Saba Capital Management, L.P., a significant stakeholder in Nuveen Multi-Asset Income Fund (NYSE:NMAI), recently executed a series of transactions resulting in the sale of shares valued at approximately $1.28 million. The transactions took place on December 3 and December 4, 2024. NMAI, which offers a substantial 13% dividend yield according to InvestingPro data, has delivered an impressive 15.19% return year-to-date.
On December 3, Saba Capital Management sold 70,854 shares at a price of $12.85 per share. This was followed by another sale on December 4, where 28,613 shares were sold at $12.84 per share. Following these transactions, the firm holds 4,044,045 shares of the fund.
Saba Capital Management, led by Boaz Weinstein, holds more than ten percent of the fund and continues to maintain a significant position despite the recent sales.
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