Pioneer Municipal High Income Advantage Fund, INC Schedule 13D activist filings
Filed when an investor crosses five percent and intends to influence the company — the activist disclosure.
Saba Capital Management and its affiliates have fully divested their stake in Pioneer Municipal High Income Advantage Fund, Inc., now holding 0% of common shares.
Bank of America Corporation and its affiliate have fully divested their holdings in Pioneer Municipal High Income Advantage Fund's Variable Rate MuniFund Term Preferred Shares following a redemption by the issuer.
SCHEDULE 13D/A: Activist Investor Saba Capital Opposes Pioneer Municipal High Income Fund's New Advisory Agreement, Demands NAV Exit Option
Saba Capital Management, a significant shareholder in Pioneer Municipal High Income Advantage Fund, Inc., has filed an amended proxy statement to actively oppose the proposed new investment advisory agreement with Victory Capital Management Inc., advocating for shareholders to have an option to exit the fund at net asset value.
SCHEDULE 13D/A: Saba Capital Escalates Opposition to Pioneer Municipal Fund Reorganization, Demands NAV Exit Option
Activist investor Saba Capital Management, L.P. has filed an amended Schedule 13D/A and preliminary proxy statement, increasing its stake to 16.37% in Pioneer Municipal High Income Advantage Fund, Inc. and formally opposing the proposed reorganization into a new fund advised by Victory Capital Management Inc., citing the lack of a net asset value (NAV) exit opportunity for shareholders.