Saba Capital Management Amends Filing for BNY Mellon Municipals
Ticker: LEO · Form: SC 13D/A · Filed: Jun 28, 2024 · CIK: 818972
Sentiment: neutral
Topics: sec-filing, schedule-13d, beneficial-ownership
TL;DR
Saba Capital just updated their stake in BNY Mellon Strategic Municipals. Watch this space.
AI Summary
Saba Capital Management, L.P. has filed an amendment (SC 13D/A) on June 28, 2024, to its Schedule 13D concerning BNY Mellon Strategic Municipals, Inc. The filing indicates a change in beneficial ownership, with Saba Capital Management now holding a significant stake in the company's common shares.
Why It Matters
This amendment signals a potential shift in control or influence for BNY Mellon Strategic Municipals, Inc., as a significant investor updates its holdings.
Risk Assessment
Risk Level: medium — Changes in beneficial ownership filings can indicate activist investor intentions or strategic shifts, which may impact the company's stock price and future operations.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filing entity
- BNY Mellon Strategic Municipals, Inc. (company) — Subject company
- Boaz R. Weinstein (person) — Group member of Saba Capital Management
FAQ
What is the specific percentage of common shares beneficially owned by Saba Capital Management, L.P. after this amendment?
The provided text does not specify the exact percentage of common shares beneficially owned by Saba Capital Management, L.P. after this amendment.
What was the date of the previous filing that this amendment (No. 1) is updating?
The filing is an amendment (No. 1) to a previous filing, but the date of the prior filing is not explicitly stated in this excerpt.
What is the business address of BNY Mellon Strategic Municipals, Inc.?
The business address of BNY Mellon Strategic Municipals, Inc. is C/O BNY Mellon Investment Adviser, Inc., 240 Greenwich Street, New York, NY 10286.
What is the IRS number for Saba Capital Management, L.P.?
The IRS number for Saba Capital Management, L.P. is 800361690.
What is the par value of the common shares of BNY Mellon Strategic Municipals, Inc.?
The par value of the common shares of BNY Mellon Strategic Municipals, Inc. is $0.001.
Filing Stats: 1,321 words · 5 min read · ~4 pages · Grade level 11.8 · Accepted 2024-06-28 12:11:06
Key Financial Figures
- $0.001 — INC (Name of Issuer) Common Shares, $0.001 par value (Title of Class of Securiti
- $23,180,754 — ported herein. A total of approximately $23,180,754 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 60KB
- 0001062993-24-013120.txt ( ) — 62KB
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: June 28, 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. 05588W108 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 on 6/12/24. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 6/12/24 Buy 6,156 6.09 6/13/24 Buy 61,612 6.11 6/14/24 Buy 42,034 6.12 6/17/24 Buy 17,353 6.11 6/18/24 Buy 172,995 6.13 6/20/24 Buy 68,528 6.09 6/21/24 Buy 77,504 6.11 6/24/24 Buy 94,520 6.10 6/25/24 Buy 35,052 6.10 6/27/24 Buy 54,069 6.09