Saba Capital Management Updates Invesco Trust 13D Filing
Ticker: VTN · Form: SC 13D/A · Filed: Nov 25, 2024 · CIK: 883265
| Field | Detail |
|---|---|
| Company | Invesco Trust For Investment Grade New York Municipals (VTN) |
| Form Type | SC 13D/A |
| Filed Date | Nov 25, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $11,977,810 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 13D-filing, ownership-change, municipal-bonds
TL;DR
Saba Capital updated its 13D on Invesco Trust NY Muni. Watch for potential changes.
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 25, 2024, does not specify the exact percentage change or dollar amount involved but signifies an update to their holdings. Saba Capital Management, L.P. is based in New York.
Why It Matters
This filing signals a potential shift in significant ownership for Invesco Trust for Investment Grade New York Municipals, which could influence the trust's future strategy or management.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede activist investor actions or significant portfolio adjustments, 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 Schedule 13D/A
- Boaz R. Weinstein (person) — Group member associated with Saba Capital Management
FAQ
What specific changes in beneficial ownership are reported in this SC 13D/A filing?
The filing is an amendment to a Schedule 13D, indicating a change in beneficial ownership, but the specific details of the change (e.g., percentage, number of shares) are not provided in the provided text snippet.
Who is the filer of this SC 13D/A?
The filer 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 made?
The filing was made on November 25, 2024.
What is the Central Index Key (CIK) for Saba Capital Management, L.P.?
The CIK for Saba Capital Management, L.P. is 0001510281.
Filing Stats: 1,381 words · 6 min read · ~5 pages · Grade level 11.6 · Accepted 2024-11-25 16:02:35
Key Financial Figures
- $11,977,810 — ported herein. A total of approximately $11,977,810 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 59KB
- 0001062993-24-019634.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 25, 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 from the filing of the Schedule 13D/A on 11/13/24 to 11/21/24, 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 11/14/2024 Sell 20,621 11.33 11/15/2024 Sell 33,744 11.23 11/18/2024 Sell 50,068 11.24 11/19/2024 Sell 34,518 11.29 11/20/2024 Sell 29,024 11.32 11/21/2024 Sell 45,370 11.34