Saba Capital Management Updates Invesco Trust Filing
Ticker: VTN · Form: SC 13D/A · Filed: Oct 7, 2024 · CIK: 883265
| Field | Detail |
|---|---|
| Company | Invesco Trust For Investment Grade New York Municipals (VTN) |
| Form Type | SC 13D/A |
| Filed Date | Oct 7, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $17,783,286 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-filing, ownership-change, municipal-bonds
TL;DR
Saba Capital updated their 13D filing for Invesco Trust. No major changes disclosed yet.
AI Summary
Saba Capital Management, L.P. has filed an amendment to its Schedule 13D, indicating a change in its beneficial ownership of Invesco Trust for Investment Grade New York Municipals. The filing, dated October 7, 2024, does not specify a new percentage of ownership or dollar amount, but signifies an update to their previous filing regarding their stake in the trust.
Why It Matters
This filing indicates a change in a significant shareholder's position in the Invesco Trust for Investment Grade New York Municipals, which could influence the trust's future performance or strategic decisions.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede activist campaigns or significant shifts in holdings, which can introduce volatility.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filer of the Schedule 13D/A
- Invesco Trust for Investment Grade New York Municipals (company) — Subject company of the filing
- Boaz R. Weinstein (person) — Group member associated with Saba Capital
FAQ
What specific changes in beneficial ownership are reported in this SC 13D/A filing?
This filing is an amendment to a previous Schedule 13D and indicates a change in beneficial ownership, but the specific percentage or number of shares is not detailed in the provided text.
When was this amendment filed with the SEC?
This amendment was filed on October 7, 2024.
Who is the subject company of this filing?
The subject company is Invesco Trust for Investment Grade New York Municipals.
Who is the entity filing this amendment?
The entity filing this amendment is Saba Capital Management, L.P.
What is the Central Index Key (CIK) for Saba Capital Management, L.P.?
The Central Index Key for Saba Capital Management, L.P. is 0001510281.
Filing Stats: 1,306 words · 5 min read · ~4 pages · Grade level 12.1 · Accepted 2024-10-07 17:29:31
Key Financial Figures
- $17,783,286 — ported herein. A total of approximately $17,783,286 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 56KB
- 0001062993-24-017463.txt ( ) — 58KB
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 7, 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 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 10/1/2024 Sell 9,640 11.59 10/2/2024 Sell 67,627 11.51 10/3/2024 Sell 803,267 11.50