In recent transactions, Saba Capital Management, L.P., and Boaz Weinstein, both significant stakeholders in the Nuveen Multi-Asset Income Fund (NYSE:NMAI), a $399.1M market cap fund known for its attractive 14% dividend yield, sold shares of the fund's common stock. According to InvestingPro data, NMAI generally trades with low price volatility. The transactions, which took place on January 10 and January 13, involved the sale of a total of 38,576 shares. The sales were executed at prices ranging from $11.88 to $11.90 per share, amounting to a total value of $458,553.
Following these sales, the investors still hold a substantial position in the fund, with Saba Capital Management, L.P. retaining 3,409,288 shares and Weinstein holding 3,384,265 shares. The transactions were reported in a Form 4 filing with the Securities and Exchange Commission on January 14, 2025.
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