In recent trading activity involving the Nuveen Multi-Asset Income Fund (NYSE:NMAI), which currently trades at $12.79 with a market capitalization of $432.5 million, Saba Capital Management, L.P., led by Boaz Weinstein, executed sales of common stock totaling approximately $585,715. The transactions occurred over two days, with 16,719 shares sold on December 10 at a price of $12.84 each, followed by 28,875 shares on December 11 at $12.85 each. According to InvestingPro, NMAI offers an impressive 13% dividend yield, making it a notable income-generating investment. This activity leaves Saba Capital with a remaining stake of 3,921,230 shares in the fund. These transactions are part of regular portfolio adjustments by Saba Capital, which holds a significant ownership position in the fund. The stock has demonstrated strong performance with a 15.18% year-to-date return. For more detailed insights and additional ProTips about NMAI's performance, visit InvestingPro.
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