Saba Capital Amends 13D Filing for Invesco Municipal Opportunity Trust
Ticker: VMO · Form: SC 13D/A · Filed: Oct 28, 2024 · CIK: 884152
| Field | Detail |
|---|---|
| Company | Invesco Municipal Opportunity Trust (VMO) |
| Form Type | SC 13D/A |
| Filed Date | Oct 28, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 5 min |
| Key Dollar Amounts | $48,660,038 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, activist-filing, sec-filing
TL;DR
SABA CAPITAL AMENDS 13D FOR INVESCO MUNI TRUST - OWNERSHIP DETAILS UPDATED.
AI Summary
Saba Capital Management, L.P. has filed an amendment (No. 4) to its Schedule 13D, indicating a change in its beneficial ownership of Invesco Municipal Opportunity Trust as of October 28, 2024. The filing details Saba Capital's holdings and intentions regarding the trust.
Why It Matters
This filing provides insight into the actions and potential influence of a significant shareholder, Saba Capital Management, on the Invesco Municipal Opportunity Trust.
Risk Assessment
Risk Level: medium — Schedule 13D filings often signal potential activist investor activity or significant changes in holdings, which can introduce volatility.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filing entity
- Invesco Municipal Opportunity Trust (company) — Subject company
- BOAZ R. WEINSTEIN (person) — Group member of Saba Capital Management
FAQ
What is the primary purpose of this SC 13D/A filing?
This filing is an amendment (No. 4) to Schedule 13D, indicating a change in the beneficial ownership of Invesco Municipal Opportunity Trust by Saba Capital Management, L.P.
Who is the filing entity?
The filing entity is Saba Capital Management, L.P.
What company is the subject of this filing?
The subject company is Invesco Municipal Opportunity Trust.
What is the date as of which the change in ownership is reported?
The date as of the change is October 28, 2024.
Are there any specific dollar amounts or share counts mentioned in this excerpt?
This excerpt does not contain specific dollar amounts or share counts related to the ownership change.
Filing Stats: 1,362 words · 5 min read · ~5 pages · Grade level 10.7 · Accepted 2024-10-28 15:21:54
Key Financial Figures
- $48,660,038 — ported herein. A total of approximately $48,660,038 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 72KB
- 0001062993-24-018002.txt ( ) — 74KB
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 28, 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 since the filing of the Schedule 13D/A on 10/7/24. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 10/7/2024 Sell 11,871 10.20 10/8/2024 Sell 1,457 10.18 10/9/2024 Sell 37,516 10.16 10/10/2024 Sell 111,581 10.13 10/11/2024 Sell 59,172 10.14 10/14/2024 Sell 52,983 10.13 10/15/2024 Sell 42,955 10.15 10/16/2024 Sell 26,839 10.11 10/17/2024 Sell 53,507 10.08 10/18/2024 Sell 8,590 10.11 10/21/2024 Sell 58,406 10.06 10/22/2024 Sell 16,997 10.07 10/23/2024 Sell 35,974 9.98 10/24/2024 Sell 107,770 9.84 10/25/2024 Sell 143,891 9.82