Saba Capital Amends 13D Filing for Invesco Municipal Trust
Ticker: VKQ · Form: SC 13D/A · Filed: Sep 24, 2024 · CIK: 877463
| Field | Detail |
|---|---|
| Company | Invesco Municipal Trust (VKQ) |
| Form Type | SC 13D/A |
| Filed Date | Sep 24, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01, $25,705,387 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, ownership-filing, municipal-bond-fund
TL;DR
Saba Capital updated its 13D filing for Invesco Municipal Trust. Keep an eye on this.
AI Summary
Saba Capital Management, L.P. has filed an amendment (No. 3) to its Schedule 13D, reporting changes in its beneficial ownership of Invesco Municipal Trust common shares as of September 24, 2024. The filing details Saba Capital's holdings and intentions regarding the trust.
Why It Matters
This filing provides insight into the stake held by Saba Capital Management in Invesco Municipal Trust, which could influence the trust's future strategic decisions or governance.
Risk Assessment
Risk Level: medium — Schedule 13D filings often indicate activist investor intentions, which can lead to significant corporate events or volatility.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filing entity
- Invesco Municipal Trust (company) — Subject company
- Boaz R. Weinstein (person) — Group member of Saba Capital Management
FAQ
What is the purpose of this SC 13D/A filing?
This filing is an amendment (No. 3) to Schedule 13D, reporting changes in beneficial ownership of Invesco Municipal Trust common shares by Saba Capital Management, L.P.
Who is the filing entity?
The filing entity is Saba Capital Management, L.P.
What is the subject company?
The subject company is Invesco Municipal Trust.
What is the date of the filing?
The filing was made on September 24, 2024.
What is the SEC file number for this filing?
The SEC file number is 005-84422.
Filing Stats: 1,319 words · 5 min read · ~4 pages · Grade level 11.5 · Accepted 2024-09-24 19:06:17
Key Financial Figures
- $0.01 — rust (Name of Issuer) Common Shares, $0.01 par value (Title of Class of Securiti
- $25,705,387 — ported herein. A total of approximately $25,705,387 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 60KB
- 0001062993-24-016973.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. 46131J103 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 9/12/2024 Sell 7,428 10.43 9/13/2024 Sell 63,293 10.41 9/16/2024 Sell 94,318 10.37 9/17/2024 Sell 43,353 10.30 9/18/2024 Sell 22,163 10.27 9/19/2024 Sell 146,166 10.28 9/20/2024 Sell 22,510 10.26 9/23/2024 Sell 41,178 10.23