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Saba capital buys $34,973 in Pioneer Municipal High Income Fund

Published 12/09/2024, 10:58 AM
MHI
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Saba Capital Management, L.P. has recently increased its stake in Pioneer Municipal High Income Fund, Inc. (NYSE:MHI), acquiring additional shares over two separate transactions. According to the latest SEC filing, Saba Capital purchased a total of 3,644 shares, amounting to an investment of $34,973. The shares were acquired at prices ranging from $9.59 to $9.61 per share. The fund, currently valued at $219.29 million, offers a notable dividend yield of 4.35% and has maintained dividend payments for 22 consecutive years, according to InvestingPro data.

These transactions took place on December 5 and December 6, 2024, and were executed under the indirect ownership of Saba Capital. Following these acquisitions, Saba Capital's total holdings in the fund have increased to 3,895,225 shares.

Boaz Weinstein, a key figure at Saba Capital, also signed off on the transactions, reflecting the firm's continued interest in the municipal high-income sector.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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