Saba Capital Management Amends Invesco Municipal Trust Filing

TL;DR

Saba Capital Management just updated their Invesco Municipal Trust filing. Watch this space.

AI Summary

Saba Capital Management, L.P. filed an amendment (No. 2) to its Schedule 13D on June 14, 2024, regarding its holdings in Invesco Municipal Trust. The filing indicates a change in the reporting person's beneficial ownership, though specific new holdings or changes in percentage are not detailed in this excerpt. Saba Capital Management, L.P. is a significant holder, and this amendment suggests ongoing activity or adjustments to their investment strategy concerning the trust.

Why It Matters

This filing signals potential shifts in strategy or ownership by a significant investor in Invesco Municipal Trust, which could influence the trust's future performance or corporate actions.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D often indicate active engagement by significant shareholders, which can lead to volatility or strategic changes in the subject company.

Key Players & Entities

• Saba Capital Management, L.P. (company) — Filing entity
• Invesco Municipal Trust (company) — Subject company
• Boaz R. Weinstein (person) — Group member of filing entity
• Saba Capital Management GP, LLC (company) — Group member of filing entity

FAQ

Key Financial Figures

• $0.01 — rust (Name of Issuer) Common Shares, $0.01 par value (Title of Class of Securiti
• $29,810,318 — ported herein. A total of approximately $29,810,318 was paid to acquire the Common Shares r

Filing Documents

• formsc13da.htm (SC 13D/A) — 55KB
• 0001062993-24-012617.txt ( ) — 57KB

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 55,335,515 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. CUSIP No. 46131J103 SCHEDULE 13D/A Page 6 of 8 Pages (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. (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. 46131J103 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. 46131J103 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 5/15/2024 Buy 22,913 9.65

View Full Filing

View this SC 13D/A filing on SEC EDGAR