Newegg commerce: Galkin family buys $5.8M in NEGG stock
Saba Capital Management, L.P., along with Boaz Weinstein, reported selling shares of GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) on June 16 and 17, 2025. The sales, totaling $89,377, were executed in two transactions with prices ranging from $6.52 to $6.55.
On June 16, 2025, 9,080 shares of Common Stock were sold at a price of $6.52 per share. Following this transaction, Saba Capital Management, L.P. and Boaz Weinstein, indirectly held 1,736,745 shares. The next day, June 17, 2025, an additional 4,607 shares were sold at $6.55 per share, resulting in a decreased holding of 1,732,138 shares.
Saba Capital Management, L.P. and Boaz Weinstein are both listed as ten percent owners of GAMCO Natural Resources, Gold & Income Trust.
In other recent news, GAMCO Natural Resources, Gold & Income Trust announced amendments to its Series B Cumulative Preferred Shares. The changes introduce additional holder put dates, allowing shareholders the option to sell their shares back to the fund during specified 60-day periods before March 26, 2026, and March 26, 2027. This amendment, effective April 2, 2025, aims to provide more flexibility for Series B Preferred Shareholders. The details were outlined in an 8-K filing with the Securities and Exchange Commission. The trust confirmed that there has been no change in its fiscal year, which ends on December 31. This strategic move is part of the trust’s ongoing efforts to adjust its financial instruments to better meet investor needs. The complete amendment text is available as Exhibit 3.1 attached to the filing. GAMCO Natural Resources, Gold & Income Trust’s common shares and Series A Cumulative Preferred Shares are both listed on the New York Stock Exchange.
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