Form 4: Saba Capital Management Increases Stake in Nuveen Core Plus Impact Fund

Saba Capital Management, L.P. reports increased beneficial ownership in Nuveen Core Plus Impact Fund (NPCT) through recent common stock purchases.

Summary

• On March 11, 2024, Saba Capital Management acquired 9,650 shares of Nuveen Core Plus Impact Fund (NPCT) common stock at a price of $10.34 per share.
• Following this transaction, Saba Capital Management's indirect beneficial ownership totaled 3,188,901 shares.
• On March 12, 2024, Saba Capital Management acquired an additional 3,056 shares of NPCT common stock at $10.34 per share.
• This purchase increased their total indirect beneficial ownership to 3,191,957 shares.
• Boaz Weinstein, associated with Saba Capital Management, is also listed as a reporting person with a director and 10% owner relationship to the issuer.

Sentiment

Score: 6

Explanation: The document indicates increased investment by a significant shareholder, which is generally viewed neutrally to positively. However, without further context, it's difficult to gauge the long-term impact.

Positives

• Saba Capital Management's increased investment in Nuveen Core Plus Impact Fund could be interpreted as a positive signal, indicating confidence in the fund's performance or future prospects.

Industry Context

Hedge funds like Saba Capital Management often take significant positions in closed-end funds like Nuveen Core Plus Impact Fund to influence fund strategy or capitalize on perceived undervaluation.

Stakeholder Impact

• The increased stake by Saba Capital Management could potentially influence the fund's strategy, which may impact shareholders.

Key Dates