Saba Capital Management Files 13D/A Amendment
Ticker: SABA · Form: SC 13D/A · Filed: Nov 26, 2024 · CIK: 828803
| Field | Detail |
|---|---|
| Company | Saba Capital Income & Opportunities Fund II (SABA) |
| Form Type | SC 13D/A |
| Filed Date | Nov 26, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $43,129,066 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, sec-filing, amendment
TL;DR
Saba Capital updated its 13D filing for Saba Capital Income & Opportunities Fund II. Ownership changes.
AI Summary
Saba Capital Management, L.P. filed an amendment (No. 30) to its Schedule 13D on November 26, 2024, regarding Saba Capital Income & Opportunities Fund II. The filing indicates changes in beneficial ownership of the issuer's common shares. Saba Capital Management, L.P. is the filer, with Boaz R. Weinstein listed as a group member.
Why It Matters
This filing updates ownership stakes in Saba Capital Income & Opportunities Fund II, which could signal changes in investment strategy or influence by Saba Capital Management.
Risk Assessment
Risk Level: medium — Schedule 13D filings often indicate significant changes in beneficial ownership, which can lead to increased volatility or strategic shifts in the subject company.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filer of the Schedule 13D/A
- Saba Capital Income & Opportunities Fund II (company) — Subject company of the filing
- Boaz R. Weinstein (person) — Group member of the filer
FAQ
What is the specific nature of the changes in beneficial ownership reported in this amendment?
The filing is an amendment (No. 30) to Schedule 13D, indicating changes in beneficial ownership, but the specific details of these changes are not provided in the header information.
When was this amendment filed with the SEC?
This amendment was filed on November 26, 2024.
Who is the subject company of this filing?
The subject company is Saba Capital Income & Opportunities Fund II.
Who is the entity filing this Schedule 13D/A?
The entity filing is Saba Capital Management, L.P.
What is the CUSIP number for the securities involved?
The CUSIP number is 880198106.
Filing Stats: 1,511 words · 6 min read · ~5 pages · Grade level 9 · Accepted 2024-11-26 17:52:49
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) — 63KB
- 0001062993-24-019714.txt ( ) — 65KB
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: November 26, 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. 880198106 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 within the past sixty days prior to 10/21/24, 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 9/23/2024 Sell 4,453 8.46 9/24/2024 Sell 33,413 8.38 9/25/2024 Sell 70,016 8.38 9/26/2024 Sell 4,659 8.40 9/30/2024 Sell 1,601 8.51 10/1/2024 Sell 77,981 8.50 10/2/2024 Sell 19,532 8.50 10/16/2024 Sell 4,881 8.60 10/18/2024 Sell 46,728 8.52 10/21/2024 Sell 32,871 8.48