Capstone Holding Corp. lowers convertible note conversion price to $1.00
In recent transactions, Saba Capital Management, L.P. and Boaz Weinstein, both significant stakeholders in Eaton (NYSE:ETN) Vance New York Municipal Bond Fund (NYSE:ENX), have increased their holdings. On June 5 and June 6, the firm acquired a total of 8,992 shares of common stock. These purchases were made at prices ranging from $9.13 to $9.18 per share, totaling approximately $82,273. The fund, with a market capitalization of $164.5 million, is currently trading near its 52-week low of $8.74, while offering a notable dividend yield of 5.48%.
Following these acquisitions, the total number of shares owned by the reporting parties rose to 3,820,277. These transactions indicate a continued interest in the fund by its major shareholders. InvestingPro data reveals that ENX has maintained dividend payments for 24 consecutive years, with additional insights available through the platform’s comprehensive analysis tools and ProTips.
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