Capstone Holding Corp. lowers convertible note conversion price to $1.00
On February 26, Saba Capital Management, L.P., a significant shareholder in BlackRock (NYSE:BLK) MuniYield Pennsylvania Quality Fund (NYSE:MPA), executed a sale of 4,540 shares of the fund’s common stock. The transaction was completed at a price of $11.70 per share, totaling $53,118. The fund, with a market capitalization of $151.25 million, currently offers investors a substantial 6.78% dividend yield and has maintained dividend payments for 33 consecutive years, according to InvestingPro data.
Following this sale, Saba Capital Management holds 1,997,433 shares of MPA. This transaction was disclosed in a recent SEC filing, highlighting the continued active management of its investment portfolio by Saba Capital Management. The fund’s shares are currently trading near their 52-week low of $11.31, with historically low price volatility indicated by a beta of 0.5. InvestingPro subscribers can access 6 additional key insights about MPA’s financial health and market position.
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