Saba Capital Management Amends Filing for Invesco Trust

TL;DR

Saba Capital updated its 13D filing for Invesco Trust. Watch for potential changes.

AI Summary

Saba Capital Management, L.P. has filed an amendment (No. 2) to its Schedule 13D/A regarding Invesco Trust for Investment Grade Municipals. The filing, dated June 14, 2024, indicates a change in the reporting person's holdings or intentions concerning the subject company. Saba Capital Management, L.P. is based in New York, NY.

Why It Matters

This amendment signals a potential shift in the investment strategy or stake held by Saba Capital Management in the Invesco Trust, which could influence the trust's future performance or governance.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate changes in activist investor positions or strategies, which can introduce uncertainty and potential volatility.

Key Players & Entities

• Saba Capital Management, L.P. (company) — Reporting Person
• Invesco Trust for Investment Grade Municipals (company) — Subject Company
• Boaz R. Weinstein (person) — Group Member

FAQ

Filing Documents

• formsc13da.htm (SC 13D/A) — 57KB
• 0001062993-24-012623.txt ( ) — 59KB

is hereby amended and supplemented as follows

Item 4 is hereby amended and supplemented as follows: On June 12, 2024, Saba Capital Master Fund, Ltd., a private fund advised by Saba Capital submitted to the Issuer a notice of withdrawal of its notice of intent, delivered to the Issuer on May 2, 2024, to nominate the Nominees at the Annual Meeting. 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 54,231,968 shares of common stock outstanding as of 2/29/24, as disclosed in the company's N-CSR filed 5/2/24. (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. (c) The transactions in the Common Shares effected by the Reporting Persons since the 13D/A filed on 5/6/24, which were all in the open market, are set forth in Schedule A, and are incorporated herein by reference. CUSIP No. 46131M106 SCHEDULE 13D/A Page 6 of 8 Pages (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. CUSIP No. 46131M106 SCHEDULE 13D/A Page 7 of 8 Pages

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: June 14, 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. 46131M106 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 since the 13D/A filed on 5/6/24. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 5/8/2024 Buy 100 9.78 5/10/2024 Buy 69,881 9.85 5/20/2024 Buy 70,569 9.86

View Full Filing

View this SC 13D/A filing on SEC EDGAR