Saba Capital Management Amends 13D Filing for Invesco NY Muni Trust
Ticker: VTN · Form: SC 13D/A · Filed: Mar 6, 2024 · CIK: 883265
| Field | Detail |
|---|---|
| Company | Invesco Trust For Investment Grade New York Municipals (VTN) |
| Form Type | SC 13D/A |
| Filed Date | Mar 6, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01, $26,185,999 |
| Sentiment | neutral |
Sentiment: neutral
Topics: sec-filing, schedule-13d, amendment
TL;DR
Saba Capital updated its 13D on Invesco NY Muni Trust. Watch for potential changes.
AI Summary
Saba Capital Management, L.P. filed an amendment to its Schedule 13D on March 6, 2024, regarding its holdings in Invesco Trust for Investment Grade New York Municipals. The filing indicates a change in the reporting person's beneficial ownership, though specific new holdings or changes in percentage are not detailed in this excerpt. Saba Capital Management, L.P. is a Delaware-based entity with a business address in New York.
Why It Matters
This filing signals potential shifts in significant shareholder positions within the Invesco Trust for Investment Grade New York Municipals, which could influence the trust's management or investment strategy.
Risk Assessment
Risk Level: medium — Schedule 13D filings often indicate activist investor intentions or significant stake changes, which can lead to volatility.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Reporting Person
- Invesco Trust for Investment Grade New York Municipals (company) — Subject Company
- Boaz R. Weinstein (person) — Group Member
- Saba Capital Management GP, LLC (company) — Group Member
FAQ
What specific changes in beneficial ownership are reported in this SC 13D/A filing?
This excerpt does not detail the specific changes in beneficial ownership, only that an amendment to the Schedule 13D was filed on March 6, 2024.
Who is the reporting person filing this amendment?
The reporting person is Saba Capital Management, L.P.
What is the subject company of this filing?
The subject company is Invesco Trust for Investment Grade New York Municipals.
When was this filing submitted?
The filing was submitted on March 6, 2024.
What is the Central Index Key for Saba Capital Management, L.P.?
The Central Index Key for Saba Capital Management, L.P. is 0001510281.
Filing Stats: 1,322 words · 5 min read · ~4 pages · Grade level 12 · Accepted 2024-03-06 08:02:12
Key Financial Figures
- $0.01 — pals (Name of Issuer) Common Shares, $0.01 par value (Title of Class of Securiti
- $26,185,999 — ported herein. A total of approximately $26,185,999 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 63KB
- 0001062993-24-005641.txt ( ) — 65KB
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: March 6, 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. 46131T101 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 1/5/2024 Buy 43,299 10.47 1/9/2024 Sell (8,755) 10.47 1/10/2024 Buy 13,948 10.47 1/11/2024 Buy 8,914 10.49 1/16/2024 Buy 1,300 10.49 3/1/2024 Buy 15,773 10.52 3/4/2024 Buy 9,182 10.51