Saba Capital Management Amends Filing for Invesco Municipal Trust
Ticker: VMO · Form: SC 13D/A · Filed: Oct 7, 2024 · CIK: 884152
| Field | Detail |
|---|---|
| Company | Invesco Municipal Opportunity Trust (VMO) |
| Form Type | SC 13D/A |
| Filed Date | Oct 7, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $55,784,070 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, sec-filing, ownership-change
TL;DR
Saba Capital updated its 13D filing for Invesco Municipal Opportunity Trust. Watch for changes.
AI Summary
Saba Capital Management, L.P. has filed an amendment (No. 3) to its Schedule 13D concerning Invesco Municipal Opportunity Trust, as of October 7, 2024. The filing indicates changes in beneficial ownership, though specific new holdings or dollar amounts are not detailed in this excerpt. Saba Capital Management, L.P. is the filer, with Boaz R. Weinstein listed as a group member.
Why It Matters
This amendment signals potential shifts in significant shareholder positions, which could influence the market perception and trading activity of Invesco Municipal Opportunity Trust.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings often indicate changes in activist investor strategies or significant stake adjustments, which can introduce volatility.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filer of the Schedule 13D/A
- Invesco Municipal Opportunity Trust (company) — Subject company of the filing
- Boaz R. Weinstein (person) — Group member associated with the filer
FAQ
What is the filing type and amendment number?
The filing type is SC 13D/A, and it is Amendment No. 3.
Who is the subject company?
The subject company is Invesco Municipal Opportunity Trust.
Who is the entity filing the amendment?
Saba Capital Management, L.P. is the entity filing the amendment.
What is the filing date?
The filing date is October 7, 2024.
Are there any former company names listed for the subject company?
Yes, former names include Invesco Van Kampen Municipal Opportunity Trust, Van Kampen Municipal Opportunity Trust, and Van Kampen American Capital Municipal Opportunity Trust.
Filing Stats: 1,336 words · 5 min read · ~4 pages · Grade level 11.2 · Accepted 2024-10-07 16:35:48
Key Financial Figures
- $55,784,070 — ported herein. A total of approximately $55,784,070 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 66KB
- 0001062993-24-017459.txt ( ) — 68KB
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: October 7, 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 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 25,090 10.34 9/13/2024 Sell 77,200 10.35 9/17/2024 Sell 58,646 10.30 9/18/2024 Sell 41,833 10.23 9/19/2024 Sell 28,254 10.27 9/20/2024 Sell 37,602 10.26 9/24/2024 Sell 62,537 10.25 9/25/2024 Sell 61,593 10.22 9/30/2024 Sell 92,104 10.23 10/1/2024 Sell 74,461 10.31 10/3/2024 Sell 93,107 10.28 10/4/2024 Sell 27,203 10.21