Saba Capital Management, L.P., a significant stakeholder in the Nuveen Multi-Asset Income Fund (NYSE:NMAI), reported a sale of shares totaling $423,436, as per the latest SEC Form 4 filing. The fund, currently valued at $402.44 million, offers investors an attractive dividend yield of ~14%, according to InvestingPro data. The transaction took place on December 31, 2024, with 34,937 shares sold at a price of $12.12 each. Following this transaction, Saba Capital Management holds 3,599,625 shares in the fund. This sale was reported by Zachary Gindes on behalf of Saba Capital Management and Boaz Weinstein, both of whom are ten percent owners of the fund. With a P/E ratio of 8.03 and trading near its 52-week low, InvestingPro analysis reveals several additional key insights about NMAI's market position and future prospects.
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