US LNG exports surge but will buyers in China turn up?
In a recent transaction, Saba Capital Management, L.P., a significant stakeholder in Pioneer Municipal High Income Fund, Inc. (NYSE:MHI), purchased 43,562 shares of the fund’s common stock. The shares were acquired at a price of $8.67 each, amounting to a total investment of $377,682. Following this transaction, Saba Capital Management now holds a total of 4,179,181 shares in the fund. The purchase comes as MHI trades near its 52-week low of $8.45, with a current market capitalization of $198.79 million and an attractive P/E ratio of 4.22.
This acquisition reflects Saba Capital Management’s continued interest in Pioneer Municipal High Income Fund, which specializes in municipal bonds and aims to provide high current income to its shareholders. The fund has maintained dividend payments for 23 consecutive years, currently offering a 4.86% dividend yield. The transaction was reported in a Form 4 filing with the Securities and Exchange Commission and was signed by Zachary Gindes on behalf of Saba Capital Management and Boaz Weinstein. InvestingPro analysis reveals 5 additional key insights about MHI’s financial health and market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.