Saba Capital Amends 13D Filing for Invesco NY Muni Trust
Ticker: VTN · Form: SC 13D/A · Filed: Nov 13, 2024 · CIK: 883265
| Field | Detail |
|---|---|
| Company | Invesco Trust For Investment Grade New York Municipals (VTN) |
| Form Type | SC 13D/A |
| Filed Date | Nov 13, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $13,998,974 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, filing-amendment, municipal-bonds
TL;DR
SABA CAPITAL AMENDED 13D FOR INVESCO NY MUNI TRUST - HOLDINGS UPDATE.
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 13, 2024, does not specify a dollar amount or percentage change but signifies an update to Saba Capital's holdings in the trust.
Why It Matters
This filing updates the market on Saba Capital's stake in the Invesco Trust for Investment Grade New York Municipals, potentially signaling strategic moves or changes in investment strategy by the activist investor.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede activist campaigns or significant shifts in a fund's 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 of Saba Capital Management
FAQ
What specific changes in beneficial ownership are detailed in this SC 13D/A filing?
The filing is an amendment to a previous Schedule 13D and indicates a change in beneficial ownership, but the specific details of the change (e.g., number of shares, percentage) are not provided in the provided text excerpt.
When was this SC 13D/A filing submitted to the SEC?
The filing was submitted on November 13, 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 the SC 13D/A?
Saba Capital Management, L.P. is the entity filing the SC 13D/A.
What is the Central Index Key (CIK) for Invesco Trust for Investment Grade New York Municipals?
The Central Index Key for Invesco Trust for Investment Grade New York Municipals is 0000883265.
Filing Stats: 1,340 words · 5 min read · ~4 pages · Grade level 11.8 · Accepted 2024-11-13 17:08:28
Key Financial Figures
- $13,998,974 — ported herein. A total of approximately $13,998,974 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 59KB
- 0001062993-24-019029.txt ( ) — 61KB
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. 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 11/5/24. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 11/7/2024 Sell 47,928 11.13 11/8/2024 Sell 38,538 11.23 11/11/2024 Sell 8,633 11.26 11/12/2024 Sell 109,174 11.25