Saba Capital Amends Filing for Invesco NY Muni Trust
Ticker: VTN · Form: SC 13D/A · Filed: Nov 5, 2024 · CIK: 883265
| Field | Detail |
|---|---|
| Company | Invesco Trust For Investment Grade New York Municipals (VTN) |
| Form Type | SC 13D/A |
| Filed Date | Nov 5, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $15,934,193 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-filing, municipal-bonds, trust-amendment
TL;DR
Saba Capital updated its 13D on Invesco NY Muni Trust - watch for potential moves.
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 November 5, 2024, details Saba Capital's stake and intentions regarding the trust. No specific dollar amounts or new share counts were detailed in this amendment.
Why It Matters
This filing signals potential activist interest or a shift in strategy by Saba Capital concerning the Invesco Trust, which could impact the trust's management or shareholder value.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings often precede significant corporate actions or activist campaigns, introducing uncertainty.
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 is the primary purpose of this SC 13D/A filing?
This filing is an amendment to a previously filed Schedule 13D, indicating a change in the beneficial ownership or other relevant information regarding Saba Capital Management, L.P.'s holdings in Invesco Trust for Investment Grade New York Municipals.
Who is filing this amendment?
Saba Capital Management, L.P. is filing this amendment.
What company is the subject of this filing?
The subject company is Invesco Trust for Investment Grade New York Municipals.
When was this filing made?
The filing was made on November 5, 2024.
Does this filing specify the exact number of shares or percentage of ownership held by Saba Capital?
This particular excerpt does not specify the exact number of shares or percentage of ownership, but it indicates a change in beneficial ownership requiring an amendment to the Schedule 13D.
Filing Stats: 1,347 words · 5 min read · ~4 pages · Grade level 11.5 · Accepted 2024-11-05 21:07:01
Key Financial Figures
- $15,934,193 — ported herein. A total of approximately $15,934,193 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 62KB
- 0001062993-24-018372.txt ( ) — 64KB
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 5, 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 since the filing of the Schedule 13D/A on 10/7/24. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 10/24/2024 Sell 16,578 11.21 10/25/2024 Sell 22,245 11.17 10/29/2024 Sell 58,640 11.15 10/30/2024 Sell 32,300 11.15 10/31/2024 Sell 17,231 11.19 11/1/2024 Sell 29,874 11.19 11/4/2024 Sell 18,314 11.22