Saba Capital Management sells shares of Nuveen Multi-Asset Income Fund for $1.22 Million By Investing.com

Saba Capital Management, LP, a major shareholder of Nuveen Multi-Asset Income Fund (NYSE:NMAI), a $407 million market cap fund currently offering a healthy dividend yield of 13.7%, announced today, announced the sale of its shares, according to a recent report. SEC filing. InvestingPro The data shows that the fund generally trades with low price volatility, with additional insights available to subscribers. The transactions, which were executed on January 2 and 3, 2025, involved the sale of 59,946 shares at $12.08 per share and 41,180 shares at $12.11 per share, respectively. The total value of these sales was approximately $1.22 million. Following these transactions, Saba Capital Management owns 3,498,499 shares in the fund. The sales were made with the fund trading near its 52-week low of $11.63, at a price-to-earnings ratio of 8.03. The filings were signed by Zachary Gends on behalf of Saba Capital Management and Boaz Weinstein, the ten percent owner. Discover more comprehensive financial metrics and analysis with InvestingPro.

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