Saba Capital Amends Stake in Invesco PA Muni Trust
Ticker: VPV · Form: SC 13D/A · Filed: Nov 13, 2024 · CIK: 895528
| Field | Detail |
|---|---|
| Company | Invesco Pennsylvania Value Municipal Income Trust (VPV) |
| Form Type | SC 13D/A |
| Filed Date | Nov 13, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 5 min |
| Key Dollar Amounts | $23,074,566 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, filing-amendment, municipal-bond-fund
TL;DR
Saba Capital updated its 13D filing for Invesco PA Muni Trust. Watch for potential changes.
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. The filing, dated November 13, 2024, does not specify the exact percentage change or dollar amounts involved but signifies an update to Saba Capital's stake in the trust.
Why It Matters
This filing signals a potential shift in the shareholder landscape of the Invesco Pennsylvania Value Municipal Income Trust, which could influence its future strategic decisions or market performance.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede activist campaigns or significant trading activity, introducing uncertainty for the subject company and its investors.
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?
This filing is an amendment to a Schedule 13D, indicating a change in beneficial ownership, but the specific details of the change (e.g., exact percentage, number of shares) are not provided in the header information.
Who is the filer of this SC 13D/A?
The filer is Saba Capital Management, L.P.
What is the subject company of this filing?
The subject company is Invesco Pennsylvania Value Municipal Income Trust.
When was this filing submitted?
This filing was submitted on November 13, 2024.
What is the SEC file number for this filing?
The SEC file number is 005-84427.
Filing Stats: 1,357 words · 5 min read · ~5 pages · Grade level 11.4 · Accepted 2024-11-13 17:05:36
Key Financial Figures
- $23,074,566 — ported herein. A total of approximately $23,074,566 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 54KB
- 0001062993-24-019027.txt ( ) — 56KB
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: November 13, 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 since the filing of the Schedule 13D/A on 10/31/24. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 10/31/2024 Sell 17,278 10.98 11/1/2024 Sell 46,893 11.01 11/4/2024 Sell 18,400 11.04 11/7/2024 Sell 47,029 10.98 11/8/2024 Sell 22,350 11.07 11/11/2024 Sell 10,306 11.08 11/12/2024 Sell 82,307 11.08