Form 4: Saba Capital Management Sells Nuveen Core Plus Impact Fund Shares
SEC Form 4 Filing
Saba Capital Management, a 10% owner of Nuveen Core Plus Impact Fund, sold 25,144 shares of common stock at $11.51 per share on November 11, 2024.
Summary
- On November 11, 2024, Saba Capital Management, L.P., a 10% owner of Nuveen Core Plus Impact Fund (NPCT), sold 25,144 shares of common stock.
- The transaction was executed at a price of $11.51 per share.
- Following the transaction, Saba Capital Management indirectly beneficially owns 3,398,187 shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a transaction. It doesn't inherently convey positive or negative sentiment, but rather reports a factual event.
Industry Context
Hedge funds and investment firms frequently adjust their holdings in publicly traded companies, especially closed-end funds, based on their investment strategies and market conditions. This sale by Saba Capital is a routine transaction and may not indicate a change in the fund's fundamentals.
Stakeholder Impact
- The sale of shares by a major shareholder like Saba Capital could potentially create short-term price volatility for Nuveen Core Plus Impact Fund.
Key Dates
| Date | Description |
|---|---|
| 11/11/2024 | Date of transaction: Saba Capital Management sold shares of Nuveen Core Plus Impact Fund. |
| 11/12/2024 | Date of signature for the Form 4 filing by Zachary Gindes on behalf of Saba Capital Management, L.P. and Boaz Weinstein. |
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