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Saba capital management sells $366,075 in Nuveen multi-asset income fund shares

Published 12/11/2024, 01:54 AM
NMAI
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Saba Capital Management, L.P., a significant stakeholder in Nuveen Multi-Asset Income Fund (NYSE:NMAI), has reported the sale of 28,356 shares, according to a recent SEC filing. The transaction, executed on December 9, 2024, resulted in a total value of $366,075, with shares sold at a price of $12.91 each. The fund, currently trading at $12.85, offers an attractive dividend yield of ~13% and has delivered a strong year-to-date return of 15.35%. Following this sale, Saba Capital Management holds 3,966,824 shares of the fund. This move comes as part of the firm's ongoing portfolio management activities. InvestingPro analysis reveals the fund generally trades with low price volatility, making it an interesting choice for stability-focused investors. Discover more insights and investment opportunities with InvestingPro's comprehensive portfolio management tools.

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