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Saba Capital Management, L.P., a significant stakeholder in Pioneer Municipal High Income Fund, Inc. (NYSE:MHI), has increased its holdings in the fund. According to a recent SEC filing, Saba Capital acquired 13,343 shares of common stock at a price of $8.70 per share. This transaction, valued at approximately $116,084, took place on April 21, 2025. The fund, with a market capitalization of $198.57 million, currently trades near its 52-week low of $8.45 and offers a compelling dividend yield of 4.82%. InvestingPro data reveals the fund has maintained dividend payments for 23 consecutive years.
Following this acquisition, Saba Capital’s total ownership in Pioneer Municipal High Income Fund stands at 4,192,524 shares. The purchase reflects Saba Capital’s ongoing investment strategy, as the firm remains a ten percent owner of the fund. Boaz Weinstein, a key figure at Saba Capital, was also listed in the filing, underscoring the firm’s active role in managing its investment portfolio. With a P/E ratio of 4.53 and historically low price volatility (Beta: 0.73), InvestingPro subscribers can access 4 additional exclusive insights about MHI’s financial health and market position.
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