Form 4: Saba Capital Management Increases Stake in Eaton Vance New York Municipal Bond Fund

Saba Capital Management, a 10% owner and director, reports purchasing additional shares of Eaton Vance New York Municipal Bond Fund (ENX).

Summary

• On February 12, 2025, Saba Capital Management, L.P., acquired 200 shares of Eaton Vance New York Municipal Bond Fund (ENX) at a price of $9.59 per share.
• Following this transaction, Saba Capital Management's indirect beneficial ownership in ENX amounts to 3,364,792 shares.
• Boaz Weinstein, also listed as a reporting person, is associated with Saba Capital Management.
• The filing indicates that Saba Capital Management is a 10% owner and has a director relationship with the issuer.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports a transaction. There is no indication of positive or negative outlook.

Industry Context

This filing reflects ongoing investment activity in the closed-end fund market, where activist investors like Saba Capital Management often seek to influence fund management and strategy to unlock value.

Stakeholder Impact

• The increased stake by Saba Capital Management could signal potential future actions or influence on the fund's strategy, which may impact shareholders.

Key Dates

Keywords

Form 4, Beneficial Ownership, Saba Capital Management, Eaton Vance New York Municipal Bond Fund, ENX, Boaz Weinstein, Share Acquisition