TPI Composites files for Chapter 11 bankruptcy, plans delisting from Nasdaq
Saba Capital Management, L.P., a significant stakeholder in BlackRock (NYSE:BLK) MuniYield Pennsylvania Quality Fund (NYSE:MPA), sold 5,532 shares of common stock on February 20, 2025. The fund, currently offering a substantial 6.82% dividend yield, has maintained dividend payments for 33 consecutive years according to InvestingPro data. The shares were sold at a price of $11.59 each, totaling $64,115. This transaction leaves Saba Capital with a remaining holding of 2,005,373 shares in the fund, representing a significant position in the $150.22M market cap fund. The sale was disclosed in a recent SEC filing, underscoring Saba Capital’s continuing adjustments to its investment portfolio. InvestingPro analysis reveals the fund trades with low volatility (Beta: 0.5) and is currently near its 52-week low, though investors should note its current ratio of 0.26 indicates potential liquidity concerns.
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