Saba Capital Management, L.P., a significant shareholder in the Nuveen Multi-Asset Income Fund (NYSE:NMAI), recently sold 15,564 shares of common stock. The transaction, which took place on December 2, 2024, was executed at a price of $12.84 per share, amounting to a total value of $199,841. Following this sale, Saba Capital retains ownership of 4,143,512 shares in the fund. The sale was reported by Boaz Weinstein, a ten percent owner, and filed with the SEC.
NMAI, with a market capitalization of $429 million, currently offers an attractive dividend yield of ~13%. According to InvestingPro analysis, the fund generally trades with low price volatility, making it potentially appealing to stability-focused investors. InvestingPro subscribers have access to 2 additional key insights about NMAI's financial health and valuation metrics.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.