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Nuveen multi-asset income fund sees $630,358 in stock sales

Published 12/09/2024, 12:28 PM
NMAI
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Saba Capital Management, L.P., a significant shareholder in Nuveen Multi-Asset Income Fund (NYSE:NMAI), reported the sale of 48,865 shares across two transactions on December 5 and December 6, 2024. The fund, currently valued at $432.53 million, has delivered an impressive 16.07% return year-to-date and offers a substantial 12.91% dividend yield. The shares were sold at a consistent price of $12.9 each, amounting to a total of $630,358. Following these transactions, Saba Capital holds 3,995,180 shares in the fund. The sales were executed indirectly, as noted in the filing. According to InvestingPro, NMAI maintains strong dividend characteristics with historically low price volatility, making it an interesting option for income-focused investors.

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