Saba Capital Amends 13D Filing for Neuberger Berman Fund
Ticker: NBXG · Form: SC 13D/A · Filed: Aug 26, 2024 · CIK: 1843181
Sentiment: neutral
Topics: 13D-filing, amendment, activist-investor
TL;DR
Saba Capital updated its stake filing for Neuberger Berman Next Gen Connectivity Fund. Watch for potential moves.
AI Summary
Saba Capital Management, L.P. filed an amendment (No. 3) to its Schedule 13D on August 26, 2024, regarding Neuberger Berman Next Generation Connectivity Fund Inc. The filing indicates a change in beneficial ownership, though specific new holdings or dollar amounts are not detailed in this excerpt. The filing is an amendment to a previous filing concerning the common shares of the issuer.
Why It Matters
This amendment signals a potential shift in the investment strategy or stake held by Saba Capital in the Neuberger Berman Next Generation Connectivity Fund, which could influence the fund's future performance or strategic direction.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings often precede significant trading activity or strategic changes by the reporting entity, introducing potential volatility.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filing entity
- Neuberger Berman Next Generation Connectivity Fund Inc. (company) — Subject company
- Michael D'Angelo (person) — Contact person for Saba Capital
FAQ
What specific changes in beneficial ownership are detailed in this SC 13D/A filing?
This excerpt does not detail the specific changes in beneficial ownership, only that an amendment (No. 3) has been filed by Saba Capital Management, L.P. on August 26, 2024.
What is the CUSIP number for Neuberger Berman Next Generation Connectivity Fund Inc. common shares?
The CUSIP number for the common shares of Neuberger Berman Next Generation Connectivity Fund Inc. is 64133Q108.
Who is the primary filer for this SC 13D/A amendment?
Saba Capital Management, L.P. is the primary filer for this SC 13D/A amendment.
What was the former name of Neuberger Berman Next Generation Connectivity Fund Inc.?
The former name of Neuberger Berman Next Generation Connectivity Fund Inc. was Neuberger Berman 5G Connectivity Fund Inc., with a date of name change on January 28, 2021.
What is the business address and contact information for Saba Capital Management, L.P. as listed in the filing?
Saba Capital Management, L.P.'s business address is 405 Lexington Avenue, 58th Floor, New York, NY 10174, and the contact person listed is Michael D'Angelo at (212) 542-4635.
Filing Stats: 1,309 words · 5 min read · ~4 pages · Grade level 11.7 · Accepted 2024-08-26 08:06:44
Key Financial Figures
- $0.0001 — nd Inc (Name of Issuer) Common Shares, $0.0001 par value (Title of Class of Securities
Filing Documents
- formsc13da.htm (SC 13D/A) — 51KB
- 0001062993-24-015622.txt ( ) — 53KB
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: August 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. 64133Q108 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 during the past sixty days. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 8/19/2024 Buy 22,191 12.24 8/21/2024 Buy 67,654 12.28 8/22/2024 Buy 95,512 12.30 8/23/2024 Buy 24,865 12.26