Saba capital management sells $1m in Nuveen multi-asset income fund

Published 12/28/2024, 03:16 AM
NMAI
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Saba Capital Management, L.P., a prominent investment firm, recently reported a significant sale of shares in the Nuveen Multi-Asset Income Fund (NYSE:NMAI), a $405 million market cap fund currently trading near its 52-week low. According to the SEC filing, Saba Capital Management sold 83,265 shares at a price of $12.09 per share, amounting to a total transaction value of approximately $1,006,673. Following this transaction, the firm holds 3,738,811 shares in the fund. The sale was executed on December 26, 2024, and the filing was signed by Zachary Gindes on behalf of Saba Capital Management and Boaz Weinstein. NMAI offers a substantial 13.8% dividend yield and trades at a P/E ratio of 8.0. InvestingPro subscribers can access additional insights on NMAI's dividend sustainability and valuation metrics.

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