Saba Capital Management Amends 13D Filing for Invesco Trust
Ticker: VGM · Form: SC 13D/A · Filed: Sep 24, 2024 · CIK: 880892
| Field | Detail |
|---|---|
| Company | Invesco Trust For Investment Grade Municipals (VGM) |
| Form Type | SC 13D/A |
| Filed Date | Sep 24, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $25,706,196 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, amendment, filing-update
TL;DR
Saba Capital + Boaz Weinstein updated their Invesco Trust 13D filing. Watch this space.
AI Summary
Saba Capital Management, L.P. filed an amendment (No. 3) to its Schedule 13D on September 24, 2024, regarding its holdings in Invesco Trust for Investment Grade Municipals. The filing indicates a change in the group members, specifically adding Boaz R. Weinstein. Saba Capital Management, L.P. is a Delaware-based entity with its principal business address in New York.
Why It Matters
This amendment signals potential shifts in activist investor strategy or ownership stakes within the Invesco Trust for Investment Grade Municipals, which could influence the trust's management or investment decisions.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings often indicate changes in an investor's strategy or stake, which can lead to increased volatility or corporate actions.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filing entity
- Invesco Trust for Investment Grade Municipals (company) — Subject company
- Boaz R. Weinstein (person) — Added group member
FAQ
What is the specific nature of the change indicated by Amendment No. 3 to the Schedule 13D filing?
The filing indicates a change in group members, specifically adding Boaz R. Weinstein to the group alongside Saba Capital Management GP, LLC.
Who is the subject company of this Schedule 13D/A filing?
The subject company is Invesco Trust for Investment Grade Municipals.
When was this Schedule 13D/A filing made?
The filing was made on September 24, 2024.
What is the principal business address of Saba Capital Management, L.P.?
The principal business address of Saba Capital Management, L.P. is 405 Lexington Avenue, 58th Floor, New York, NY 10174.
What is the Central Index Key (CIK) for Invesco Trust for Investment Grade Municipals?
The Central Index Key (CIK) for Invesco Trust for Investment Grade Municipals is 0000880892.
Filing Stats: 1,316 words · 5 min read · ~4 pages · Grade level 12 · Accepted 2024-09-24 19:05:53
Key Financial Figures
- $25,706,196 — ported herein. A total of approximately $25,706,196 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 60KB
- 0001062993-24-016972.txt ( ) — 62KB
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: September 24, 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 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 9/13/2024 Sell 52,203 10.68 9/16/2024 Sell 91,261 10.64 9/17/2024 Sell 50,712 10.58 9/18/2024 Sell 38,042 10.54 9/19/2024 Sell 30,315 10.55 9/20/2024 Sell 59,724 10.53