Investing.com - Financial Markets Worldwide

Saba capital management sells $1m in Nuveen multi-asset income fund

Published 27/12/2024, 20:16
Saba capital management sells $1m in Nuveen multi-asset income fund
NMAI
-

Saba Capital Management, L.P., a prominent investment firm, recently reported a significant sale of shares in the Nuveen Multi-Asset Income Fund (NYSE:NMAI), a $405 million market cap fund currently trading near its 52-week low. According to the SEC filing, Saba Capital Management sold 83,265 shares at a price of $12.09 per share, amounting to a total transaction value of approximately $1,006,673. Following this transaction, the firm holds 3,738,811 shares in the fund. The sale was executed on December 26, 2024, and the filing was signed by Zachary Gindes on behalf of Saba Capital Management and Boaz Weinstein. NMAI offers a substantial 13.8% dividend yield and trades at a P/E ratio of 8.0. InvestingPro subscribers can access additional insights on NMAI's dividend sustainability and valuation metrics.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.