Saba Capital Management, L.P., a prominent investment management firm, recently acquired additional shares in the Pioneer Municipal High Income Fund, Inc. (NYSE:MHI). According to the latest SEC filing, the firm purchased 5,889 shares at a price of $9.35 per share, amounting to a total transaction value of $55,062. This acquisition increases Saba Capital's stake in the fund to 4,113,850 shares. The fund, currently trading at $9.42 and near its 52-week high, offers a 4.48% dividend yield and has maintained dividend payments for 22 consecutive years, according to InvestingPro data. The transaction was reported by Saba Capital's representative, Zachary Gindes, and Boaz Weinstein, both of whom are significant owners of the fund. With a market capitalization of $214.51 million and a strong one-year return of 14.41%, MHI maintains an overall "GREAT" financial health rating on InvestingPro, which offers additional insights and analysis tools for investors.
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