplemented as follows: On March 28, 2024, in connection with an expiration of a mandate, Saba Capital, on behalf of a client to which Saba Capital serves as investment manager, effected a pro-rata in-kind distribution of an aggregate 979,182 Common Shares to the shareholders, including affiliates of Saba Capital, for no consideration (the " Share Distribution "). Item 5. INTEREST IN SECURITIES OF THE ISSUER (a) See rows (11) and (13) of the cover pages to this Schedule 13D/A for the aggregate number of Common Shares and percentages of the Common Shares beneficially owned by each of the Reporting Persons. The percentages used herein are calculated based upon 56,510,504 shares of common stock outstanding as of 11/13/23, as disclosed in the company's SC TO-I/A filed 11/13/23. (b) See rows (7) through (10) of the cover pages to this Schedule 13D/A for the number of Common Shares as to which each Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition. CUSIP No. 880198106 SCHEDULE 13D/A Page 6 of 6 Pages (c) There have been no transactions effectuated in the open market in the Common Shares by the Reporting Persons during the past sixty (60) days. (d) The funds and accounts advised by Saba Capital have the right to receive the dividends from and proceeds of sales from the Common Shares. (e) Not applicable.

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: April 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

View Full Filing

View this SC 13D/A filing on SEC EDGAR