Capstone Holding Corp. lowers convertible note conversion price to $1.00
In a recent transaction, Saba Capital Management, L.P., a significant stakeholder in Eaton (NYSE:ETN) Vance New York Municipal Bond Fund (NYSE:ENX), acquired 8,872 shares of common stock. The purchase, dated June 2, 2025, was executed at a price of $9.16 per share, totaling approximately $81,267. The fund, currently trading at $9.14 and offering a 5.45% dividend yield, has maintained dividend payments for 24 consecutive years according to InvestingPro data. This acquisition brings Saba Capital’s total holdings in the fund to 3,796,383 shares. The transaction was signed off by Zachary Gindes on behalf of Saba Capital Management and Boaz Weinstein, who is also a ten percent owner. With a market capitalization of $164.35 million, the fund is currently trading near its 52-week low of $8.74. InvestingPro has identified several additional key metrics and analysis points for this fund, available through their comprehensive Pro Research Report, which provides deep-dive analysis of over 1,400 US equities.
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