Saba Capital Amends Filing for Invesco PA Muni Trust
Ticker: VPV · Form: SC 13D/A · Filed: Dec 12, 2024 · CIK: 895528
| Field | Detail |
|---|---|
| Company | Invesco Pennsylvania Value Municipal Income Trust (VPV) |
| Form Type | SC 13D/A |
| Filed Date | Dec 12, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $4,854,421 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, filing-amendment, municipal-bond-fund
TL;DR
Saba Capital updated its 13D on Invesco PA Muni Trust. Watch this space.
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 December 12, 2024. The filing details Saba Capital's stake and its intentions regarding the trust.
Why It Matters
This filing signals potential activist investor activity or a shift in holdings by Saba Capital Management, which could influence the future strategy or performance of the Invesco Pennsylvania Value Municipal Income Trust.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede activist campaigns or significant strategic shifts, introducing uncertainty for the subject company and its investors.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filing entity
- Invesco Pennsylvania Value Municipal Income 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 to Schedule 13D, typically used to report changes in beneficial ownership of a public company's securities.
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 Pennsylvania Value Municipal Income Trust.
What is the filing date?
The filing was made as of December 12, 2024.
What is the former name of the subject company?
The subject company was formerly known as Invesco Van Kampen Pennsylvania Value Municipal Income Trust and Van Kampen Pennsylvania Value Municipal Income Trust.
Filing Stats: 1,412 words · 6 min read · ~5 pages · Grade level 10.9 · Accepted 2024-12-12 16:17:55
Key Financial Figures
- $4,854,421 — ported herein. A total of approximately $4,854,421 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 68KB
- 0001062993-24-020530.txt ( ) — 70KB
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: December 12, 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 from the filing of the Schedule 13D/A on 11/21/24 to 12/10/24, the date of the event which required filing of this Schedule 13D/A. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 11/21/2024 Sell 16,699 11.11 11/22/2024 Sell 7,760 11.10 11/25/2024 Sell 1,220 11.18 11/26/2024 Sell 22,672 11.18 11/27/2024 Sell 30,138 11.21 12/2/2024 Sell 26,881 11.28 12/3/2024 Sell 845 11.28 12/4/2024 Sell 3,191 11.32 12/5/2024 Sell 10,273 11.31 12/10/2024 Sell 1,441,724 11.71