Saba Capital Amends Filing for Invesco PA Muni Trust
Ticker: VPV · Form: SC 13D/A · Filed: Oct 31, 2024 · CIK: 895528
| Field | Detail |
|---|---|
| Company | Invesco Pennsylvania Value Municipal Income Trust (VPV) |
| Form Type | SC 13D/A |
| Filed Date | Oct 31, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $25,426,174 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, sec-filing, municipal-bonds
TL;DR
Saba Capital updated its 13D filing for Invesco PA Muni Trust. Keep an eye on this.
AI Summary
Saba Capital Management, L.P. has filed an amendment to its Schedule 13D, indicating a change in its beneficial ownership of Invesco Pennsylvania Value Municipal Income Trust as of October 31, 2024. The filing details Saba Capital's holdings and intentions regarding the trust.
Why It Matters
This filing provides insight into the investment strategy and potential influence of Saba Capital Management on the Invesco Pennsylvania Value Municipal Income Trust.
Risk Assessment
Risk Level: medium — Schedule 13D filings often signal activist investor intentions, which can lead to increased volatility and strategic shifts for the target company.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filer of the Schedule 13D/A
- Invesco Pennsylvania Value Municipal Income Trust (company) — Subject company of the filing
- Boaz R. Weinstein (person) — Group member associated with Saba Capital
- Saba Capital Management GP, LLC (company) — Group member associated with Saba Capital
FAQ
What specific changes in beneficial ownership are detailed in this SC 13D/A filing?
The filing is an amendment to a Schedule 13D, indicating a change in beneficial ownership, but the specific percentage or number of shares acquired or disposed of is not detailed in the provided header information.
What is the Central Index Key (CIK) for Invesco Pennsylvania Value Municipal Income Trust?
The CIK for Invesco Pennsylvania Value Municipal Income Trust is 0000895528.
What is the business address of Saba Capital Management, L.P.?
The business address for Saba Capital Management, L.P. is 405 Lexington Avenue, 58th Floor, New York, NY 10174.
When was the last date of change reported for this filing?
The date of change reported for this filing is October 31, 2024.
What is the SEC file number for this filing?
The SEC file number for this filing is 005-84427.
Filing Stats: 1,332 words · 5 min read · ~4 pages · Grade level 11.9 · Accepted 2024-10-31 16:53:49
Key Financial Figures
- $25,426,174 — ported herein. A total of approximately $25,426,174 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 58KB
- 0001062993-24-018179.txt ( ) — 60KB
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 31, 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. 46132K109 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 10/25/2024 Sell 56,200 11.01 10/28/2024 Sell 36,430 11.00 10/29/2024 Sell 119,111 10.96 10/30/2024 Sell 27,088 10.99