Saba Capital Amends Filing for Invesco Municipal Opportunity Trust

TL;DR

Saba Capital updated its 13D filing for IVO. Watch for changes.

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 Opportunity Trust. The filing indicates a change in the reporting person's beneficial ownership, though specific new ownership percentages or dollar amounts are not detailed in this excerpt.

Why It Matters

This amendment signals potential shifts in significant shareholder positions, which could influence the trust's future strategy or performance.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate a significant shareholder is actively changing their stake or strategy, which can introduce volatility.

Key Players & Entities

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

FAQ

Key Financial Figures

• $62,076,012 — ported herein. A total of approximately $62,076,012 was paid to acquire the Common Shares r

Filing Documents

• formsc13da.htm (SC 13D/A) — 58KB
• 0001062993-24-012619.txt ( ) — 60KB

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 67,440,685 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. 46132C107 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. 46132C107 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. 46132C107 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 5/6/2024 Buy 6,832 9.45 5/15/2024 Buy 39,617 9.61

View Full Filing

View this SC 13D/A filing on SEC EDGAR