Form 4: Saba Capital Management Distributes Eaton Vance New York Municipal Bond Fund Shares In-Kind
SEC Form 4 Filing
Saba Capital Management, L.P. distributed 9,459 shares of Eaton Vance New York Municipal Bond Fund to shareholders on July 31, 2024, due to the expiration of a mandate.
Summary
- On July 31, 2024, Saba Capital Management, L.P. distributed 9,459 shares of Eaton Vance New York Municipal Bond Fund (ENX) to its clients.
- The distribution was a pro-rata in-kind distribution.
- The distribution occurred because of the expiration of a mandate.
- Following the transaction, Saba Capital Management, L.P. directly owns 0 shares and indirectly owns 3,057,430 shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to a distribution of shares, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by directors, officers, and principal stockholders, providing transparency to the market.
Stakeholder Impact
- Shareholders received a pro-rata in-kind distribution of shares.
Key Dates
| Date | Description |
|---|---|
| 07/31/2024 | Date of the pro-rata in-kind distribution of 9,459 Common Shares. |
| 08/01/2024 | Date of signature for the Form 4 filing by Zachary Gindes and Boaz Weinstein. |
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