Morgan Stanley India investment fund sees $486,407 stock purchase by Saba Capital

Published 22/04/2025, 15:32
Morgan Stanley India investment fund sees $486,407 stock purchase by Saba Capital

Saba Capital Management, L.P., a significant stakeholder in Morgan Stanley (NYSE:MS) India Investment Fund, Inc. (NYSE:IIF), recently increased its holdings by purchasing 19,218 shares of common stock. The transaction, which took place on April 21, 2025, amounted to a total value of $486,407, with shares acquired at a price of $25.31 each. The fund, currently valued at $253.61 million, has demonstrated strong performance with a 21% return over the past year. According to InvestingPro data, IIF offers an attractive dividend yield of 10.6%. Following this purchase, Saba Capital’s total ownership in the fund stands at 990,267 shares. The transaction was signed off by Zachary Gindes on behalf of Saba Capital and Boaz Weinstein. InvestingPro analysis reveals the fund has maintained consistent dividend payments for 10 consecutive years, with additional insights available to subscribers.

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